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Documentation_Pension Public Safety_Tab 19_11/08/2005
I m I m m ft1 3 'r'1 X Q1 fU H i~ • w~c~avr~ ~ECLJRI~'IES • ram Command Asset Prog • 28.filT y VILLAGE QF TEQUESTA PUBLIC SAFETY ©FFICERS PEt~SIQIs TRUST FUND Sub t Branch f Rep l Accdrnt No. 1 CAP Account No, OD9 1 CC ! CC12 ~ 858Z-4313 9x75225708 Your ~inancFaf Advisor; Your h4anaged Program; FRED P KENNEY 3399 PGA 6LVD, STE 400 ET{VORK our hlanager PALM BCACH GARDENS FL 3341 G ~DRTH 9i ASSET IMhl4<3Eh1ENT Ur St e: ~ 661 X243198 ~ 666.246-75G4 O L}IklfEST EQIfiYALICAPCORE Caples of lhls statement have been sentto an interested party. Please contact Your Financial Adviser for delalts. For Banking Inquiries; En Espano-: OS COIJAtAIJD ~ ~ (BUDj 32fi•5877 800 266-62$3 Portfolio Summary Portfallo Assets Es4 Ann. S: Polar Cash and Mone Market Value oar J one :i0 9 273.58 ve' ue on .rut ai 9 273.58 I rx o,~ne Rssels 0.00'100.00 ks and J7 dons 0.00 0.00 0.00 Pratetredsff-xed Race Ca Secs 0.00 0.00 0.00 Fixed Income 3ewritles O.DD .OD 0.00 O n End Mulusl Funds 0.00 .00 0.00 Closed End h4u ual F ds 0.00 0.00 0.00 Marra ed Fuduresik-led a Funds 0.00 0.00 0.00 AnnultiesJlnaura~co O.OD 0.00 OAO Unit Itnrestrnenl Trusts D.00 0. D 0.00 Total Assets 9 273.58 9 Z7 .5B 100% Margin Balance Net Portfolio Vales 89,273.58 ;9,273.55 Page 1 of 3 ° N N July 1 - July 31, 2x05 TatalValue Compattaon 2,'Se3,0]1 i,G177,473 1,291515 Ji4i,787 d 1 I 1 I I OOA~ 09UPi 19A4 1t1D4 1YA~ U1A5 OPAS 03175 DiAS OSp6 Or,O607A6 Asset Allocation {Portfolio Assets l9 m fU Z7 iD Gainlt.oss Summary Cash end Aloney Narkel i i ¢° a m c -_~ N N Reallzad GaTnfLaas .._ ._.._.__ TatalReallzedGatnfLass SD.DO $75,461.07 Unrealized GalnlLass Curreel Short-term __ $1},00 Total tfnreailzed {3alnfLoans ~u,uu 0 N T I r m Y15S77f1U 0iG3372111554?~73 h'.ti'tttJN NNNNN r;NRNr;NNR n007U2 Other AssetslLiabiliiies Thse~e positions reilecl purchases made through us or informFttlan supplied to us; they ate dlsptayed for informaUon~1 purposes only. If you no langcr own any of ihesc investments, please tell us so we ran update this section. These assets are not Included In the net portfolio value, and are not protected try SIPC, D m fU m m ft] 3 X t Q1 m fit Qti r ftl • • Command Asset Program VILLAGE OF TEQIlESTA PUBLIC SAFETY OFFICERS PEhtSiaN TRUST FUND SuU f Branch J Rep f Account No. t CAP Aocounl No. 001 ! CC ! CC12 1 85$2-03131 9075225708 r~ L J 2s,wa q Pape 2 of 3 N 0 N July 1 -duly 31, 2005 9 3 Investment Qb~ecii+fetRisfc Tolerance: GROIM'!-t + MQDERATE Additiactal information Arta l labia Fund s Cash Activity Summary Total Cash and Mone Markel Funds on June 30: 9 273.5$ -- _ _ Cash 9.273.5 5ecurltlea Pur ase Mone Market O.OD 5ecutttles Sold and Redeemed 0.00 DeDagits and tiYrtltidrawats AyaHeble Margin ~ Withdrawals by Check Total Funds Awallable $9,273.68 ATM and CheckCard Activity __ __ Swaap Option EVERGREEN US GOVERNAlENT ptyldends MnNEYMARKETFUMpCLSt ,_,____, - 45,72'1.25 -'' ~ •• -Ave~able Mergln" retracts the approximate amount available as of the statement period ending dale and should be reduced by any pending checksand Vise charges not yet cleared. This amount Is the approximate amount available for withdrawal and loans. A macgln Loan Is a variable rate loan secured by your accormt. nCOme Summa Marley Market lnoame ~U oU Short term Disldbutlons $0 OD Long Ierrn DisVibWons $U 00 Retum a1 Princlual $0 00 Eartnershio Dlstrl ulioru SO 00 kntaresl Gharaed $0 00 Wlthholdina $0.00 Other Actlvi p.00 TotatAGtivlty $Qflo Total Cash and Money Market Funds on July 31: au uv SQ 00 $0.00 $0.00 0 00 0 00 $O,QO 0.00 $000 ~ayo.~re $0.00 U.00 $O.fld $0 00 0.60 $0.00 - 125.00 59.273.58 Tax-Exempt Inoarne Year-to-Date; $0.00 -- - 4the r I ncome Year-to-Date: ;19,918.43 Tax-exempt income and other income year-1o~date totals are taken from the lax reporting ayslem. They may nat match back to the activity summary due to reclassmcatlon activity. Money martret income can be eHher taxable or tax exempt and Is not reflected to either of these totals. The YTD Money market Income is displayed In the Cash AcUviry Summary. (Money market income trom FDIC iunda is shown i n the Interest line al the Cash Acliylty Summary, not the Money market Income line.} The Cash AGivily Summary is based on the activity chat has been shwvn on this statement, not what will be roporlod to ynu on }tour forms 1099. This statement lg not a tax document, and should be used tar Informational purposoa only. D m m m w T N I7~I 1 1,`[mY~p I1 1I1{{1I ~I~ ~~ ~ ~'M ~ ~ I~I ~ I ^ ~N 1I III ^ Y l~ ~ ~'ll I I~I~I aT 3 1 >E n 0 a c ~_ N N -~ m v 0 0 T r C1~ .V Ol D C fib m m m m fU 3 X m r N Q1 fU N • i~VACHC)VIA S~G'UHY']~i~S • ~ J 29,618 ~ A VILLAGE of 7EQUESTA PUBLIC SAFETY OFFICERS PENSION TRUST FUND Stf~ f 8ranr.Fr 1 Rep 1 Acooerri No. f GAP Axounl No, Oat 1 t:C 1 CC12 ~ 8582-4313f 9073225708 Page 3 of 3 ,~ 0 N Ju(y 1 -July 31, 2005 a Polrtfol~o Assets This section includes estimated or unrealized gat ns or losses for gout information only and should not be used for tax purposes, ]I acquisition iniorrrtation is not available, the geisfioes intorrnation may not be d isptayod and sectian and summary totals may not re11eG yrnrr rxranpleta porttalb, Cost bests infrrmation provided by the account ovmer is ntri veatfied by F rest Gearing, LLC and slmuld ndt ba celled upon for legal a lax purposes. bonds purchased at a premium or4,1.D. (Original Issue Oiaootnl} wit ba carried althe original cost basis. Factarod bonds{GNIAA, CMO, elc.~ wilt be adlusledforpaydohn of prittapal. Syslemapc investments In mutu~ twtdsand reinvested dividends for mutual iurtida and stoclks haws been consoNdaled for each position. Unit oust data tar eyalemalic inveslmonls and dividend roim~estmsnt saarntrec Is provided for irdormational purposes ardy and is s nonweighled a~rerage. To update your cast inior~mation or provide omitted oust intormadon, oonlact Your Financtal Advisor. Estimated Current Ydd on Money Merkel fimda, when available, reilede the current eslsnatsd yield [or Ute Interest Padod dales displayed. Estimated Annual Income, when availaMa, reRadls the estimated amourrt you would eam on a sectrrily if your current posltlon acrd tte related rntxrme remained constant for a year. EMimeted Annual Ylald, when avaiabla, rellecie the cumerrt eafimaiad annual intxrarua diwlded by Iha current value of the security as at the slalemeni cbsing date. the Information used UD derive these esttmales is oblalned from warlous oulalr~ vendors; FCC is not responwble iw Incorrect or missing estimated anrnral income and yields, Cash and thoney Market Funds Descrlpl+an Cash Total Cach and Money Market Funds C.lrrrenl market value Fat. ann. Incurne 59,273.58 59,273,58 Est to went Curious how your aeouritiea ere poriortni ng? The ^Utrealized Gainfloss' autumn tells yar ha~v much each slack has increased or decreased In value since you purchasedil ~In earns cases, this is based on cast data supplied by you ar try an aAside sourto, which may nd be enenplete}. Revislona W this informotlon {beca+rse of corporate mergers, tenders, and other renrganrzsttans,fuv e~rttple} nosy be neosasary iron time to time. To update your cast Information orproaiide omitted costs, cantactYour Financial Adv~or. When information is available, lax Iola are marlted with an "L' to denote Long-term (shares held more than 1 year} or an "S" to denote Shori•tarm (shares held 9 year or less}. Expense Tracking Summary Cateaay This Pcrlod The Year Calepory Thls Penal Th'a Year Unspaclftad ll.tltt 21.419.44 Total ~O.t)e ; 21,41Y.44 '~ a x C N m n c m N f~71 m N m N m 4 D G7 m Thanlt you for allowing Wachovla Securities, LLG to serve you. I[ you have any questtans regarding your account o r this siatemeni, please contact your ~inanclal Advisor. O T Off 145573r1D Wfi93T211S55~2BT13 h\NNNNNNNNr+NaKhShNtlnOtJ¢3 WACH(7lVIA. SECURITIES - .- _ ~ . VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS PENSION Quarterly Review for. Period Ended September 30, 2005 Northstar Capital Management Account Number 85820313 Investment Results Beginning Portfolio Value Net Cash Flow Invested Capital Ending Portfolio Value Investment Results Net Dollar Weighted Return $2,920,000 _ $2,190,000_° $1,460,000_ 5730,000 _ $0_ 5730,000 = Current Quarter 06/30/OS - 09/30/05 $9,273 ($150) $9,123 $9,123 $0 0.0 Year to Date 12/31/04 - 09/30/05 $2,594,857 ( $2,410,988 ) $183,869 $9,123 ( $174,746 ) -15.9 One Year 09/30/04 - 09/30/05 $2,402,490 ( $2,368,712 ) Since Inception 04/28/03 - 09/30/05 $1,695,755 ( $1,958,526 ) $33,778 ($262,771 ) $9,123 $9,123 ( $24,655) $271,894 -1.8 % 6.8 Invested Capital vs. Your Portfolio ~ ------ (Idl~All1'2 _T.~~_na e-.. ni r__ n~ - -~ -- --- -- •._-~ -~ ~..,.-.a .acp-.rte a,cc-we tvlar-VJ Jutl-VJ Jep-US - - -Invested Capital Your Portfolio Page Explanation: ' The investment returns provided on the top half of this page are dollar weighted. These returns reflect your decisions to contribute assets to or withdraw assets from the portfolio and aze calculated after the deduction of program fees. For results that allow you to evaluate the performance of your portfolio, independent of the timing of your funding decisions, please refer to the time weighted performance returns on the foAowing pages. The Invested Capital vs. Your Portfolio chart above depicts how your axount's value has grown in relation to your out of pocket investment, adjusted for any contributions or withdrawals. Returns aze annualized for time periods greater than one year. Program fees charged to the portfolio are not considered withdrawals and are not included in this illustration. Please refer to the "Glossazy and Index Description" page for an explanation of "Invested Capital". ~ ~ ,~__ ~ ~ Page 2 of 10 WACHOVIA SECURITIES VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS PENSION Quarterly Review for Period Ended. September 30, 2005 Northstar Capital Management Account Number 85820313 Portfolio History Annual Rate of Return Ending Market Net Cash Your Portfolio Rate of Return *Primary Benchmark Rate of Return *Secondary Benchmark Rate of Return Period Value Contributions Withdrawals Flow (%) (%) (%) Q4~~C244~ $'1;65,755 ' ,.,: :. ~ ! '' ' ' 2003 ** X41(14 '~ $2 085,544 ' ~' ' ,,,, $226 482 ( $22,130) ,: ,, ," ,. „ $204,352 .,. ~ 10 4 ' , .r„ ,,.,,, , ,,,,, „ 23 8 " , ,,.,.,., 22.8 2005 ** S7 : $~5'~4,8 $9 123 >: $x.14;277 $353 821 (3G6;167 ):! ($2 764 809 528,11'4 ($2 410 988 '' 11,fi>', ,.._ ~ I1 4° ' " " ' 1Q"~ ' "' , , , , ) , , -6.7 4.1 2.8 Quarterly Rate of Return Your Portfolio *Primary Benchmark *Secondary Benchmark Ending Market Net Cash Rate of Return Rate of Return Rate of Return Period Value _Contributions Withdrawals Flow (%) (°/,) (y°) 4th Quarter 2004 $2,594,857 $61,286 ($1 ~ ,,.__ ,SQL ~7l8 _.:. _ ....... , 2nd Quarter 2005 $9,273 $303,644 ($2,74 3rd Qiua~t~r :~f105. 59,12 '... „" 6.2 _ 9 8 9.2 ~;,., ................................ 2.1 ... 1.4 -2.2 ,., * Account Primary Benchmark consists of: Russell 1000 * Account Secondary Benchmark consists of: S&P 500 * * Denotes a partial time period. The indexes displayed are calculated starting from the end of the month of inception. Page Explanatioe: This exhibit illustrates the portfolio's inception date and value, ending mazket values, contributions, withdrawals, and rates of returns for your portfolio and your Primary Benchmark. Withdrawals exclude program fees, and ending market values are shown after the deduction of program fees. Returns in this exhibit are gross time-weighted and are annualized for time periods greater than one yeaz. All index returns are unmanaged, include the reinvestment of income, and do not include the deduction of fees. .~ ~ Page 4 of 10 wAlcxovrA SECU~TIES ~ .. _ - VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS PENSION Quarterly Review for Period Ended September 30, 2005 Northstar Capital Management Account Number $5820313 Equity Holding Summary Total Equity 0.0 $0 Cash Equity 0.0 $0 100.0 $9,124 Sector Allocation Total Account 100.0 $9,124 o% _. Page Explanation: The exhibit above provides you with a complete overview of your portfolio holdings as of the end of this reporting period. The exhibit classifies your portfolio's current holdings by Economic Sector and details your Lazgest Holdings. Both the Sector Allocation and Largest Holdings information represent the diversification of your portfolio relative to the stated Economic Sectors. ~ ~ Page 6 of 10 WACHOVIA SE(7LTRITIES VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS PENSION Quarterly Review .for Period Ended September 30, 2005 Northstar Capital Management Account Number 85820313 Glossary and Index Description Accrued Income - The interest earned but not received at both the beginning and end of each reporting period. It is important to include accrued income in portfolio valuations and performance measurement, pazticulazly for bond portfolios where income is the primary determinant of the portfolio return. Annualized Return - The average annual rate of return achieved by the portfolio or index. This return should not be used for periods less than one year. Current Yield - Is derived by dividing the estimated annual income by the current value of the security. Dollar-Weighted Rate of Return - A measure of the portfolio's rate of growth in total dollar value. Provides an indication of the performance of the individual total portfolio. A dollaz-weighted return reflects both the timing and magnitude of cash flows to and from the portfolio and, as a result, should not be used to measure the performance of the investment manager. Economic Sector - The Standard & Poor's Corp. has classified 10 discrete industries, as well as an "other' category. These 11 "sectors" represent all aspects of the nature of the securities in the economy and can be used to evaluate your asset allocation. Estimated Annual Income - Is based upon the dividend or interest expected to be received annually. Invested Capital - A portfolio's value at the beginning of a stated time period plus contributions and/or less withdrawals. Standard Deviation - A statistical measure of risk reflecting the extent to which rates of return for a portfolio or index may vary from period to period and gauges the dispersion on monthly returns azound the average return. The larger the Standard Deviation, the greater the range of possible returns and, therefore, the more risky the portfolio or index. Time-Weighted Rate of Return - A measure of the investment performance of the investment manager, independent of the timing and magnitude of contributions to or withdrawals from the portfolio. This method allows the evaluation of the investment manager to be based solely on his/her performance since it eliminates the effect of factors that are not under the manager's control (that is, cash flows). This is the most appropriate figure to compare the account performance to comparative indexes and other investment managers. Consumer Price Index (CPI) - A measure of the average change in prices over time; determined by the movement in cost for basic goods and services. It is calculated by the Bureau of Labor Statistics and published monthly. Due to a late publishing date each month, the index number provided always includes an estimated return for the prior month. Lehman Brothers Government/Credit Intermediate Bond Index - Composed of all bonds [hat are investment grade (rated Baa or higher by Moody's or BBB or higher by SBtP, if unrated by Moody's) with maturities between 1 and 9.99 years. Issues must have at least one year to maturity. Total return comprises price appreciation/depreciation and income as a percentage of the original investment. The index is rebalanced monthly by market capitalization. MSCI EAFE - A Morgan Stanley Capital International market value-weighted average of the performance of over 900 securities from Europe, Australia and the Faz East. Russell 1000 Index - This large-capitalization (mazket-oriented) index consists of the 1,000 lazgest securities on the Russell 3000 Index and represents the universe of stocks from which most active money managers typically select. Russell 2000 Index - Consists of the smallest 2,000 securities in the Russell 3000 Index. This is the Frank Russell Company's small-capitalization index that is widely regarded in the industry as the premier measure of small-capitalization stocks. Contiiwed ae the nsxt nags Page 8 of IO WACHOVIA SECURITIES _ VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS PENSION Northstar Capital Management Important Disclosures Quarterly Review for Period Ended September 30, 2005 Account Number 85820313 It is our privilege to have you as an investor in our program. Your first quarterly performance review is provided after your account has been actively managed for a full month. Total market values are calculated on a trade date basis; fixed income includes accruals. Prices in this report are obtained from various quotation services, which we believe to be reliable. However, we cannot guarantee their accuracy. Such prices are based on the closing prices for listed securities, or the bid price for unlisted securities, at month end. If your portfolio is invested in fixed income instruments, pricing information contained in this monitor is based upon the assumption securities held in your account will be bunched with client accounts for purchase and sale purposes. There can be no assurance that such prices will be attained in instances where orders are not bunched. If month-end market prices aze not available, municipal and other debt security valuations may be based upon the values of similaz issues. These prices do not necessarily represent the prices at which those securities could have been bought or sold. Securities in this account art subject to change. Price fluctuations may affect the performance information provided. To ensure consistency with the calculations of your comparative indexes, performance measurement starts at the end of the month in which you made your initial investment. Performance returns are annualized for periods greater than one year unless indicated. Indexes are presented to provide you with an understanding of their historic long-term performance, not to illustrate the performance of any security. Please note that index returns do not reflect transaction cost. An actual investment in the securities comprising an index would require an investor to incur transaction costs, with a consequent reduction in performance. Past performance is not indicative of future results. The MSCI information may only be used for your internal use, may not be reproduced or redisseminated in any form and may not be used to create any financial instruments or products or any indices. The MSCI information is provided on an "as is" basis and the user of this information assumes the entire risk of any use made of this information. MSCI, each of its affiliates and each other person involved in or related to compiling, computing or creating any MSCI information (collectively, the "MSCI Parties") expressly disclaims all warranties ('including, without limitation, any warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability~d fitness for a particular purpose) with respect to this information. Without limiting any of the foregoing, in no event shall any MSCI Party have any liability for any detect, indirect, special, incidental, punitive, consequential ('including, without limitation, lost profits) or any other damages. Please contact your Financial Advisor if there have been any changes in your financial situation or investment objectives, or if you wish to impose any reasonable restrictions on the management of your account or reasonably modify existing restrictions. The Wachovia Securities Investment Consulting Advisory Services Disclosure Document is available without charge upon request. Please contact your Financial Advisor to receive a copy of these documents, Wachovia Securities, LLC, member NYSE & SIPC For terms and definitions, please refer to the Glossary and Index Description page in this monitor. Information contained herein is based on data obtained fl~om recognized statistics services, issuer reports, communications, or other murces believed to be reliable. However, we cannot make any rcpreamtation as to its accuracy or completeness. Any statements non factual is nature constitute only current opinions, which are subject to change. • 10 of 10 WACHOVIA SECURITIES Your Financial Advisor. Your Managed Program: FRED P KENNEY NETWORK 3 H S 9 P ALM BEACHGARDENS FL 33410 NORT TAR ASSET MANAGEMENT 561-624-5199 / 888-246-7564 Your S e: DOMEST EQUITY ALL CAP CORE Copies of this statement have been sent to an interested party. Please contact Your Finandal Advisor for details. For Banking Inquiries: En Espanol: 00 COMMAND (800) 326-8977 ~800~266-6263 Command Asset Program 28.53 VILLA F TEQUESTA Page 1 of3 PUBLIC SAFETY OFFICERS PENSION TRUST FUND ACCOUNT STATEMENT Sub /Branch /Rep /Account No. /CAP Account No. 001 / CC / CC12 /8582-0313 / 9075225708 August 1 -August 31, 2005 Portfolio Summary Portfolio AssB1s Est. Ann. 9~ Total Total Value Comparison Asset Alktcation (Portfolio Assets) Cash and Money Market ~~°~/Loss Summary ~d GaiNLoss This Period Year to Date ~rrn $0.00 - $10 322.34 arm $0.00 $25,803.35 lealized GaiNloss $0.00 575,481.01 ized GaiNLoss Current ~rrn $0.00 arm $0.00 Inrealized GaiNLoss $0.00 09104 10/04 11/04 12/04 01/05 02!05 03105 04/05 05/05 06/05 07/05 06105 These positions reflect purchases made through us or information supplied to us; they are displayed for informational purposes only. If you no longer own any of these investments, please tell us so we can up~ate this section. These assets are not induded in the net portfolio value, and are not protected by SIPC. • • Command Asset Program • 28.53e VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS PENSION TRUST FUND Sub /Branch /Rep /Account No. /CAP Account No. 001 / CC / CC12 / 8582-0313 / 9075225708 Page 2 of 3 August 1 -August 31, 2005 Investment Objective/Risk Tolerance: GROWTH + MODERATE Additional Information Available Funds Cash 9,273.58 Money Market 0.00 Available Margin p 00 Total Funds Available $9,273.58 Sweep Option EVERGREEN US GOVERNMENT MONEY MARKET FUND CL S1 "Available Margin" reflects the approximate amount available as of the statement period ending date and should be reduced by any pending checks and Visa charges not yet cleared. This amount is the approximate amount available for withdrawal and loans. A margin loan is a variable rate loan secured by your account. Income Summary Tax-Exempt Income Year-to-Date: $0.00 Dther Income Year-to-Date: $19,918.43 Tax-exempt income and. other income year-to-date totals aze taken from the tax reporting system. They may not match back to the activity summary due to reclassification activity. Money market ncome can be either taxable or tax exempt and is not reflected in either of these totals. The YTD Money market income is displayed In the Cash Activity Summary. (Money market income from FDIC funds is shown in the Interest line of the Cash Activity Summary, not the Moneyy market income line.) The Cash Activity Summary is based on the activity that has been shown on this statement, not what mill be reported to you on your fortes 1099. This statement is not a tax document, and should be used for informational purposes only. II~NI~IIN~IIII~~In~~I~Nll~lllllllllll~ Cash Activity Summary Total Cash and Money Market Funds on July 31 • S9 273 58 Credits Debits Year to Date Securities Purchased $0 00 $0 00 - $245 721 25 Securities Sold and Redeemed $0.00 $0 00 $235 563 82 Deposits and Withdrawals $0 00 $0 00 $79 000 95 Withdrawals by Check $0.00 $0 00 - $21 41944 ATM and CheckCard Activi ty $0 00 $0 00 - $274 800 73 Dividends $0 00 $0 00 $2 714 68 Interest $0 00 $0 00 $17 203 75 Money Market Income $0 00 $0 00 $945 54 Short-term Distributions $0 00 $0 00 $0 00 Lonp-term Distributions $0 00 $0 00 $0 00 Retum of Principal $0 00 $0 00 $0 00 Partnership Distributions $0 00 $0 00 $0 00 Interest Charged $0 00 $0 00 $0 00 Withholdino $0 00 $0 00 $0 00 Ottter Activity $0 00 $0 00 - $125 00 Total Activity $0 00 $0 00 Total Cash and Money Market Funds on Aug 31: $9,273.58 ',~} .' • WACHOVIA SECURITIES VILLA~OF TEQUESTA PUBLIC SAFETY OFFICERS PENSION TRUST FUND Sub /Branch /Rep /Account No. /CAP Account No. 001 / CC / CC12 /8582-031319075225708 Portfolio Assets 28,539 • .,: Page 3 of 3 ACCOUNT STATEMENT August 1 -August 31, 2005 This section includes estimated or unrealized gains or losses for your information only and should not be used for tax purposes. ff acquisition information is not available, the gain loss information may not be displayed and section and summary totals may not reflect your complete portfolio. Cost basis information provided by the account owner is not verified by First Clearing, LLC and should trot be relied upon for legal or tax purposes. Bonds purchased at a premium or O.I.D. (Original issue Discount) will be carried at the original cost basis. Factored bonds (GNMA, CMO, etc.) will be adjusted for paydown of principal Systhmatic irnrostrnents in mutual funds and reinvested dividends for mutual funds and stock have been consolidated for each position. Unit cost data for systematic investments and dividend reirnestment securities is provided for Irlforrrratbnal purposes only and is anon-weighted average. To update your cost information or provide omitted cost information, contact Your Financial Advisor. Estimated CuRentYleld on Money Marl~t funds, when available, reflects the currentestima~d yield for the Interest Period dates displayed. Estimated Annual Income, when available, reflects the estimated amount you would eam on a security'rf your cunentposition and its related income remained constant for a year. Estimated Annual Yleid, when available, reflects the current estimated annual income divided by the current value of the security as of the statement cbsing date. The information used th derive these estimates is obtained from various outside vendors; FCC is not responsible for incorrector missing estimated annual income and yields. Cash and Money Market Funds Est current Description Gurrent market value Est, ann. income yield( ) Cash $9,273.58 Total Cash and Money Market Funds 59,273.58 Curious how your securities are performing? The "Unrealized Gain/Loss" column tells you how much each stock has increased or decreased in value since you purchased it pn some cases, this is based on wst data supplied by you or by an outside source, which may not be complete). Revisions in this information (because of corporate mergers, thnders, and other reorganaations, for example) may be necessary from time to time. To update your cost information or provide omitted costs, contact Your Financial Advisor. When information is available, tax bis are marked with an "L" m denote Long-term (shares held more than 1 year) or an "S" >n denote Short-term (shares held 1 year or less). Expense Tracking Summary Category This Period This Year Unspecified 0.00 21,419.44 Category This Period This Year Total 50.00 S 21,419.44 Thank you for albwing Mfachovia Securities, LLC to serve you, tf yvu have any questions regarding your account or this statement, please contact your Financial Advisor. YVSS24R.D 045816 244192051224 NNNNN NNNNN NNNNNNNN 000006 • WACHOVIA SECL7RITIES Your Financial Advisor: Your Managed Program: FRED P KENNEY NETWORK 3399 PGA BLVD, STE a00 Your Manager: PALM BEACH GARDENS FL 33410 NORTH STAR ASSET MANAGEMENT 561-624-5199 / 888-246-7564 -Your Style: DOA4EST C EQUITY ALL CAP CORE Copies of this statement have bean sent to an interested party. Please contact Your Financial Advisor for details. For Banking Inquiries: En Espanol: 1800) COMMAND (800y 326-8977 X800, 266-6263 Portfolio Summary Command Asset Program • 47,32, VILLA~F TEQUESTA Page 1 of3 PUBLIC SAFETY OFFICERS PENSION TRUST FUND ACCOUNT STATEMENT Sub 1 Branch /Rep /Account No. /CAP Account No. 001 / CC / CC12 / 8582-0313 / 9075225708 Total Vaiue Comparison September 1 -September 30, 2005 Asset Allocation (Portfolio Assets) Cash and Money Market Gain/Loss Summary Realized GaiNLoss This Period Year to Date Short-term $0.00 - $10 322 34 Long-term $0.00 $25 803.35 Total Realized GaiNLoss $0.00 $15,481.01 Unrealized Gain/Loss Current Short-term $0.00 Lonca-term $0.00 Total Unrealized Gain/Loss $0.00 WSS24FLD 057265 274172636224 NNYNY NNNNN NNNNNNNN 000005 iN04 11/04 12104 01/05 02105 0305 04!05 05105 06/05 07105 08x05 09!05 OtherAssets/Liabilities These positions reflect purchases made through us or information supplied to us; they are displayed for informational purposes only. If you no longer own any of these investments, please tell, us so we can update this section. These assets are not included in the net portfolio value, and are not protected by SIPC. Portfolio Assets Est. Ann. % Total • • Command Asset Program ~ 4,322 VILLAGE OF TEQUESTA Page 2 of 3 PUBLIC SAFETY OFFICERS PENSION TRUST FUND Sub / Branch /Rep /Account No. /CAP Account No. 001 / CC / CC12 / 8582-0313 / 9075225708 September 1 -September 30, 2005 Investment ObjectivelRisk Tolerance: GROWTH + MODERATE Additional Information Available Funds Cash 9,123.58 Money Market 0.00 Available Margin 0.00 Total Funds Available $9,123.58 Sweep Option EVERGREEN US GOVERNMENT MONEY MARKET FUND CL S1 "Available Margin' reflects the approximate amount available as of the statement period ending date and should be reduced by any pending checks and Visa chargges not yet cleared. This amount is the approximate amount available for withdrawal and loans. A margin loan is a variable rate loan secured by your account. Income Summary Tax-Exempt Income Year-to-Date: Other Income Year-to-Date: $0.00 $19,918.43 Tax-exempt income and other income year-to-date totals are taken from the tax reporting system. They may not match back to the activity summary due to reclassification activity. Money market income can be either taxable or tax exempt and is not reflected in either of these totals. The YTD Money market income is displayed in the Cash Activity Summary. (Money market income from FDIC funds is shown in the Interest line of the Cash Activity Summary, not the Money market income line.) The Cash Activity Summary is based on the activity that has bean shown on this statement, not what will be reported to you on your forms 1099. This statement is not a tax document, and should be used for informational purposes only. Cash Activity Summary Total Cash and Money Market Funds on Aug 31 • $9 273.58 Credits Debits Year to Date Securities Purchased $0 00 $0.00 - $245,721.25 Securities Sold and Redeemed $0.00 $0.00 $235,563.82 Deposits and Withdrawals $0 00 - $150.00 $78,850.95 Withdrawals by Check $0.00 $0.00 - $21,419.44 ATM and CheckCard Activi ty $0.00 $0.00 - $274,800.73 Dividends $0.00 $0.00 $2,714.68 Interest $0.00 $0.00 $17,203.75 Money Market Income $0 00 $0.00 $945_54 Short-term Distributions $0.00 $0.00 $0.00 Long-term Distributions $0.00 $0.00 $0.00 Return of Principal $0.00 $0.00 $0.00 Partnership Distributions $0.00 $0.00 $0.00 Interest Charged $0 00 $0.00 $0.00 Withholding $0.00 $0.00 $0.00 Other Activity $0 00 $0.00 - $125.00 Total Activity $0.00 - $150.00 Total Cash and Money Market Funds on Sept 30: $9,123.58 • • 47,31 WACHOVIA SECURITIES VILLAGE OF TEQUESTA PUBLIC SAFETY OFFICERS PENSION TRUST FUND Sub /Branch /Rep !Account No. /CAP Account No. 001 / CC / CC12 / 8582-0313 / 9075225708 Portfolio Assets Page 3 of 3 ACCOUNT STATEMENT September 1 -September 30, 2005 This section includes estimated or unrealized gains or losses for your information only and should not be used for tax purposes. If acquisition information is not available, the gain/bss information may not be displayed and section and summary totals may not reflect your complete portfolio. Cost basis information provided by the account owner is not verified by First Clearing, LLC and should not be relied upon for legal or tax purposes. Bonds purchasedat a premium or O.I.D. (Original Issue Discount) will be carried at the original cost basis. Factored bonds (GNMA, CMO, etc.) will be adjusted for paydown of principal. Systematic investments in mutual funds and reinvested dividends for mutual funds and stocks have been consolidated for each position, Unit cost data for systematic investments and dividend reinvestment securities is provided for informational purposes only and is anon-weighted average. To update your cost information or provide omitted cost information, contact Your Financia! Advisor. Estimated Current Yield on Money Market funds, when available, reflects the current estimated yield for the Interest Period dates displayed. Estimated Annual Income, when available, reflects the estimated amount you would earn on a security if your currentposition and its related income remained constant for a year. Estimated Annual Yield, when available, reflects the current estimated annual income divided by the current value of the security as of the statement closing date. The information used to derive these estimates is obtained from various outside vendors; FCC is not responsible for incorrector missing estimated annual income and yields. Cash and Money Market Funds Est current Description Current market value Est. ann. income yield(%) Cash $9,123.58 Total Cash and Money Market Funds $9,123.58 Curious how your securities are performing? The "Unrealized Gain/Loss" column tells you how much each stock has increased or decreased in value since you purchased it (in some rases, this is based on cost data supplied by you or by an outside source, which may not be complete). Revisions to this information (because of corporate mergers, tenders, and other reorganizations, for example) may be necessary from time to tirt>e. To update your cost information or provide omitted costs. contact Your Financial Advisor. When information is available, tax lots are marked with an "L" to denote Long-term (shares held more than 1 year) or an "S" to denote Short-term (shares held 1 year or less), Activity Detail Deposits and Withdrawals Date Account 09/26 Cash Transaction WITHDRAWAL Description DEBIT MEMO Total Deposits and Withdrawals Amoun -$150.0( - $150.0( Expense Tracking Summary Category This Period This Year Unspecified 0.00 21,419.44 Category This Period This Year Total $0.00 $ 21,419.44 Thank you for allowing Wachovia Securities, LLC to serve you. If you have any questions regarding your account or this statement, please contact your Financial Advisor. WSS24FLD 057265 274172636224 NNYNY NNNNN NNNNNNNN 000006 SALEM TR~ COMPANY Statement of Account August 1, 2005 Through August 31, 2005 Salem Trust Company As Custodian For Tequesta Public Safety Pension Fund Village Of Tequesta Attn: Jody Forsythe Account Number :80103784 ACCOUNT EXECUTIVE Bradley K. Rinsem 954-426-5772 ACCOUNT MANAGER Karen Russo/Julie Clark 954-426-5770 Confidential And Privileged Information ~~~~ i ~FR~S ~~/ Village Of Tequesta Attn: Gwen Carlisle 250 Tequesta Dr., Ste. 300 Tequesta, FL 33469-0273 • • Account Name : Tequesta Public Safety August 01, 2005 To A~ust 31, 2005 • Account No :80103784 Net Asset Summary Beginning Cost Basis 08/01/2005 3 2,528,892.79 1.0 Summary Of Receipts 1.1 Cash Contributions 43,964.79 1.2 - 1.4 Earnings from Investments 8, 682.82 Totat Receipts 52,847.61 2.0 Summary Of D/sbursements 2.1 Distribution Of Benefits _17 79b 91 2.2 Other Distributions 0.00 2.3 Administration Expenses 0.00 2.4 Other Expenses -1,873.40 Total Disbursements -19,659.31 3.0 Changes /n Net Assets 3.1 Unrealized Gain (Loss) 135,314, 74 3.2 - 3.3 Changes In Investments 0.00 3.4 Gain (Loss) On Sale of Assets Aggregate Proceeds .102,137.52 Less: Aggregate Carry Value (Market Value) 99,484.91 Total GafnlLoss 2,652.61 3.5 Accrued Income -Interest 9,334.89 3.6 Accrued Income -Dividend 2, 595.35 Total Accrued Income 11,930.24 Less: Prior Accrued Income 11,643.70 Total Changes In Net Assets 138,253.89 Net Assets Ending 08/31/2005 S 2,700,124.98 E8R4NAS-Net Asset Summary Page 2 August 01, 2005 Taust 31, 2005 • • Account Name : Tequesta Public Safety Account No :80103784 Changes In Investments EBR4CIA-Changes inlnvestments Investments Acquired Cost Basis Goldman Sachs Treasury Obligations Fd 94,045.77 The Amount Shown Is The Net Of Deposits For The Entire Period Seagate Technology Purchased 2165 Shares At 18.95 Per Share Trade Date :08/05/2005 Settlement Date :08/10/2005 41,070.05 Tota! Investments Acquired 135,115.82 EBR4C/A-Changes in Investments Page 3 • Account Name : Tequesta Public Safety Changes In Investments Other Changes August 01, 2005 To A~ .ISt 31, 2005 • Account No :80103784 EBR4CIA-Changes in Investments Cost Basis 08/18/2005 Sprint Nextel Corp Received 1580 To reflect name change from Sprint Corp to Sprint Nextel Corp effective 08/15/05 08/18/2005 Sprint Corp Delivered 1580 To reflect name change from Sprint Corp to Sprint Nextel Corp effective 08/15/05 Tota! Other Changes 36,357.85 -36,357.85 0.00 EBR4CIA-Chang'ea In Investments Page 4 Account Name : Tequesta Public Safety August 01, 2005 To~st 31, 2005 • Account No :80103784 Earnings From Investments Interest E8R4EFI-Eamingsfrominvestments U S Treasury Note 6.000% 08/15/09 08/15/2005 Rate 3 Payable 08/15/2005 On 70000.00 Par 2,100.00 2,100.00 U S Treasury Note 3.125% 01/31/07 08/01/2005 Rate 1.5625 Payable 01/31/2006 On 40000.00 Par 625.00 625.00 U S Treasury Note 4.000% 02/15/15 08/15/2005 Rate 2 Payable 08/15/2005 On 45000.00 Par 900.00 900.00 FHLB Series UD09 5.250% 02/13/09 08/15/2005 Rate 2.625 Payable 08/15/2005 On 25000.00 Par 656.25 658.25 GNMA Pass Thru Pool #599190 6.000% 03/15/35 08!16/2005 Rate 0.5 Payable 08!15/2005 On 99634.70 Par 498.17 498.17 GNMA Pass Thru Pool #640208 6.500% 03/15/35 08/16/2005 Rate 0.54166667 Payable 08/15/2005 On 129841.49 Par 703.31 703.31 GNMA Pass Thru Pool #640896 7.000% 04/15/35 08/16/2005 Rate 0.58333333 Payable 08/15/2005 On 119644.08 Par 697.92 897.92 GNMA Pass Thru Pool #641273 4.500% 04/15/35 08/16/2005 Rate 0.375 Payable 08/15/2005 On 79591.20 Par 298.47 298.47 Goldman Sachs Treasury Obligations Fd 08/03/2005 56.92 E8R4EFl-Earnings from Investments Page 5 • • August 01, 2005 To A~st 31, 2005 Account Name : Tequesta Public Safety Earnings From Investments Interest Account No :80103784 EBR4EFI-Earnings from Investments ~Tota! Interest 56.92 6,536.04 EBR4EF1-Eaminps from Investrnents Pape B • Account Name : Tequesta Public Safety Earnings From Investments Dividends Abbott Laboratories 08/29/2005 725 Shares At 0.275 Per Share Apache Corp 08/22/2005 620 Shares At 0.08 Per Share Apartment Invt & Mgmt Co -A 08/31/2005 970 Shares At 0.6 Per Share Bunge Limited 08/31/2005 700 Shares At 0.15 Per Share Caterpillar Inc 08/19/2005 800 Shares At 0.25 Per Share Deere & Co 08/01 /2005 560 Shares At 0.31 Per Share August 01, 2005 To~st 31, 2005 199.38 49.60 582.00 105.00 200.00 173.60 • Account No :80103784 EBR4EFI-Earnings from Investments 199.38 49.60 582.00 105.00 200.00 173.60 Graco Inc 08/03/2005 980 Shares At 0.13 Per Share 127.40 127.40 Landstar System Inc 08/31/2005 1100 Shares At 0.025 Per Share 27.50 27.50 Lennar Corp 08/15/2005 600 Shares At 0.1375 Per Share 82.50 82.50 E8R4EF/-Earnings from Investments Page 7 • Account Name : Tequesta Public Safety Earnings From Investments Dividends Mdc Holdings Inc Com 08/24/2005 500 Shares At 0.18 Per Share Schering-Plough Corp 08/30/2005 1760 Shares At 0.055 Per Share Simon Property Group inc Com 08131/2005 590 Shares At 0.7 Per Share Total Dividend Au ust 01 2005 To A• t 31, 2005 g ~ 9 • Account No :80103784 EBR4EFI-Earnings from Investments so.oo 90.00 96.80 96.80 413.00 413.00 2,146.78 EBR4EF1-Eamings from Invesbnents Page 8 • Account Name : Tequesta Public Safety Earnings From Investments Pooled Funds Tota! Earnings Paid August 01, 2005 To~st 31, 2005 No Data Qualifies C~ Account No :80103784 EBR4EFI-Eamings from Investments 8,682.82 EBR4EF1-Eamings hom Investrnents Page 8 • Account Name : Tequesta Public Safety Earnings .From Investments Accrued Income -Interest August 01, 2005 To A~st 31, 2005 • Account No :80103784 FHLMC 3.500% 09/15/07 50000 Par Value At 0.035 Par 806.94 U S Treasury Note 3.000% 11/15/07 100000 Par Value At 0.03 Par 880.43 FNMA 5.500% 03/15/11 105000 Par Value At 0.055 Par 2,662.92 U S Treasury Note 3.125% 01/31/07 40000 Par Value At 0.03125 Par 105.30 U S Treasury Note 4.000% 02/15/15 45000 Par Value At 0.04 Par 78.26 U S Treasury Note 2.500% 09/30/06 40000 Par Value At 0.025 Par 418.03 FHLB 4.700% 10/04/11 50000 -Par Value At 0.047 Par 959.58 FHLB Series UD09 5.250% 02/13/09 25000 Par Value At 0.0525 Par 58.33 FHLB Series X209 4.100% 03/30/09 50000 Par Value At 0.041 Par 859.86 GNMA Pass Thru Pool #599190 6.000% 03/15/35 99542.13 Par Value At 0.06 Par 497.71 GNMA Pass Thru Pool #640208 6.500% 03/15/35 129719.01 Par Value At 0.065 Par 702.64 EBR4AE1-Accrued Earnings Page 10 August 01, 2005 To~st 31, 2005 • Account Nam• uesta Public Safe Account No :80103784 4 tY Earnings From Investments Accrued Income -Interest GNMA Pass Thru Pool #640896 7.000% 04/15!35 119264.62 Par Value At 0.07 Par 695.71 GNMA Pass Thru Pool #641273 4.500% 04/15/35 79484.56 Par Value At 0.045 Par 298.07 Goldman Sachs Treasury Obligations Fd 93144.78 Par Value At 0.0311 Par 128.50 U S Treasury Note 6.000% 08/15/09 70000 Par Value At 0.06 Par ~ 182.61 Accrued Income -Interest 9,334.89 EBR4AEl-Accrued Eamings P88e ~~ Account Name : Tequesta Public Safety August 01, 2005 To• st 31, 2005 • Account No :80103784 Earnings From Investments Accrued Income -Dividends EI Paso Corp 3540 Shares At 0.04 Per Share 141.60 Halliburton Co 840 Shares At 0.125 Per Share 105.00 PG&ECorp 1050 Shares At 0.3 Per Share 315.00 Boeing Co 620 Shares At 0.25 Per Share 155.00 Rockwell Collins Inc 780 Shares At 0.12 Per Share 93.60 Murphy Oil Corp 740 Shares At 0.1125 Per Share 83.25 Dow Chemical 800 Shares At 0.335 Per Share 268.00 Sold 08/16/2005 Lockheed Martin Corp 610 Shares At 0.25 Per Share 152.50 Sprint Corp 1580 Shares At 0.125 Per Share 197.50 Sold 08/18/2005 Carnival Corp 730 Shares At 0.2 Per Share 146.00 Entergy Corp 500 Shares At 0.54 Per Share 270.00 EBR4AEl-Accrued Eamings Page 12 August 01, 2005 To ~st 31, 2005 • • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Income -Dividends Duke Energy Corp 1210 Shares At 0.31 Per Share CenterPoint Energy Inc 3090 Shares At 0.07 Per Share Loews Corp 510 Shares At 0.15 Per Share Accrued Income -Dividends Tota! Accrued Income 375.10 216.30 76.50 2,595.35 11,930.24 EBR4AE1-Accrued Earnings Page 13 • Account Name : Tequesta Public Safety Investment Summary August 01, 2005 To A~ ust 31, 2005 Beginning Of Period 0.00 26,472.41 26,472.41 1,032,195.63 1,458,581.05 2,490,776.68 Cash Cash Short Term Investments Total Cash Investments U S Government Corporate Debt 8~ Equity Total Investments Total Unrealized Gain/Loss Changes In Invesment -Other Total Changes In Investments Realized Gain/Loss On Sales Proceeds Less: Aggregate Carry Value (Market Value) Total Realized Gain/Loss On Sales Accrued Income Accrued Income Less: Prior Accrued Income Net Period Accruals Investment Summary Total Total Changes In Net Assets • Account No :80103784 Ending Investment Of Period Change 0.00 93,144.78 93,144.78 0.00 1,025,980.66 -5,477.14 1, 569,069.30 140,791.88 2,595,049.96 135,314.74 0.00 102,137.52 99,484.91 2,652.61 11,643.70 11,930.24 11,930.24 11,643.70 11,643.70 11,930.24 286.54 $ 2,528,892.79 S 2,700,124.98 E 138,253.89 ' EBR4S01-Investment Summary Pa8'e t 4 August 01, 2005 T~ust 31, 2005 • • Account Name : Tequesta Public Safety Account No :80103784 Summary of Receipts 1.1 Contributions Employer Contributions 34,503.34 Employee Contributions 9,461.45 Other Contributions 0.00 Total Earnings From Investments 1.2 Interest 6,536.04 1.3 Dividends 2,146.78 1.4 Pooled Funds 0.00 Total Total Receipts 43,964.79 8,882.82 S 52,647.61 EBR4SOR-Summary of Receipts Page 15 • • August 01, 2005 To Ai. ust 31, 2005 Account Name : Tequesta Public Safety Account No :80103784 Summary of Disbursements 2.1 Distribution Of Benefits Lump Sum Benefit Payment -17,795.91 Total -17,795.91 2.2 Other Distributions Total 0.00 2.3 Administration Expenses Fees And Commissions Total 0.00 2.4 Other Expenses Federal Withholding - STC -1,873.40 Total -1,873.40 Total Disbursements -19,669.31 EBR4SOD-Summary of Dlsbu-sement Page 18 August 01, 2005 To ~t 31, 2005 • • Account Name : Tequesta Public Safety Account No :80103784 Contributions Employer Contribution 08/03/2005 Employer Contribution For the payroll period ending 07/23/2005 08/18/2005 Employer Contribution PPE 08/06105 08/30/2005 Employer Contribution PPE 08/20/05 08/30/2005 Employer Contribution Total Employer Contribution Employee Contributions 08/03/2005 Employee Contributions For the payroll period ending 07/23/2005 08/18/2005 Employee Contributions PPE 08/06/05 08/30!2005 Employee Contributions PPE OS%20105 Total Employee Contributions Total Cash Contributions 4,971.94 5,094.14 4,999.20 19,438.06 3,123.49 3,204.60 3,133.36 EBR4COR-Contributions 8 Other Receipts 34,503.34 9,461.45 43,964.79 EBR4COR-Contributions 6 Other Receipts Page ~~ • August 01, 2005 To~ust 31, 2005 • Account Name : Tequesta Public Safety Other Receipts No Data Qualifies Account No :80103784 EBR4COR-Contributions 8 Other Receipts EBR<COR-Co~Mbutions d Other ReceJpts Pape 18 • August 01, 2005 Tt~ust 31, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Distribution Of Benefits EBR4DAE-Distribution 8 Expenses Lump Sum Benefit Payment 08/22/2005 To : Joseph Petrick -7,493.61 Gross amount $9,367.01 Withholding $1,873.40 08/22/2005 To ~ Michael Knapp -10,302.30 Gross Amount $12,877.88 Withholding $2,575.58 Check #800406 Total Lump Sum Benefit Payment -17,795.91 Total Distribution Of Benefits -17,795.91 EBRIDAE-Distribution 8 Expenses pyre ~g • August 01, 2005 To A~ust 31, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Other Disbursements EBR4DAE-Distribution 8 Expenses No Data Qualifies ee-z4oae-o~svrouuon 3 Expenaea Page 20 • August 01, 2005 To *st 31, 2005 • Account Name : Tequesta Public Safety Administrative Expenses No Data Qualifies Account No :80103784 EBR4DAE-Distribution 8 Expenses EBR4DAE-Distribution 8 Expenses Page 2J • Au ust 01, 2005 To A st 31, 2005 • 9 Account Name : Tequesta Public Safety Account No :80103784 Other Expenses Federal Withholding -STC 08/22/2005 To : Acct # 13950800 STC TEFRA (Federal Tax) W/H Account Paid For Joseph Petrick Total Federal Withholding -STC Total Other Expenses EBR4DAE•Distribution 8 Expenses -1,873.40 -1,873.40 -1,873.40 EBRIDAE-Dlstributlon 8 Expenses Pape 22 • August 01, 2005 Trust 31, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal * * * Starting Balances * * * $ 0.00 $ 0.00 08/01/2005 Dividend 173.60 Payable On 08/01/2005 Deere & Co 560 Shares At 0.31 08/01 /2005 Interest 625.00 U S Treasury Note 3.125% 01/31/07 Payable On 01 /31 /2006 Received On 40000 Units 08/03/2005 Dividend 127.40 Payable On 08/03/2005 Graco Inc 980 Shares At 0.13 08/03/2005 Interest 56.92 Goldman Sachs Treasury Obligations Fd Payable On 07/31/2005 08/03/2005 Cash Receipt 3,123.49 Employee Contributions For the payroll period ending 07/23/2005 08/03/2005 Cash Receipt 4,971.94 Employer Contribution For the payroll period ending 07/23/2005 08/15/2005 Dividend 82.50 Payable On 08/15/2005 Lennar Corp 600 Shares At 0.1375 08/15/2005 Interest 2,100.00 U S Treasury Note 6.000% 08/15/09 Payable On 08/15/2005 Received On 70000 Units LARGE FONT -Transactions (2 col) - NEWTRNH Page 23 • Account Name : Tequesta Public Safety August 01, 2005 To ~ust 31, 2005 • Account No :80103784 Transactions Date Description Income Principal 08/15/2005 Interest 900.00 U S Treasury Note 4.000% 02/15/15 Payable On 08/15/2005 Received On 45000 Units 08/15/2005 Interest 656.25 FHLB Series UD09 5.250% 02/13/09 Payable On 08/15/2005 Received On 25000 Units 08/16/2005 Purchased On 08/05/2005 2165 Units -41,070.05 Seagate Technology 2165 Units At $ 18.95 Per Unit Through BNY Brokerage 08/16/2005 Interest 498.17 GNMA Pass Thru Pool #599190 6.000% 03/15/35 Payable On 08/15/2005 Received On 99634.7 Units 08/16/2005 Mortgage Backed -GNMA Principal 379.46 On 08/15/2005 GNMA Pass Thru Pool #640896 7.000% 04/15/35 08/16/2005 Mortgage Backed -GNMA Interest 697.92 GNMA Pass Thru Pool #640896 7.000% 04/15/35 Payable On 08/15/2005 -- Received On 119644.08 Units Principal Balance Reduction of 379.460000 08/16/2005 Mortgage Backed -GNMA Principal 122.48 On 08/15/2005 GNMA Pass Thru Pool #640208 6.500% 03/15/35 08/16/2005 Mortgage Backed -GNMA Interest 703.31 GNMA Pass Thru Pool #640208 6.500% 03/15/35 Payable On 08/15/2005 Received On 129841.49 Units LARGE FONT -Transactions (2 col) - NEWTRNH page 2I • August 01, 2005 To ~st 31, 2005 Account Name : Tequesta Public Safety • Account No :80103784 Transactions Date Description Income Principal Principal Balance Reduction of 122.480000 08/16/2005 Mortgage Backed -GNMA Principal 106.64 On 08/15/2005 GNMA Pass Thru Pool #641273 4.500% 04/15/35 08/16/2005 Mortgage Backed -GNMA Interest 298,47 GNMA Pass Thru Pool #641273 4.500% 04/15/35 Payable On 08/15/2005 Received On 79591.2 Units Principal Balance Reduction of 106.640000 08/16/2005 Sold On 08/05/2005 1820 Units 35,899.45 Deutsche Telekom Ag-Spon Adr Com 1820 Units At $ 19.7458 Through Lynch Jones & Ryan 08/16/2005 Sold On 08/05/2005 800 Units 38,163.52 Dow Chemical 800 Units At $ 47.7264 Through Lynch Jones & Ryan 08/16/2005 Mortgage Backed -GNMA Principal 92.57 On 08/15/2005 GNMA Pass Thru Pool #599190 6.000% 03/15/35 08/18/2005 CUSIP/Name Change -Free Deliver Distributed -1580 Units Sprint Corp To reflect name change from Sprint Corp to Sprint Nextel Corp effective 08/15/05 08/18/2005 CUSIP/Name Change -Free Receipt 1580 Units Sprint Nextel Corp To reflect name change from Sprint Corp to Sprint Nextel Corp effective 08/15/05 08/18/2005 Cash Receipt 3,204.60 Employee Contributions PPE 08/06/05 LARGE FONT • Transactions (2 colt - NEWTRNH Page 25 • • August 01, 2005 To A• t 31, 2005 Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 08/18/2005 Cash Receipt 5,094.14 Employer Contribution PPE 08/06/05 08/19/2005 Dividend 200.00 Payable On 08/19/2005 Caterpillar Inc 800 Shares At 0.25 08/22/2005 Dividend 49.60 Payable On 08/22/2005 Apache Corp 620 Shares At 0.08 08/22/2005 Cash Disbursement -7,493.61 Lump Sum Benefit Payment Paid To : Joseph Petrick Gross amount $9,367.01 Withholding $1,873.40 08/22/2005 Transfer Between Accounts -Disbursement -1,873.40 Federal Withholding -STC Paid To : Acct # 13950800 -STC TEFRA (Federal Tax) W/H Account Paid For Joseph Petrick 08/22/2005 Cash Disbursement -10,302.30 Lump Sum Benefit Payment Paid To :Michael Knapp Gross Amount $12,877.88 Withholding $2,575.58 Check #800406 08/24/2005 Dividend 90.00 Payable On 08/24/2005 Mdc Holdings Inc Com 500 Shares At 0.18 LARGE FONT - Transactions (2 col) - NEWTRNH Page 2B • August 01, 2005 To~st 31, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 08/29/2005 Dividend 199.38 Payable On 08/15/2005 Abbott Laboratories 725 Shares At 0.275 08/30/2005 Dividend 96.80 Payable On 08/30/2005 Schering-Plough Corp 1760 Shares At 0.055 08/30/2005 Cash Receipt 3,133.36 Employee Contributions PPE 08/20/05 08/30/2005 Cash Receipt 4,999.20 Employer Contribution PPE 08/20/05 08/30/2005 Cash Receipt 19,438.06 Employer Contribution 08/31/2005 Dividend 413.00 Payable On 08/31/2005 Simon Property Group tnc Com 590 Shares At 0.70 08/31/2005 Dividend 27.50 Payable On 08/31/2005 Landstar System Inc 1100 Shares At 0.025 08/31/2005 Dividend 582.00 Payable On 08/31/2005 Apartment Invt & Mgmt Co -A 970 Shares At 0.60 LARGE FONT -Transactions (2 col) - NEWTRNH Page 27 • August 01, 2005 To A~ust 31, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 08/31/2005 Dividend 105.00 Payable On 08/29/2005 Bunge Limited 700 Shares At 0.15 Short Term Investment Summary 08/01/2005 To 08/31/2005 11 Purchase(s) For 2 Sale(s) For * * * Ending Balances 0.00 0.00 $ 0.00 -94,045.77 27,373.40 3 0.00 LARGE FONT - Tnnaactlons (2 col) - NEYVTRNH Page 28 • August 01, 2005 To •st 31, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Gain (Loss) On Sale Of Assets Prior Period Ending Cost Basis Proceeds Gain/(Loss) (Aggregate Cost Basis) Deutsche Telekom Ag-Spon Adr Com 34,983.68 35,899.45 915,77 Sold 1820 Shares At 19.75 Per Share, Less Expenses Trade Date :08/05/2005 Settlement Date :08/10/2005 Dow Chemical 36,390.00 38,163.52 1,773.52 Sold 800 Shares At 47.73 Per Share, Less Expenses Trade Date :08/05/2005 Settlement Date :08/10/2005 GNMA Pass Thru Pool #599190 6.000% 03/15/35 96.16 92.57 -3.59 GNMA Pass Thru Pool #640208 6.500% 03/15/35 129.56 122.48 -7.08 GNMA Pass Thru Pool #640896 7.000% 04/15/35 407.80 379.46 -28.34 GNMA Pass Thru Pool #641273 4.500°i° 04/15/35 104.31 106.64 2.33 Goldman Sachs Treasury Obligations Fd 27,373.40 27,373.40 0.00 The Amount Shown Is The Net Of Withdrawls For The Entire Period Tota! Gain (Loss) On Sales 99,484.91 102,137.52 2,552.61 EBR4GLS-Gain(Loss) on Sale o(Asset Page 29 • Account Name : Tequesta Public Safety Brokerage Commissions Broker Name August 01, 2005 To ~ust 31, 2005 Non-Directed No. of Trades Commission Amt • Account No :80103784 Directed No. of Trades Commission Amt BNY Brokerage Lynch Jones 8 Ryan Total 1 43.30 0 0.00 2 52.40 0 0.00 3 95.70 0 0.00 EBR46RC-Broker Commlasiona Pige 30 • August 01, 2005 T•ust 31, 2005 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current Unrealized Cost Basis Market Unit Market Value Gain/(Loss) (Aggregate Cost Basis) Price Cash o.00 0.00 0.00 Short Term Investments Goldman Sachs Treasury Obligations Fd 93,144.78 1.00 93,144.78 0.00 93144.78 Par Value Investments U S Government FHLB 4.700% 10/04/2011 50,000.00 0.99625 49,812.50 -187.50 50000 Par Value FHLB Series 0009 5.250% 02/13/2009 24,799.78 1.034375 25,859.38 1,059.60 25000 Par Value FHLB Series X209 4.100% 03/30/2009 50,000.00 0.99875 49,937.50 -62.50 50000 Par Value FHLMC 3.500% 09/15/2007 50,778.91 0.990313 49,515.63 -1,263.28 50000 Par Value FNMA 5.500% 03/15/2011 110,958.75 1.064375 111,759.38 800.63 105000 Par Value GNMA Pass Thru Pool #599190 6.000% 03/15/2035 103,399.38 1.03159 102,686.68 -712.70 99542.13 Par Value GNMA Pass Thru Pool #640208 6.500% 03/15x2035 137,218.39 1.043585 135,372.76 -1,845.63 129719.01 Par Value GNMA Pass Thru Pool #640896 7.000% 04/15/2035 128,172.19 1.051949 125,460.24 -2,711.95 119264.62 Par Value GNMA Pass Thru Pool #641273 4.500% 04/15/2035 77,745.83 0.98034 77,921.90 176.07 79484.56 Par Value U S Treasury Note 3.125% 01/31/2007 39,696.88 0.990313 39,612.50 -84.38 40000 Par Value U S Treasury Note 4.000% 02/15/2015 45,079.10 0.997188 44,873.44 -205.66 45000 Par Value E8R4LOA-List of Assets pie 31 • • • August 01, 2005 To August 31, 2005 Account Name : Tequesta Public Safety List Of Assets Account No :80103784 Prior Period Current Current Unrealized Cost Basis Market Unit Market Value Gain/(Loss) (Aggregate Cost Basis) PrICe U S Treasury Note 2.500% 09/30/2006 39,457.81 0.98625 39,450.00 -7.81 40000 Par Value U S Treasury Note 3.000% 11/15/2007 98,332.03 0.9825 98,250.00 -82.03 100000 Par Value U S Treasury Note ~ 6.000% 08/15/2009 75,818.75 1.078125 75,468.75 -350.00 70000 Par Value Total U S Government 1,031,457.80 1,025,980.66 -5,477.14 Corporate Debt & Equity Abbott Laboratories 35,923.75 45.13 32,719.25 -3,204.50 725 Shares Apache Corp 36,573.80 71.62 44,404.40 7,830.60 620 Shares Apartment Invt & Mgmt Co -A 37,805.94 39.90 38,703.00 897.06 970 Shares Baxter International Inc 36,579.60 40.33 40,330.00 3,750.40 1000 Shares Boeing Co 36,317.99 67.02 41,552.40 5,234.41 620 Shares Bunge Limited 36,414.00 58.72 41,104.00 4,690.00 700 Shares Carnival Corp 36,774.77 49.34 36,018.20 -756.57 730 Shares Caterpillar tnc 35,812.00 55.49 44,392.00 8,580.00 800 Shares CenterPoint Energy Inc 36,647.40 14.21 43,908.90 7,261.50 3090 Shares Chesapeake Energy Corp 36,695.00 31.61 56,581.90 19,886.90 1790 Shares Deere 8 Co 36,293.60 65.38 36,612.80 319.20 560 Shares EBR4LOA-List of Assets Page 32 • August 01, 2005 To~st 31, 2005 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current Unrealized Cost Basis Market Unit Market Value Gain/(Loss) (Aggregate Cost Rasis) Price Duke Energy Corp 36,251.60 28.99 35,077.90 -1,173.70 1210 Shares EI Paso Corp 36,744.85 11.60 41,064.00 4,319.15 3540 Shares Entergy Corp 36,010.00 74.91 37,455.00 1,445.00 500 Shares Goodyear Tire & Rubber Co 36,109.92 16.80 51,744.00 15,634.08 3080 Shares Graco Inc 35.897.40 37.21 36,465.80 568.40 980 Shares Halliburton Co 36,936.82 62.00 52,080.00 15,143.18 840 Shares Indymac Bancorp Inc Com 36,842.40 39.83 40,626.60 3,784.20 1020 Shares Landstar System Inc 36,069.00 36.32 39,952.00 3,883.00 1100 Shares Lennar Corp 34,982.40 62.10 37,260.00 2,277.60 600 Shares Lockheed Martin Corp 36,136.40 62.24 37,966.40 1,830.00 610 Shares Loews Corp 36,448.68 87.69 44,721.90 8,273.22 510 Shares Mdc Holdings Inc Com 37,916.00 76.38 38,190.00 274.00 500 Shares Murphy Oil Corp 37,999.00 54.65 40,441.00 2,442.00 740 Shares P G 8 E Corp 36,721.55 37.52 39,396.00 2,674.45 ,1050 Shares Precision Castparts Corp 36,181.58 96.68 46,406.40 10,224.82 480 Shares EBR~LOA-L/st of Assets Page 33 • August 01, 2005 To A ttst 31, 2005 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current Unrealized Cost Basis Market Unit Market Value Gain/(Loss) (Aggregate Cost Basis) Price Pr t ti Lif P e o ec ve e rotectiv Life 37,022.21 41.03 39,388.80 2,366.59 960 Shares Rockwell Collins Inc 36,356.03 48.13 37,541.40 1,185.37 780 Shares Schering-Plough Corp 36,504.16 21.41 37,681.60 1,177.44 1760 Shares Seagate Technology 41,070.05 16.59 35,917.35 -5,152.70 2165 Shares Simon Property Group Inc Com 36,757.00 76.07 44,881.30 8,124.30 590 Shares Sprint Nextel Corp 36,357.85 25.93 40,969.40 4,611.55 1580 Shares Swift Energy Co 37,461.38 45.93 58,790.40 21,329.02 1280 Shares Telecom Corp New Zealand Ltd 36,806.02 33.93 35,287.20 -1,518.82 1040 Shares Tenet Healthcare Corp 34,394.40 12.18 34,225.80 -168 60 2810 Shares . Timberland Co -CIA 36,412.39 32.99 32,330.20 -4 082 19 980 Shares , . Toro Co Com 36,017.48 38.83 33,005.50 -3,011.98 850 Shares VeriSign Inc 36,922.00 21.80 27,250.00 -9 672 00 1250 Shares , . Volvo Ab-Sponsored Adr 37,111.00 43.09 36,626.50 -484 50 850 Shares . Total Corporate Debt 8 Equity TOTAL INVESTMENTS MARKET VALUE 1,428,277.42 1,569,069.30 140,791.88 TOTAL ACCRUED INCOME 2,552,880.00 2,s88,19a.7a 135,314.74 11,930.24 11,930.24 NET ASSETS 2,564,810.24 2,700,124.98 135,314.74 EBR4LOA-List of Assets Page 3s • • • SALEM TR~ COMPANY Statement of Account September 1, 2005 Through September 30, 2005 Salem Trust Company As Custodian For Tequesta Public Safety Pension Fund Village Of Tequesta Attn: Jody Forsythe Account Number :80103784 ACCOUNT EXECUTIVE Bradley K. Rinsem 954-426-5772 ACCOUNT MANAGER Karen Russo/Julie Clark 954-426-5770 Confidential And Privileged Information Village Of Tequesta Attn: Gwen Carlisle 250 Tequesta Dr., Ste. 300 Tequesta, FL 33469-0273 • • Account Name : Tequesta Public Safety September 01, 2005 T~tember 30, 2005 • Account No :80103784 Net Asset Summary Net Assets Beginning 09/01/2005 5 2,700,124.98 1.0 Summary Of Receipts 1.1 Cash Contributions 144.865.66 1.2 - 1.4 Earnings from Investments 10,931.05 1.5 Miscellaneous Deposits 7,908.42 Total Receipts 163,705.13 2.0 Summary Of Disbursements 2.1 Distribution Of Benefits -2,575.58 2.2 Other Distributions D.00 2.3 Administration Expenses 0.00 2.4 Other Expenses -6,663.43 Total Disbursements -9,239.01 3.0 Changes In Net Assets 3.1 Unrealized Gain (Loss) 7,8D5.27 3.2 - 3.3 Changes In Investments 0.00 3.4 Gain (Loss) On Sale of Assets Aggregate Proceeds 284,571.50 Less: Aggregate Carry Value (Market Value) 285,040.82 Total Gain/LOSS x169.32 3.5 Accrued Income -Interest 6,584.99 3.6 Accrued Income -Dividend 917.20 Totat Accrued Income 7,502.19 less: Prior Accrued Income 11,930.24 Total Changes In Net Assets 2 708.90 r Net Assets Ending 09/30/2005 E 2,857,300.00 EBR2NAS-Net Asset Summary page y • Account Name : Tequesta Public Safety Changes In Investments September 01, 2005 To•ember 30, 2005 • Account No :80103784 Investments Acquired Market Basis Goldman Sachs Treasury Obligations Fd 202,239.49 The Amount Shown Is The Net Of Deposits For The Entire Period FHLMC 3.500% 09/15/07 Purchased 50000 Par Value At 98.6077 Trade Date :09/29/2005 Settlement Date :09/30/2005 Broker: First Tennessee FHLMC 5.750% 03/15/09 Purchased 50000 Par Value At 104.3303 Trade Date :09129/2005 Settlement Date :09/30/2005 Broker: First Tennessee FNMA Pass Thru Pool #735503 6.000% 04/01/35 Purchased 54589.1 Par Value At 102.24 Trade Date :09/12/2005. Settlement Date :09/15/2005 Broker: Cantor Fitzgerald 8 Co. Performance Food Group Co Purchased 1340 Shares At 29.4796 Per Share Trade Date :09/07/2005 Settlement Date :09/12/2005 Broker: Lynch Jones & Ryan Walgreen Co Purchased 880 Shares At 45.4193 Per Share Trade Date :09/07/2005 Settlement Date :09/12/2005 Broker: Lynch Jones & Ryan Total Investments Acquired 49,303.85 52,165.15 55,813.09 39,529.46 39,986.58 439,037.62 EBR2CIA•Cbanges In Investments p~ 3 September 01, 2005 T~ ,Member 30, 2005 Account Name : Tequesta Public Safety Account No :80103784 Changes In Investments Stock Dividends Or Splits Market Basis 09/09/2005 Precision Castparts Corp Stock Split 480 To reflect 2 for 1 stock split Total Stock Dividends Or Splits 0.00 EBR2ClA-Changes in InvestYr-ents Page 4 • ~ September 01, 2005 To ember 30, 2005 Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Dividends Boeing Co 09/02/2005 620 Shares At 0.25 Per Share Symbol: 097023105 Carnival Corp 09109/2005 730 Shares At 0.2 Per Share Symbol: 143658300 CenterPoint Energy Inc 09/30/2005 3090 Shares At 0.07 Per Share Symbol: 151897107 Duke Energy Corp 09/16!2005 1210 Shares At 0.31 Per Share Symbol: 264399106 Entergy Corp 09/01/2005 500 Shares At 0.54 Per Share Symbol: 293646103 Halliburton Co 09/26/2005 840 Shares At 0.125 Per Share Symbol: 406216101 Indymac Bancorp Inc Com 09!08/2005 1020 Shares At 0.4 Per Share Symbol: 456607100 155.00 155.00 146.00 146.00 216.30 216.30 375.10 375.10 270.00 270.00 105.00 105.00 408.00 408.00 EBR2EFl-Eaminps from lnveshnents Paps 7 • • September 01, 2005 To~ember 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Income -Interest U S Treasury Note 6.000% 08/15/09 70000 Par Value At 0.06 Par 525.00 FHLMC 3.500% 09/15/07 100000 Par Value At 0.035 Par 155.56 U S Treasury Note 3.000% 11/15/07 100000 Par Value At 0.03 Par 1,125.00 FNMA 5.500% 03/15/11 105000 Par Value At 0.055 Par 256.67 U S Treasury Note 3.125% 01/31/07 - . 40000 Par Value At 0.03125 Par 207.20 U S Treasury Note 4.000% 02/15/15 45000 Par Value At 0.04 Par 225.00 FHLB 4.700% 10/04/11 50000 Par Value At 0.047 Par 1,155.42 FHLB Series UD09 5.250% 02/13/09 25000 Par Value At 0.0525 Par 167.71 FHLB Series X209 4.100% 03/30/09 ..50000 Par Value At 0.041 Par 5.69 GNMA Pass Thru Pool #599190 6.000% 03/15/35 99449.05 Par Value At 0.06 Par 497.25 GNMA Pass Thru Pool #640208 6.500% 03/15/35 119962.55 Par Value At 0.065 Par 649.80 EBR2AE1•Accrued Eaminps Pape 11 • September 01, 2005 T~tember 30, 2005 Account Name : Tequesta Public Safety Earnings From Investments Accrued Income -Interest • Account No :80103784 GNMA Pass Thru Pool #640896 7.000% G4/15/35 119163 12 Par Value At 0.07 Pa• 695.12 GNMA Pass Thru Pool #64127? 4.540% 04/~ 5.'35 ?9382.13 Par Value At G.045 f'ar 297.68 FHLMC 5.750°l0 03."r 5/09 50000 Par Vague At 0.05. 5 Par 927.78 FNMA Pass Thru Pool #735503 6 0~0°i: G4/C~/35 54589.1 Par Value At 0.~6 Par 272.95 Go!dmar. Sachs Treasury Obligations Fd 128571.06 Par'/a;ue At 0.03' 9 Par 221.16 Accrued Income -Interest 6,584.89 EBR2AEl-Accrued Esminys ~Y Pepe 12 • September 01, 2005 T~tember 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Income -Dividends PG&ECorp 1050 Shares At 0.3 Per Share 315.00 Chesapeake Energy Corp 1790 Shares At 0.05 Per Share 89.50 EI Paso Corp Deere 8~ Co Sprint Corp _ 3540 Shares At 0.04 Per Share 560 Shares At 0.31 Per Share 1580 Shares At 0.125 Per Share Solo 08/18/2005 Accrued Income -Dividends Total Accrued Income 141.60 173.60 197.50 917.20 7,502.19 EBR2AE/-Accnied Eamings P~ 13 • Account Name : Tequesta Public Safety Investment Summary September 01, 2005 To~ember 30, 2005 • Account No :80103784 Beginning Ending Investment Of Period Of Period Change Cash Cash 0.00 0.00 Short Term Investments ~ 93,144.78 128,571.06 Taal Cash 93,144.78 128,571.06 0.00 Fixed Income U S Government 8 Agencies ~ ~ 1,025,980.6E 1,068,272.43 -9,242.32 Corporate Obligations 0.00 55,510.37 -302.72 Total Fixed Income 1,025,980.66 1,123,782.80 -9,545.04 Equ;ty _ _ _ Equity ~ 1,569,069.30 1,597,443.95 17,151.31 Total Equity 1,569,069.30 1,597,443.95 17,151.31 Changes In Invesment -Other Total ('hanges In Invesment -Other 0.00 Realized Gain/Loss On Sales Proceeds 284,571.50 Less: Aggregate Carry Value (Market Value) 285,040.82 Net Period Accruals 0.00 0.00 -489.32 Accrued Income Accrued Income 11,930.24 7,502.19 7,502.19 Less: PriorAcorued Income 11,930.24 Total Accrued Income 11,930.24 7,502.19 -4,428.05 Investment Summary Total 5 2,700,124.98 S 2,857,300.00 Total Changes In .Net Assets f 2,708.90 EBR2S01-Investment Summery ~ pays ~~ • September 01, 2005 T~tember 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Summary of Receipts 1.1 Contributions Employer Contributions 141,061.73 Employee Contributions 3,803.93 Other Contributions 0.00 Tota! Earnings From .Investments 1.21nterest 1.3 Dividends 1.4 Pooled Funds Total 144,865.66 7,249.07 3,681.98 0.00 10,931.05 1.5 Miscellaneous Deposits 7,908.42 Total Receipts 5 163,705.13 Summary of Disbursements 2.l Distribution Of Benefits Federal Withholding - STC -2,575.58 Total -2,575.58 2.2 Other Distributions Total 0.00 2.3 Administration Expenses Fees And Commissions ' 'Total 0.00 2.4 Other Expenses Miscellaneous Expense -6,457.33 EBR2SOR-Sammary of Receipts Pays 15 • September 01, 2005 l~tember 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Summary of Disbursements Foreign Tax Withhe~d _206,10 . Tota! -6,663.43 Total Dlsburse-nents -9,239.01 EBR2SOR-Summary of Receipts ____ Pale 18 • Account Name : Tequesta Public Safety Contributions Contribution September 01, 2005 To~mber 30, 2005 09/23/2005 Contribution State of Florida 09/23/2005 Contribution State of Florida 09/29/2005 Contribution Monies due from the VOT General Employees Pension Total Contribution Employer Contribution 09/27/2005 Employer Contribution PPE 09/17/05 Total Employer Contribution Employee Contributions 09/27/2005 Employee Contributions PPE 09/17/05 Total Employee Contrlbutions Total Cash Contrlbutions 63,412.24 , 65,700.10 5,918.56 6,030.83 3,803.93 • Account No :80103784 135,030.90 8,030.83 3,803.93 144,885.88 EBR2COR-Contrlbutions d Otlrer Receipts P~ i7 • Account Name : Tequesta Public Safety Other Receipts Miscellaneous Receipt 09/12/2005 Total Miscellaneous Receipt Tuta! Miscellaneous Deposits September 01, 2005 T~tember 30, 2005 7,908.42 7,908.42 7,908.42 Account No :80103784 EBR2COR-Conbibutlons 6 Other Reeslpts ~ p~ f8 • September 01, 2005 'l~tember 30, 2005 Account Name : Tequesta Public Safety Distribution Of Benefits Federal Withholding -STC 09/01/2005 To : Acct # 13950800 STC TEFRA (Federal Tax) W/H Account -2,575.58 To reflect fed tax paid for Michael Knapp Total Federal Wlthholding -STC -2,575.58 Total Dlstrlbution Of Bene, fits -2,575.58 • Account No :80103784 EBR2DAE D/stributfon 8 Expenses p~ ~g • Account Name : Tequesta Public Safety Other Disbursements September 01, 2005 To•ember 30, 2005 • Account No :80103784 No Data Qualifies EBR2DAE-DlsM6uUon 6 Expenses Pape zv • Account Name : Tequesta Public Safety Administrative Expenses September 01, 2005 T~tember 30, 2005 No Data Qualifies • Account No :80103784 EBR2DAE-DlsbibuUon b Expenses Pape ~~ • September 01, 2005 To~ember 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Other Expenses Miscellaneous Expense 09/06/2005 To : Gabriel, Roeder, Smith 8 Company Benefit calculation Campbell 09/06/2005 To : Bogdahn Consulting LLC 3rd quarter fee 09!06/2005 To : Hansen, Perry 8 Jensen Legal services for Public Safety Pension 09/06/2005 To : Business Services Connection. Inc. , Minutes of 05/10/05 09/06/2005 To : Gabriel, Roeder, Smith & Company Prepare page 6A for inclusion in 2004 annual report to division of retirement 09/06/2005 To : Rockwood Capital Advisors Management fees for 2nd quarter Total Miscellaneous Expense Foreign Tax Withheld 09/19/2005 To Telecom Corp New Zealand Ltd ADR Less :15.00% New Zealand Tax Total Foreign Tax Withheld Total Other Expenses -250.00 -2,000.00 -866.37 -165.20 -550.00 -2,625.76 -206.10 -6,457.33 -206.10 -6,663.43 EBRIDAE-Dlstrlbutlon 6 Expenses Pape 22 • September 01, 2005 T~tember 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal * * * Starting Balances 09/01/2005 Dividend Payable On 09/01/2005 Murphy Oil Corp 740 Shares At 0.1125 09/01/2005 Dividend Payable On 09/01/2005 Protective Life Protective Life 960 Shares At 0.195 09/01/2005 Dividend Payable On 09/01/2005 Entergy Corp 500 Shares At 0.54 09!01/2005 Interest Goldman Sachs Treasury Obligations Fd Payable On 08/31/2005 09/01/2005 Transfer Between Accounts -Disbursement Federal Withholding -STC Paid .To : Acct # 13950800 -STC TEFRA (Federal Tax) W/H Account To reflect fed tax paid for Michael Knapp 09/02/2005 Dividend Payable On 09/02/2005 Boeing Co 620 Shares At 0.25 09/06/2005 Dividend Payable On 09/06/2005 Rockwell Collins Inc 780 Shares At 0.12 $ 0.00 s o.oo 83.25 187.20 270.00 128.50 -2,575.58 155.00 93.60 LRRGE FONT - TransecUona (2 col) - NEWTRNH p~ ~ • Account Name : Tequesta Public Safety Transactions Sectember 01, 2005 To~ember 30, 2005 • Account No :80103784 Date Description Income Principal 09/06/2005 Cash Disbursement -250.00 Miscellaneous Expense Paid To :Gabriel, Roeder, Smitfi & Company Benefit calculation Campbell 09/06/2005 Cash Disbursement -2,000.00 Miscellaneous Expense Paid To : Bogdahn Consulting LLC 3rd quarter`ee 09/06/2005 Cash Disbu-sement -866.37 Miscellaneous Expense Paid To ~ Hansen., Peny & Jensen Legal services for Public Safety Pension 09/06/X`05 Cash Disbursement -165.20 Miscellaneous Expense Paid To :Business Sep iices Correction Inc. Minutes of 0510/0 09/06/2('.•05 Cast. Disbursement -550.00 Miscelia~ eous =rpense Paid To :Gabriel. Roemer, Smith & Company Prepare ~~ave 6A for i-+cl~~sion in 2x04 annual report to division of retirement 09/06/2005 mash Disbursement -2,625.76 Miscellaneous expense !Paid To : Ra,•;t;~a•ac~d Cacits~ Advisors Management fees fcr 2nd ~ua:~.F- 09/08/2005 Dividand 408.00 Payahls Qr 09!GSi?_005 Indvmac Fsanr.~rn inc Com 1020 Shares A:t 0.10 LARGE FONT • Transactlona (2 col) - NIEN?RAH Page 24 • September 01, 2005 To~mber 30, 2005 Account Name : Tequesta Public Safety • Account No :80103784 Transactions Date Description Income Principal 09/09/2005 Dividend 146.00 Payable On 09/0912005. Carnival Corp 730 Shares At 0.20 09/09/2005 Stock Split On 09/08/2005 Precision Gastparts Corp Units Received 480 New Share.Value Is 960 09/12/2005 Dividend 76.50 Payable On 09/12/2005 Loews Corp ' 510 Shares At 0.15 09/12/2005 Sold On 09/07/2005 1040 Units 35,317.34 Telecom Corp New Zealand Ltd 1040`Units At $ 33.9804 Through Lynch Jones & Ryan 09/12/2005 Sold On 09/07/2005 850 Units 32,942.16 Toro Co Com 850 Units At $ 38:7771. Through Lynch Jones & Ryan 09/12/2005 .Purchased On 09/07/2005 1340 Units. -39,529.46 Performance Food Group. Co 1340 Units At $ 29.4796 Per Unit Through Lynch Jones & Ryan 09/12/2005 Purchased On 09/07/2005 880 Units -39,986.58 Walgceen Co 880 Units. At $ 45.4193 Per Unit Through Lynch Jones & Ryan 09112/2005. Cash Receipt 7,908.42 Miscellaneous. Receipt. LARGE FONT - Tianaactlona (2 col) - NEWTRNH Pape TS • Account Name : Tequesta Public Safety September 01. 2005 T~tember 30, 2005 • Account No :80103784 Transactions Date Description Income Principal 09/15/2005 Interest ~.~ ~ 2,887.50 • FNMA '~ 5.500% 03/15/11 Payable On.09/15/2005 Received On 105000 .Units . 09/15/2005 Purchased On 09/'12/2005 •i4589.1 Units FNMA Pass Thru Pool #735503 6 000% 04/01/35 54589.1 Units At g 102.24 Per Unit Through Cantor Fitzgerald & Co, 09/15/2005 Purchase Axrupd Interest - FNMA Pass Thru fool. #73550? 6.000°.~° 04;01/35 To 09/15!2005 ~ ~ ~ . 0 911 6/2 0 0 5 Dividend Payable On 09/16/2005 Duke Energy Corp 1210 Shares At 0.31. 09/16/2005 Interest FHLMC 3 500% 09/15/07 Payable On 09/15/?005 Received On 50000 Units 09/16!2005 Mortgage Backed -GNMA Principal On 09/15/2005 GNMA Pass Thru Pool #599190 6.000% 03/15/35 09/16/2005 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #599190 6.000% 03/15/35 Payable On 09/15/2005 • Received c)n 99542.13 Units Principal Balance P.eduction of 93.080000 09/16/2005 Martnage Fsacked -GNMA Principal On 09/15/:c005 GNMA Pass Thru po~a #40896 7.000% 04/15/35 -55,813.09 -127.37 375.10 875.00 93.08 497.71 101.51 LARGE FONT - Transactions {2 col) - A4E4KRNN ~ Pipe TB • September 01, 2005 To•ember 30, 2005 Account Name : Tequesta Public Safety • Account No :80103784 Transactions Date Description Income Principal 09/16/2005 Mortgage Backed -GNMA Interest 695.71 GNMA Pass Thru Pool #640896 7.000% 04/15/35 Payable On 09/15/2005 Received On 119264.62 Units Principal Balance Reduction of 101.510000 09/16/2005 Mortgage Backed -GNMA Principal 9,756.46 On 09/15/2005 GNMA Pass Thru PooF #640208 6.500% 03/15/35 09/16/2005 Mortgage Backed -GNMA Interest 702 64 GNMA Pass Thru Pool #640208 6.500% 03/1.5/35 Payable On 09/15/2005 Received On 129719.01 Units Principal Balance Reduction of 9756.460000 09/16/2005 Mortgage Backed -GNMA Principal 102.43 On 09/15/2005 GNMA Pass Thru Pool #641273 4.500% 04/15/35 09/16/2005 Mortgage Backed -GNMA Interest 298 07 GNMA Pass Thru Pool #641273 4.500% 04/15/35 Payable On 09/15/2005 Received On 79484.56 Units Principal Balance Reduction of 102.430000 09/19/2005 .Dividend 1,374.03 Payable On 09/16/2005 Telecom Cgrp New"Zealand Ltd ADR 1040 Shares At 1.32118 09/19/2005 Foreign Tax Withholding _206 10 Foreign Tax Withheld Related To Asset :Telecom Corp New Zealand Ltd ADR Less :15.00% New Zealand Tax DIRGE FONT - TiansaCtlons (2,col) - NEWTRNH Pape ?~ • Account Name : Tequesta Public Safety Transactions September 01, 2005 T~tember 30, 2005 Account No :80103784 Date Description Income Principal 09/23/2005 Cash Receipt 63,412.24 Contribution State of Florida 09/23/2005 Cash Receipt 65,700.10 Contribution State of Florida 09/26/2005 Dividend 105.00 Payable rJn 09/23/2005 Halliburton Co 840 Shares At 0.125 . 09/26/2005 Adjust Taxlot Shares Of 0.01 GNMA Pass Thru Pool #640896 7.000% 04/ New Share Value Is 119163.12 To reflect correct unit value 09/27/2005 Cash Receipt 3,803.93 Employee Contributions PPE 09/17/05 09/27/2005 Cash Receipt 6,030.83 Employer Contribution PPE 09/1'7/05 09/28/2005 Sold On 09/12/2005 40000 Units 39,445.31 U S Treasury Note 2.500% 09/30/06 40000 Units At $ 98.613275 Through DB Alex Brown 09/28/2005 Accrued Interest Received 459.02 U S Treasury Note _ 2.500% 09/30/06 Par Value Of 40,000.00 09/29/2005 Cash Receipt 5,918.56 Contribution Monies due from the VOT General Employees Pension LARGE FONT -Transactions (2 col) - NEWTRNH Peye 28 • September 01, 2005 To~mber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 09/30/2005 Dividend 152.50 Payable On 09/30/2005 Lockheed Martin Corp 610 Shares At 0.25 09/30/2005 Dividend 216.30 Payable On 09/30/2005 CenterPoint Energy Inc 3090 Shares At 0.07 09/30/2005 Interest 1,025.00 FHLB Series X209 4.100% 03/30/09 Payable On 09/30/2005 Received On 50000 Units 09/30/2005 Dividend 39.50 Payable On 09/30/2005 Sprint Nextel Corp 1580 Shares At 0.025 09/30/2005 Purchased On 09/29/2005 50000 Units -52,165.15 FHLMC 5.750% 03/15/09 50000 Units At $ 104.3303 Per Unit Through First Tennessee 09/30/2005 Purchase Accrued Interest -119.79 FHLMC 5.750% 03/15/09 To 09/30/2005 09/30/2005 Purchased On 09/29/2005 50000 Units -49,303.85 FHLMC 3.500% 09/15/07 50000 Units At $ 98.6077. Per Unit Through First Tennessee 09/30/2005 Purchase Accrued Interest -72 92 FHLMC 3.500% 09/15/07 To 09/30/2005 LARGE FONT - Transactlons (2 col) - NEWTRNH pis 2D r Account Name : Tequesta Public Safety September 01, 2005 To~ember 30, 2005 • Account No :80103784 Transactions Date Description Income Principal :Short Term Investment Summary 09/01/2005 To 09/30/2005 8 Purchase(s) For ~ 0.00 -202,239.49 5 Sale(s)~For 0.00 166,813.21 * * * Ending Balances * * * ; 0.00 ; 0.00 ~. LARGE FONT - Transactions (2 coq - NEWTRNH Pape 30 • September 01, 2005 To ~mber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Gain (Loss) On Sale Of Assets Prior Period Ending Market Value Proceeds Gain/(Loss) (Aggregate Cost Basis) GNMA Pass Thru Pool #599190 6.000% 03/15/35 96.02 93.08 -2.94 GNMA Pass Thru Pool #640208 6.500% 03/15/35 10,181.69 9,756.46 -425.23 GNMA Pass Thru Pool #640896 7.000% 04/15/35 106.78 101.51 -5.27 GNMA Pass Thru Pool #641273 4.500% 04/15/35 100.42 102.43 2.01 Goldman Sachs Treasury Obligations Fd 166,813.21 166,813.21 0.00 The Amount Shown Is The Net Of Withdrawls For The Entire Period Telecom Corp New Zealand Ltd ADR 35,287.20 35,317.34 30.14 Sold 1040 Shares At 33.98 Per Share, Less Expenses Trade Date :09/07/2005 Settlement Date : 09!12/2005 Broker: Lynch Jones & Ryan Toro Co Com 33,005.50 32,942.16 -63.34 Sold 850 Shares At 38.78 Per Share, Less Expenses Trade Date :09/07/2005 Settlement Date :09/12/2005 Broker: Lynch Jones & Ryan U S Treasury Note 2.500% 09!30/06 39,450.00 39,445.31 -4.69 Sold 40000 Par Value At 98.61 Per ,Less Expenses Trade Date :09/12/2005 Settlement Date :09/15/2005 Broker: DB Alex Brown Tolal Gain (Loss) On Sales 285,040.82 284,571.50 -469.32 EBR2GLS-Ga/n(Loss) on Sale o/Asset P~p~ 31 • September 01, 2005 To~ember 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (.Aggregate Market Value) Price Cash o.00 0.00 0.00 Short Term Investments Goldman Sachs Treasury Obligations Fd 128,571.06 1.00 128,571.06 0.00 128571.06 Par Value Fixed Income U S Government & Agencies FHLB 4.700% 10/04/2011 49,812.50 0.988125 49,406.25 -406,25 50000 Par Value FHLB Series UD09 5.250% 02/13/2009 25,859.38 1.022812 25,570.31 -289.07 25000 Par Value FHLB Series X209 4.100% 03/30/2009 49.937.50 0.987813 49,390.63 -546.87 50000 Par Value FHLMC 5.750% 03/15/2009 52,165.15 1.04 52,000.00 -165.15 50000 Par Value FHLMC 3.500% 09/15/2007 98,819.48 0.984688 98,468.75 -350.73 100000 Par Vatue ' FNMA 5.500% 03/15/2011 111,759.38 1.044375 109,659.38 -2,100.00 105000 Par Value GNMA Pass Thru Pool #599190 6.000% 03/15!2035 102,590.66 1.02445 101,880.62 -710.04 99449.05 Par Value GNMA Pass Thru Pool #640208 6.500% 03/15/2035 125,191.07 1.040506 124,821.80 -369.27 119962.55 Par Value GNMA Pass Thru Pool #640896 7.000% 04/15/2035 125,353.46 1.051444 125,293.34 -60.12 119163.12 Par Value GNMA Pass Thru Pool #641273 4.500% 04/15/2035 77,821.48 0.962651 76,417.28 -1,404.20 79382.13 Par Value U S Treasury Note 3.125% 01/31/2007 39,612.50 0.986563 39,462.50 -150.00 40000 Par Value E8R2LOA-Llst of Assets Papr 32 • September 01, 2005 To ~mber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price U S Treasury Note 4.000% 02/15/2015 44,873.44 0.973438 43,804.69 -1,068.75 45000 Par Value • U S Treasury Note 3.000% 11/15/2007 98,250.00 0.976563 97,656.25 -593.75 100000 Par Value U S Treasury Note 6.000% 08/15/2009 75,468.75 1,063438 74,440.63 -1,028.12 70000 Par Value Total U S Government 8 Agencies 1,077,514.75 1,068,272.43 -9,242.32 Corporate Obligations FNMA Pass Thru Pool #735503 6.000% 04/01/2035 55,813.09 1.016876 55,510.37 -302.72 54589.1 Par Vaiue Total Corporate Obligations 55,813.09 55,510.37 -302.72 Total Fixed Income 1,133,327.84 1,123,782.80 -9,545.04 Equity Equity Abbott Laboratories 32,719.25 42.40 30,740.00 -1,979.25 725 Shares Apache Corp 44,404.40 75.22 46,636.40 2,232.00 620 Shares Apartment Invt 8~ Mgmt Co -A 38,703.00 38.78 ,37,616.60 -1,086.40 970 Shares Baxter International Inc 40,330.00 39.87 39,870.00 -460.00 1000 Shares Boeing Co 41,552.40 67.95 42,129.00 576.60 620 Shares Bunge Limited 41,104.00 52.62 36,834.00 -4,270.00 700 Shares Carnival Corp 36,018.20 49.98 36,485.40 467.20 730 Shares E8R2LOA-List o/Assets p~ 99 • Account Name : Tequesta Public Safety List Of Assets September 01, 2005 To~ember 30, 2005 • Account No :80103784 Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price Caterpillar Inc 44,392.00 58.75 47,000.00 2,608.00 800 Shares CenterPoint Energy Inc 43,908.90 14.87 45,948.30 2,039.40 3090 Shares Chesapeake Energy Corp 56,581.90 38.25 68,467.50 11,885.60 1790 Shares Deere 8 Co 36,612.80 61.20 34,272.00 -2,340.80 560 Shares Duke Energy Corp 35,077.90 29.17 35,295.70 217.80 1210 Shares EI Paso Corp 41,064.00 13.90 49,206.00 8,142.00 3540 Shares Entergy Corp 37,455.00 74.32 37,160.00 -295.00 500 Shares Goodyear Tire & Rubber Co 51,744.00 15.59 48,017.20 -3,726.80 3080 Shares Graco Inc 36,465.80 34.28 33,594.40 -2,871.40 980 Shares Halliburton Co 52,080.00 68.52 57,556.80 5,476.80 840 Shares Indymac Bancorp Inc Com 40,626.60 39.58 40,371.60 -255.00 1020 Shares Landstar System Inc 39,952.00 40.03 44,033.00 4,081.00 1100 Shares LennarCorp 37,260.00 59.76 35,856.00 -1,404.00 600 Shares Lockheed Martin Corp 37,966.40 61.04 37,234.40 -732.00 610 Shares Loews Corp 44,721.90 92.41 47,129.10 2,407.20 510 Shares EBR2LOA-List o/Assets P~po 3< • September 01, 2005 To~mber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Ending Market Value Current Market Unit Current Unrealized Market Value Gain/(Loss) (Aggregate Market Value) Price Mdc Holdings Inc Com 38,190.00 78.89 39,445.00 1,255.00 500 Shares Murphy Oil Corp 40,441.00 49.87 36,903.80 -3,537.20 740 Shares P G 8 E Corp 39,396.00 39.25 41,212.50 1,816.50 1050 Shares Performance Food Group Co 39,529.46 31.53 42,250.20 2,720.74 1340 Shares Precision Castparts Corp 46,406.40 53.10 50,976.00 4,569.60 960 Shares Protective Life Protective Life 39,388.80 41.18 39,532.80 144.00 960 Shares Rockwell Collins Inc 37,541.40 48.32 37,689.60 148.20 780 Shares Schering-Plough Corp 37,681.60 21.05 37,048.00 -633.60 1760 Shares Seagate Technology 35,917.35 15.85 34,315.25 -1,602.10 2165 Shares Simon Property Group Inc Com 44,881.30 74.12 43,730.80 -1,150.50 590 Shares Sprint Nextel Corp 40,969.40 23.78 37,572.40 -3,397.00 1580 Shares Swift Energy Co 58,790.40 45.75 58,560.00 -230.40 1280 Shares Tenet Healthcare Corp 34,225.80 11.23 31,556.30 -2,669.50 2810 Shares Timberland Co -CIA 32,330.20 33.78 33,104.40 774.20 980 Shares VeriSign Inc 27,250.00 21.37 26,712.50 -537.50 1250 Shares EBR2LOA-List of Assets Psp~ 35 • Account Name : Tequesta Public Safety List Of Assets September 01, 2005 T~tember 30, 2005 Account No :80103784 Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Velue) PrICe Volvo Ab-Sponsored Adr 36,626.50 43.70 37,145.00 518.50 850 Shares Walgreen Co 39,986.58 43.45 38.236.00 -1,750.58 880 Shares Total Equity .1,580,292.64 1,597,443.95 17,151.31 Total Equity 1,580,292.64 1,597,443.95 17,151.31 TOTALI.NVESTME,NTSMARKET [VALUE z,84z,191.54 2,849.797.81 7,606.27 TOT.9L ACCRUED INCOME 7.502.19 7,502.19 NETA.SSETS 2,sa9,s93.73 2,857,300.00 7,60627 EBR2LOA-List of Assets Page 38 • September 01, 2005 T~tember 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Brokerage Commissions Non-Directed Directed Broker Name No. of Trades Commission Amt No. of Trades Commission Amt Lynch Jones 8 Ryan 4 82.20 0 0.00 Total 4 82.20 0.00 EBR2BRC-Broker Commisslons p~ 37 i • • SALEM TR~T COMPANY Statement of Account August 1, 2005 Through September 30, 2005 Salem Trust Company As Custodian For Tequesta Public Safety Pension Fund Village Of Tequesta Attn: Jody Forsythe Account Number :80103784 ACCOUNT EXECUTIVE Bradley K. Rinsem 954-426-5772 ACCOUNT MANAGER Karen Russo/Julie Clark 954-426-5770 Confidential And Privileged Information ~~C . <<4Q~ ~l~d~~ r~~Rfis 0,~~ ~cF Village Of Tequesta Attn: Gwen Carlisle 250 Tequesta Dr., Ste. 300 Tequesta, FL 33469-0273 • • Account Name : Tequesta Public Safety Net Asset Summary August 01, 2005 To~ember 30, 2005 • Account No :80103784 Net Assets Beginning 08/Ol/2005 1.0 Summary Of Receipts 1.1 Cash Contributions 1.2 - 1.4 Earnings from Investments 1.5 Miscellaneous Deposits Total Receipts 2.0 Summary Of D/sbursements 2.1 Distribut'on Of Benefits 2.2 Other Distributions 2.3 Administration Expenses 2.4 Other Expenses Total Disbursements 3.0 Changes in Net Assets 3.1 Unrealized Gain (Loss) 3.2 - 3.3 Changes In Investments 3.4 Gain (Loss) On Sale of Assets Aggregate Proceeds Less: Aggregate Carry Value (Market Value) Total Gain/Loss 3.5 Accruetl Income -Interest 3.6 Accrued Income -Dividend Total Accrued Income Less: Prior Accrued Income Total Changes In Net Assets Net Assets Ending 09/30/2005 188.830.45 19; 613.87 7, 908.42 -22, 244.89 0.00 0.00 -F, 563.43 8, 044.55 0.00 386.709.02 389, 052.31 -2,343.29 6,584.99 917.20 7,502.19 11, 440.90 216,352.74 -28,908.32 1,762.55 $ 2,668,093.03 3 2,857,300.00 EBR2NAS-Net Asset Summary Page 2 • Account Name : Tequesta Public Safety Changes In Investments Investments Acquired Goldman Sachs Treasury Obligations Fd The Amount Shown Is The Net Of Deposits For The Entire Period FHLMC 3.500% 09115/07 Purchased 50000 Par Value At 98.6077 Trade Date :09/29/2005 Settlement Date :09/30/2005 Broker: First Tennessee FHLMC 5.750% 03/15/09 Purchased 50000 Par Value At 104.3303 Trade Date :09/29/2005 Settlement Date :09/30/2005 Broker: First Tennessee FNMA Pass Thru Pool #735503 6.000% 04/01/35 Purchased 54589.1 Par Value At 102.24 Trade Date :09/12/2005 Settlement Date :09/1512005 Broker: Cantor Fitzgerald 8 Co. Performance Food Group Co Purchased 1340 Shares At 29.4796 Per Share Trade Date :09/07/2005 Settlement Date :09/12/2005 Broker: Lynch Jones & Ryan Seagate Technology Purchased 2165 Shares At 18.95 Per Share Trade Date :08/05/2005 Settlement Date :08/10/2005 Broker: BNY Brokerage Walgreen Co Purchased 880 Shares At 45.4193 Per Share Trade Date :09/07/2005 Settlement Date :09/12/2005 Broker: Lynch Jones & Ryan Tota! Investments Acquired August 01, 2005 To ~mber 30, 2005 Market Basis 296,285.26 49,303.85 52,165.15 55,813.09 39,529.46 41,070.05 39,986.58 574,153.44 • Account No :80103784 EBR2CIA-Changes In Investments Page 3 • Account Name : Tequesta Public Safety August 01, 2005 To~ember 30, 2005 Account No :80103784 Changes In Investments Other Changes Market Basis 08/18/2005 Sprint Nextel Corp 42,502.00 Received 1580 To reflect came change from Sprint Corp to Sprint Nextel Corp effective 08!15/OS OE/18/2005 Sprint Corp -42,502.00 Delivered 1580 To reflect name change from Sprint Corp to Sprint Nextel Corp effective 08/15/05 09!09/2005 Precision Castparts Corp Stock Split 480 To reflect 3 for 1 stock split Total Stock Dividends Or Splits o.00 EBRYG/A-Changes /n Investments page ~ • August 01, 2005 To ~mber 30, 2005 • Account Name : Tequesta P ublic Safety Account No :80103784 Earnings From Investments Interest U S Treasury Note 6.000% 08/15/09 08/15!2005 Rate 3 Payable 08/15/2005 On 70000.00 Par 2,100.00 Symbo1:9128275N8 2,100.00 FHLMC 3.500% 09/15/07 09/16/2005 Rate 1.75 Payable 09/15/2005 On 50000.00 Par 875.00 Symbo1:3134A4RH9 09/30/2005 Accrued Interest On Purchase -72,82 Symbol: 3134A4RH9 802.08 FNMA 5.500% 03/15/11 09/15/2005 Rate 2.75 Payable 09/15/2005 On 105000.00 Par 2,887.50 Symbol: 31359MHtC2 2,887.50 U S Treasury Note 3.125% 01/31/07 08/01/2005 Rate 1.5625 Payable 01/31/2006 On 40000.00 Par 625.00 Symbol: 912828DJ6 625.00 U S Treasury Note 4.000% 02/15/15 08/15/2005 Rate 2 Payable 08/15/2005 On 45000.00 Par 900.00 Symbol: 912828DM9 900.00 U S Treasury Note 2.500% 09/30/06 09/28/2005 Accrued Interest On Sale 459.02 Symbol: 912828CW8 459.02 FHLB Series UD09 5.250% 02/13/09 EBR2EFhEaminps from lnvesbnenis Pape 5 • August 01, 2005 To~ember 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Interest 08/15/2005 Rate 2.625 Payable 08/?512005 On 25000.00 Par 656.25 Symbol: 3133MLT88 FHLB Series X209 4.100% 03/30/09 09/30/2005 Rate ?_.05 Payable 09/30/2005 On 50000.00 Par 1,025.00 Symbol: 3133X? 5Y9 656.25 1,025.00 GNMA Pass Thru Pool #599190 bA00°i° 03/15/35 08/16/2005 Rate 0.5 Payable 08/15!2005 On 9?634 70 Par 498.17 Symbol: 36200EUP4 09/16/2005 Rate 0:5 Payable 09!15/2005 On 99542.13 Par 497.71 Symbol: 36200EUP4 GNMA Pass Thru Pool #640208 6.500% 03/15/35 08/16/2005 Rate 0.54166667 Payable 08/15/2005 On 129841.49 Par 703.31 Symbol: 36291 WGR6 09/16/2005 Rate 0.54166667 Payable 09!15/2005 On 129719.01 Par 702.64 Symbol: 35291 WGR6 995.88 1,405.95 GNMA Pass Thru Pool #640896 7.000"/° 04/15/35 08/16/2005 Rate 0.58333333 Payable 08/15/2005 On 119644.08 Par 697.92 Symbol: 36291 W7H8 09/16/2005 Rate 0.58333333 Payable 09/15/2005 On 119264.62 Par 695.71 Symbol: 3629?'!•/7H8 1,393.63 GNMA Pass Thra Pool #641273 4.500°.0 04!15/35 08/16;2005 Rate 0.375 Payable 08/15/2005 On 79591.20 Par 298.47 Symbol: 36291 XMW6 EBR2EFl-Eamings from Investrttents Page 8 August 01, 2005 To ~nber 30, 2005 i • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Interest 09/16/2005 Rate 0.375 Payable 09/15/2005 On 79484.56 Par 298.07 Symbo1:36291XMW6 ' 596.54 Goldman Sachs Treasury Obligations Fd 08/03/2005 56.92 Symbo1:38141XXXX ' 09/01 /2005 128.50 Symbol: 38141 XXXX 185.42 F1VMA Pass Thru Pool #735503 6.000% 04/01/35 09/15/2005 Accrued Interest On Purchase -127.37 Symbol: 31402RDG1 -127.37 FHLMC 5.750% 03/15/09 09!30/2005 Accrued Interest On Purchase -119.79 Symbol: 3134A3EM4 -119.79 Tota! Interest 13,785.11 EBR2EFhEsrnings from Inves6nents Page 7 • Account Name : Tequesta Public Safety Earnings From Investments Dividends Abbott Laboratories 08/29/2005 725 Shares At 0.275 Per Share Symbol: 002824100 Apache Corp 08/22/2095 620 Shares At 0.08 Per Share Symbol: 037411105 Apartment Invt & Mgmt Co -A 08/31/2005 970 Shares At 0.6 Per Share Symbol: 037488101 Boeing Co 09/02!2005 620 Shares At 0.25 Per Share Symbol: 07023105 Bunge Limited 08/31/2005 700 Shares At 0.15 Per Share Symbcf G169';2105 Carnival Corp 09/09!2005 730 Shares At 0.2 Per Share Svrrbu;: 143fi56300 Caterpillar Inc 08/19/2005 800 Shares At 0 ?.5 Per Share Symbol: 149 S 2; ; 01 August 01, 2005 To~ember 30, 2005 199.38 49.60 582.00 155.00 105.00 146.00 200.00 199.38 49.60 582.00 155.00 105.00 146.00 • Account No :80103784 200.00 EBR2EFl-EamJnga from Investments Page 8 Account Name : Tequesta Public Safety August 01, 2005 To S~ber 30, 2005 Account No :80103784 Earnings From lnyestments Dividends CenterPoint Energy Inc 09/30/2005 3090 Shares At 0.07 Per Share Symbol: 151897107 216.30 216.30 Deere & Co 08/01/2005 560 Shares At 0.31 Per Share Symbol: 244199105 173.60 173.60 Duke Energy Corp 09/16/2005 1210 Shares At 0.31 Per Share Symbol: 264399106 375.10 375.10 Entergy Corp 09/01/2005 500 Shares At 0.54 Per Share Symbol: 293646103 270.00 270.00 Graco Inc 08/03/2005 980 Shares At 0.13 Per Share Symbol: 384109104 127.40 127.40 Halliburton Co 09/26/2005 840 Shares At 0.125 Per Share Symbol: 406216101 Indymac Bancorp Inc Com 09/08/2005 1020 Shares At 0.4 Per Share Symbol: 456607100 105.00 105.00 408.00 408.00 EBR2EFl-Eamings from Inves6nents Page 9 • Account Name : Tequesta Public Safety -- - Earnings From Investments Dividends Landstar System Inc 08/31 12005 1100 Shares At 0.025 Per Share Symbol: 515098101 Lennar Corp 08/15/2005 F00 Shares At 0.1375 Per Share Symbol: 526057104 Lockheed Martin Corp 09/30/2005' E~0 Shares At ~ 25 Per Share :iy mbol: 539530109 Loews Corp 09/12/2005 51 G Shares At 0.15 Per Share ymuol: 540424108 Mdc Holdings Inc Com 08!24/2005 500 Shares At 0.18 Per Share Syrnbol: 552676108 Murphy Oil Corp 09/01/2005 740 Shares At 0.1125 Per Share Symbol: 626717":02 Protective Life Pratecti~c Life 09!01/2005 950 Shams At il.'95 °er Share Symbol: %4?6~ 4103 August 01, 2005 To~ember 30, 2005 27.50 82.50 152.50 76.50 90.00 83.25 187.20 27.50 82.50 152.50 76.50 90.00 83.25 • Account No :801037;34 187.20 EBR2EF1-Eamings from /nvestmersts Page 10 • Account Name : Tequesta Public Safety August 01, 2005 To S~nber 30, 2005 • Account No :80103784 Earnings From Investments Dividends Rockwell Collins Inc 09/06/2005 780 Shares At 0.12 Per Share Symbol: 774341101 Schering-Plough Corp 08/30!2005 1760 Shares At 0.055 Per Share Symbol: 806605101 Simon Property Group Inc Com 08/31/2005 590 Shares At 0.7 Per Share Symbol: 828806109 Sprint Nextel Corp 09/30/2005 1580 Shares At 0.025 Per Share Symbol: 852061100 Telecom Corp New Zealand Ltd ADR 09/19/2005 1040 Shares At 1.32118 Per Share Symbol: 879278208 Tota! Dividend 93.80 95.80 413.00 39.50 1,374.03 5,828.76 E8R2EF1-Eamings from lnveshnents 93.60 96.80 413.00 39.50 1, 374.03 Page 11 • Account Name : Tequesta Public Safety Earnings From Investments Pooled Funds Tota! Earnings Paid August 01, 2005 To~mber 30, 2005 No Data Qualifies 19,613.87 • Account No :80103784 EBR2EFl-Eam/ngs Irom investments Page 12 August 01, 2005 To S~nber 30, 2005 • • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Income -Interest U S Treasury Note 6.000% 08/15/09 70000 Par Value At 0.06 Par 525.00 FHLMC 3.500% 09/15/07 100000 Par Value At 0.035 Par 155.56 U S Treasury Note 3.000% 11 /15/07 100000 Par Value At 0.03 Par 1,125.00 FNMA 5.500% 03/15/11 105000 Par Value At 0.055 Par 256.67 U S Treasury Note 3.125% 01131 /07 40000 Par Value At 0.03125 Par 207.20 U S Treasury Note 4.000% 02/15/15 45000 Par Value At 0.04 Par 225.00 FHLB 4.700% 10/04/11 50000 Par Value At 0.047 Par 1,155.42 FHLB Series UD09 5.250% 02/13/09 25000 Par Value At 0.0525 Par 167.71 FHLB Series )F209 4.100% 03/30/09 50000 Par Value At 0.041 Par 5.69 GNMA Pass Thru Pool #599190 6`.000% 03/15/35 99449.05 Par Value At 0.06 Par• 497.25 GNMA Pass Thru Pool #640208 6.500% 03/15/35 119962.55 Par Value At 0.065 Par 649.80 EBR2AE1-Accrued Eaminga Page 13 • August 01, 2005 To ~mber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Income -Interest GNMA Pass Thru Pool #640896 7.000% 04/15/35 119163.12 Par Value At 0.07 Par GNMA Pass Thru Pool #641273 4.500°10 04/15/35 79382.13 Par Value At 0.045 Par FHLMC 5.750% 03/15/09 50000 Par Value At 0.0575 Par FNMA Pass Thru Pool #735503 E.000% 04/01/35' 54589 1 Par Value At 0.06 Par Goldman Sachs Treasury Obligations Fd 128571.06 Par Value At 0.0319 Par Accrued ]ncome -Interest 695.12 297.68 127.78 272.95 221.16 6,584.99 EBR2AEt-Accrued Eam/rtgs Page !4 • August 01, 2005 To S~ber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Earnings From Investments Accrued Income -Dividends PGB~ECorp 1050 Shares At 0.3 Per Share Chesapeake Energy Corp 1790 Shares At 0.05 Per Share EI Paso Corp Deere & Ca Sprint Corp 3540 Shares At 0.04 Per Share 560 Shares At 0.31 Per Share 1580 Shares At 0.125 Per Share Sold 08/18/2005 Accrued Income -Dividends Total Accrued Income 315.00 89.50 . 141.60 173.60 197.50 7,502.19 917.20 EBR2AEl-Accrued Earnings piggy ~a • Account Name : Tequesta Public Safety Investment Summary August 01.2005 To ember 30, 2005 Beginning Of Period • Account No :80103784 Ending Investment Of Period Change Cash Cash Short Term Investments Total Cash Fixed Income U S Government 8 Agencies Corporate Obligations Total Fixed Income Equity Eouity Total Equity Changes In Invesment -Other Total Changes In Invesment -Other Realized Gain/Loss On Sales Proceeds Less: Aggregate Larry Value (Market Value) Net Period Accruals Accrued Income Accrued Income Less: Prior Accrued lacorre Total Accrued Income Investment Summary Total Tota! Changes In Net Asscts 0.00 0.00 26,472.41 128,571.06 26,472.41 128,571.06 0.00 1,021,512.17 1,068,272.43 -4,130.64 0.00 55,510.37 -302.72 1,021,512.17 1,123,782.80 -4,433.36 1,608,667.55 1,597,443.95 12,477.91 1,608,667.55 1,597,443.95 12,477.91 0.00 386, 709.02 389, 052.31 0.00 0.00 -2,343.29 11,440.90 7,502.19 7,502.19 11,440.90 11,440.90 7,502.19 -3,938.71 $ 2,668,093.03 $ 2,857,300.00 $ 1,762.55 EBR2S01-Investment Summary Page 16 • Account Name : Tequesta Public Safety Summary of Receipts August 01, 2005 To S~nber 30, 2005 Account No :80103784 1.1 Contributions Employer Contributions 175,565.07 Employee Contributions 13,265.38 Other Contributions 0.00 Total 188,830.45 Earnings From Investments 1.2 Interest 13,785.11 1.3 Dividends 5,828.76 1.4 Pooled Funds 0.00 Total 19,613.87 1.5 Miscellaneous Deposits 7,908.42 Total Receipts S 216,352.74 Summary of Disbursements 2.1 Distribution Of Benefits Lump Sum Benefit Payment -17,795.91 Federal Withholding - STC -4,448.98 Total -22,244.89 2.2 Other Distributions Total 2.3 Administration Expenses Fees And Commissions Total 2.4 Other Expenses 0.00 0.00 EBR2SOR-Summary of Reeefpts pa8e • August 01, 2005 To~mber 30, 2005 • Account Name : Tequesta Publir, Safety Account No :80103784 Summary of Disbursements Miscellaneous Expense -6,457.33 Foreign Tax Withheld -206.10 Total Total Disbursements -6,663.43 -28,908.32 EBR2SOR-Summary of Receipts Page !8 • August 01, 2005 To S~ber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Contributions Contribution 09/23/2005 Contribution 63,412.24 State of Florida 09/23/2005 Contribution 65,700.10 State of Florida 09/29/2005 Contribution 5,918.56 Monies due from the VOT General Employees Pension Total Contribution 135,030.90 Employer Contribution 08/03/2005 Employer Contribution 4,971.94 For the payroll period ending 07/23/2005 08/18/2005 Employer Contribution 5,094.14 PPE 08/06/05 08/30/2005 Employer Contribution 4,999.20 PPE 08/20/05 08/30/2005 Employer Contribution 19,438.06 09/27/2005 Employer Contribution 6,030.83 PPE 09/17/05 Total Employer Contribution 40,534.17 Employee Contributions 08/03/2005 Employee Contributions 3,123.49 For the payroll period ending 07!23/2005 08/18/2005. Employee Contributions 3,204.60 PPE 08/06/05 ' 08/30/2005 Employee Contributions 3,133.36 PPE 08/20/05 09/27/2005 Employee Contributions 3,803.93 PPE 09/17/05 Total Employee Contributions 13,265.38 Total Cash Contributions 188,830.45 EBR2COR-Contributions 8 Other Receipts Page !9 • August 01, 2005 To ~mber 30, 2005 • Account Name : Tequesta Public Safety Other Receipts Miscellaneous Receipt 09/12/2005 Total Miscellaneous Receipt Total Miscellaneous Deposits 7,908.42 7,908.42 7,908.42 Account No :80103784 EBR2COR-ContribuUona 6 Otl-er Receipts Page 20 • August 01, 2005 To S•nber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Distribution Of Benefits Lump Sum Benefit Payment 08/22/2005 To : Michael Knapp -10,302.30 Gross Amount $12,877.88 Withholding $2,575.58 Check #800406 08/22/2005 To : Joseph Petrick -7,493.61 Gross amount $9,367.01 Withholding $1,873.40 Total Lump Sum Benefit Payment -17,795.91 Federal Withholding -STC 08/22/2005 To : Acct # 13950800 STC TEFRA (Federal Tax) W/H Account -1,873.40 Paid For Joseph Petrick 09/01/2005 To : Acct # 13950800 STC TEFRA (Federal Tax) W/H Account -2,575.58 To reflect fed tax paid for Michael Knapp Total Federal Withholding -STC -4,448.98 Total Distribution Of Benefits '22,244.89 EBR2DAE-Distribution 8 Expenses P1g° 21 • August 01, 2005 To~ember 30. 2005 • Account Name : Tequesta Public Safety Other Disbursements No Data Qualifies Account No :80103784 EBR2DAE-Dlsbibution 8 Expenses pie py • August 01, 2005 To ~ber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Administrative Expenses No Data Qualifies EBR20AE-DisVibuBon 6 Expenses Pape 23 Account Name : Tequesta Public Safety Other Expenses August 01, 2005 To ~mber 30, 2005 Miscellaneous Expense 09/06/2005 To : Gabriel, Roeder, Smith 8~ Company -250.00 Benefit calcination Campbell 09/06/2005 To : Bogdahn Consulting LLC -2,000.00 3rd quarter fee 09/06/2005 To : Hansen, Perry & Jensen -866.37 Legal services for Pubic Safety Pension 09/06/2005 l'o : Business Services Connection Inc. -165.20 Minutes of 05/10/05 09/06/2005 To . Gabriel, Roeder. Smith 8 Company -550.00 Prepare page 6A for inclusion in 2004 annual report to division of retirement 09/06/2005 To : Rockwood Capital Advisors -2,625.76 Management fees for 2nd quarter Total Aiscellaneous Expense Foreign Tax Withheld 09/19/2005 To : -206.10 Telecom Corp New Zealand Ltd ADR Less :15.00% New Zealand Tax Total Foreign Tax Withheld Totai Other Expenses' • Account No :80103784 -6,457.33 -206.10 -6,663.43 EBR2DAE-Dfstributfon & Expenses Page 2I • August 01, 2005 To S~ber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal * * * Starting Balances * * * $ 0.00 $ 0.00 08/01/2005 Dividend 173.60 Payable On 08/01/2005 Deere & Co 560 Shares At 0.31 08/01 /2005 Interest 625.00 U S Treasury Note 3.125% 01/31/07 Payable On 01/31/2006 Received On 40000 Units 08/03/2005 Dividend 127.40 Payable On 08/03/2005 Graco Inc 980 Shares At 0.13 08/03/2005 Interest 56.92 Goldman Sachs Treasury Obligations Fd Payable On 07/31/2005 08/03/2005 Cash Receipt 3,123.49 Employee Contributions For the payroll period ending 07/23/2005 08/03/2005 Cash Receipt 4,971.94 Employer Contribution For the payroll period ending 07/23/2005 08/15/2005 Dividend 82.50 Payable On 08/15/2005 Lennar Corp 600 Shares At 0.1375 08/15/2005 Interest 2,100.00 U S Treasury Note 6.000% 08/15/09 Payable On 08/15/2005 Received On 70000 Units LARGE FONT -Transactions (2 col) - NEWTRNH Papa 25 • Account Name . Tequesta Public Safety Transactions August 01, 2005 To ~mber 30, 2005 • Account No :80103784 Date Description Income Principal 08/15/2005 Interest 900.00 U S Treasury Note .4.000% 02/15/15 Payable On 08/15/2005 Received On 45000 Units 08/15/2005 Interest 656.25 FHLB Series UD09 5.250% 02/13/09 Payable On 08)15/2005 Received O^ 25000 Units 08/16/2005 Purchased On 08/05!2005 265 Units -41,070.05 Seagate Technology 2165 Units At $ 18 95 Per Unit Through BNY Brokerage 08/16/2005 Interest 498.17 GNMA Pass Thru Pool #599190 6.000% 03/15/35 Payable On ORi15/2005 Received Un 99634.7 Units 08/16'2005 Mortgage Backed -GNMA Principal 379.46 On 08/15/2005 GNMA Pass Thru Pool #640896 7.000% 04/15/35 08/16/2005 Mortgage Balked - GN~JIA Intsresi 697.92 GNMA Pass Thru Pool #640896 7.000% 04!15/35 Payable On 08/15/2005 Received On 119644.08 Units Principal Balance Reduction of 379.460000 08/16/2005 Mortgage Backed - GNMP. Principal 122.48 On 08/15/2005 GNMA Pass Thru Pool #64;,208 6.500% 03/ i 5/35 G8l16/2005 Mortgage Lacked -GNMA Interest 703.31 GNMA Pass Thru Poo! #Fi4G208 6.5C0% 03!15/35 Payable On GUi15/2005 Received On 12913'•1.49 Units LARGE FQNr - Tiansactlons (2 col) - NF. WTPN.'? Page 26 • August 01, 2005 To S~ber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal Principal Balance Reduction of 122.480000 08/16/2005 Mortgage Backed -GNMA Principal 106.64 On 08/15/2005 . GNMA Pass Thru Pool #641273 4.500% 04/15/35 08/16/2005 Mortgage Backed -GNMA Interest 298.47 GNMA Pass Thru Pool #641273 4.500% 04/15/35 Payable On 08/15/2005 Received On 79591.2 Units Principal Balance Reduction of 106.640000 08/16/2005 Sold On 08/05/2005 1820 Units 35,899.45 Deutsche Telekom Ag-Spon Adr Com 1820 Units At $ 19.7458 Through Lynch Jones & Ryan 08/16/2005 Sold On 08/05/2005 800 Units 38,163.52 Dow Chemical 800 Units At $ 47.7264 Through Lynch Jones & Ryan 08/16/2005 Mortgage Backed -GNMA Principal 92.57 On 08/15/2005 GNMA Pass Thru Pool #599190 6.000% 03/15/35 08/18/2005 CUSIP/Name Change -Free Deliver Distributed -1580 Units Sprint Corp To reflect name change from Sprint Corp to Sprint Nextel Corp effective 08/15/05 08/18!2005 CUSIP/Name Change -Free Receipt 1580 Units Sprint Nextel Corp To reflect name change from Sprint Corp to Sprint Nextel Corp effective 08/15/05 08/18/2005 Cash Receipt 3,204.60 Employee Contributions PPE 08/06/05 LARGE FONT - Tnnsactlons (2 col) - NEWTRNH Pale 27 • August 01, 2005 To ~mber 30, 2005 • Account Name : Tequesta Public Safety Transactions Account No :80103784 Date Description Income Principal 08/18/2005 Cash Receipt 5,094.14 Employer Contribution PPE 08/06/05 08/19/2005 Dividend 200.00 Payable On 08/19/2005 Caterpillar Inc 800 Shares At 0.25 08/22/2005 Dividend 49.60 Payable On 08/22/2005 Apache Corp 620 Shares At 0.08 08/22/2005 Cash Disbursement -7,493.61 Lump Sum Benefit Payment Paid To :Joseph Petrick Gross amount $9,367.01 Withholding $1,873.40 08/22/2005 Transfer Between Accounts -Disbursement -1,873.40 Federal Withholding -STC Paid To : Acct # 13950800 -STC TEFRA (Federal Tax) W/H Account Paid For Joseph Petrick 08/22/2005 Cash Disbursement -10,302.30 Lump Sum Benefit Payment Paid ~To :Michael Knapp Gross Amount $12,877.88 Withholding $2;575.58 Check #800406 ~ 08/24/2005 Dividend 90.00 Payable On 08/24/2005 Mdc Holdings Inc Com 500 Shares At 0.18 LARGE FONT - Transactions (2 col) . NEYVTRNH Page 28 • August 01, 2005 To S~ber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 08/29/2005 Dividend 199.38 Payable On 08/15/2005 Abbott Laboratories 725 Shares At 0.275 08/30/2005 Dividend 96.80 Payable On 08/30/2005 Schering-Plough Corp 1760 Shares At 0.055 08/30/2005 Cash Receipt ~ 3,133.36 Employee Contributions PPE 08/20/05 08/30/2005 Cash Receipt 4,999.20 Employer Contribution PPE 08/20/05 08/30!2005 Cash Receipt 19,438.06 Employer Contribution 08/31/2005 Dividend 413.00 Payable On 08/31/2005 Simon Property Group Inc Com 590 Shares At 0.70 08/31/2005 Dividend 27.50 Payable On 08/31/2005 Landstar System Inc 1100 Shares At 0.025 08/31/2005 Dividend 582.00 Payable On 08/31/2005 Apartment Invt & Mgmt Co -A 970 Shares At 0.60 LARGE FONT - 7ransactlons (2 col) - NEN/TRNH Page 29 • August 01, 2005 To ~mber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description 08/31/2005 Dividend Payable On 08/29/2005 Gunge Limited . 700 Shares At 0.15 09/01/2005 Dividend Payable On 09/01/2005 Murphy Oil Corp 740 Shares At 0.1125 09/01/2005 Dividend ' Payable On 09/01%2005 _ .. _.. Protective Life Protective_Life 960 Shares At 0.195 ' 09/01/2005 Dividend Payable On 09/01/2005 Entergy Corp 500 Shares At 0.54 09/01 /2005 Interest Goldman Sachs Treasury Obligations Fd Payable On 08/31/2005 09/01/2005 Transfer Between Accounts -Disbursement Federal Withholding -STC Paid To : Acct # 13950800 -STC TEFRA (Federal Tax) W/H Account To reflect fed tax paid for Michael Knapp 09/02/2005 Dividend Payable On 09/02/2005 Boeing Co 620 Shares At 0.25 09/06/2005 Dividend Payable On 09/06/2005 Rockwell Collins Inc 780 Shares At 0.12 Income Principal 105.00 83.25 187.20 270.00 128.50 -2,575.58 155.00 93.60 LARGE FONT -Transactions (2 col) - NEYVTRNH Page 30 • August 01, 2005 To S~ber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 09/06/2005 Cash Disbursement Miscellaneous Expense Paid To :Gabriel, Roeder, Smith & Company Benefit calculation Campbell 09/06/2005 Cash Disbursement Miscellaneous Expense Paid To : Bogdahn Consulting LLC 3rd quarter fee 09/06/2005 Cash Disbursement Miscellaneous Expense Paid To :Hansen, Perry & Jensen Legal services for Public Safety Pension 09/06/2005 Cash Disbursement Miscellaneous Expense Paid To :Business Services Connection Inc. Minutes of 05/10/05 09/06/2005 Cash Disbursement Miscellaneous Expense Paid To :Gabriel, Roeder, Smith & Company Prepare page 6A for inclusion in 2004 annual report to division of retirement 09/06/2005 Cash Disbursement Miscellaneous Expense Paid To :Rockwood Capital Advisors Management fees for 2nd quarter 09/08/2005 Dividend Payable On 09/08/2005 Indymac Bancorp Inc Com 1020 Shares At 0.40 -250.00 -2,000.00 -866.37 -165.20 -550.00 -2,625.76 408.00 LARGE FONT -Transactions (2 col) - NEWTRNH Page 3! • August 01, 2005 To ~mber 30, 2005 Account Name : Tequesta Public Safety • Account No :80103784 Transactions Date Description Income Principal 09/09/2005 Dividend Payable On 09/09/2005 146.00 Carnival Corp 730 Shares At 0.20 09/09/2005 Stock Split On 09/08/2005 Precision Castparts Corp Units Received 480 New Share Value Is 960 09/12/2005 Dividend Payable On 09/12/2005 76.50 Loews Corp 510 Shares At 0.15 09/12/2005 Sold On 09/07/2005 1040 Units 35,317.34 Telecom Corp New Zealand Ltd 1040 Units At $ 33.9804 Through Lynch Jones & Ryan 09/12/2005 Sold On 09/07/2005 850 Units Toro Co Com 32,942.16 850 Units At $ 38.7771 Through Lynch Jones & Ryan 09/12/2005 Purchased On 09/07/2005 1340 Units -39,529.46 Performance Food Group Co 1340 Units At $ 29.4796 Per Unit Through Lynch Jones & Ryan 09/12/2005 Purchased On 09/07/2005 880 Units Walgreen Co -39,986.58 880 Units At $ 45.4193 Per Unit Through Lynch Jones & Ryan 09/12/2005 Cash Receipt Miscellaneous Receipt 7,908.42 LARGE FONT -Transactions (2 col) - NEWTRNH Page 3? • August 01, 2005 To S~ber 30, 2005 Account Name : Tequesta Public Safety • Account No :80103784 Transactions . Date Description Income Principal 09/15/2005 Interest 2,887.50 FNMA 5.500% 03/15/11 Payable On 09/15/2005 Received On 105000 Units 09/15/2005 Purchased On 09/12/2005 54589.1 Units -55,813.09 FNMA Pass Thru Pool #735503 6.000% 04/01/35 54589.1 Units At $ 102.24 Per Unit Through Cantor Fitzgerald & Co. 09/15/2005 Purchase Accrued Interest -127.37 FNMA Pass Thru Pool #735503 6.000% 04/01/35 To 09/15/2005 09/16/2005 Dividend 375.10 Payable On 09/16/2005 Duke Energy Corp 1210 Shares At 0.31 09/16/2005 Interest 875.00 FHLMC 3.500% 09/15/07 Payable On 09/15/2005 Received On 50000 Units 09/16/2005 Mortgage Backed -GNMA Principal 93.08 On 09/15/2005 GNMA Pass Thru Pool #599190 6.000% 03/15/35 09/16/2005 Mortgage Backed -GNMA Interest 497.71 GNMA Pass Thru Pool #599190 6.000% 03/15/35 Payable On 09/15/2005 Received On 99542.13 Units Principal Balance Reduction of 93.080000 09/16/2005 Mortgage Backed -GNMA Principal 101.51 On 09/15/2005 GNMA Pass Thru Pool #640896 7.000% 04/15/35 LARGE FONT -Transactions (2 col) - NEN/TRNH Page 33 • August 01, 2005 To ~mber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 09/16/2005 Mortgage Backed -GNMA Interest 695.71 GNMA Pass Thru Pool #640896 7.000% 04/15/35 Payable On 09/15/2005 Received On 119264.62 Units Principal Balance Reduction of 101.510000 09/16/2005 Mortgage Backed -GNMA Principal 9,756.46 On 09/15/2005 GNMA Pass Thru Pool #640208 6.500% 03/15/35 09/16/2005 Mortgage Backed -GNMA Interest 702.64 GNMA Pass Thru Pool #640208 6.500% 03/15/35 Payable On 09/15/2005 Received On 129719.01 Units Principal Balance Reduction of 9756.460000 09/16/2005 Mortgage Backed -GNMA Principal 102.43 On 09/15/2005 GNMA Pass Thru Pool #641273 4.500% 04/15/35 09/16/2005 Mortgage Backed -GNMA Interest GNMA Pass Thru Pool #641273 4.500% 04/15/35 Payable On 09/15/2005 Received On 79484.56 Units Principal Balance Reduction of 102.430000 09/19/2005 Dividend Payable On 09/16/2005 Telecom Corp New Zealand Ltd ADR 1040 Shares At 1.32118 09/19/2005 Foreign Tax Withholding Foreign Tax Withheld Related To Asset :Telecom Corp New Zeaiand Ltd ADR Less :15.00% New Zealand Tax 298.07 1,374.03 -206.10 LARGE FONT -Transactions (2 col) - NEYYTRNH Page 34 • August 01, 2005 To S•nber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Transactions Date Description Income Principal 09/23/2005 Cash Receipt 63,412.24 Contribution State of Florida 09/23/2005 Cash Receipt 65,700.10 Contribution State of Florida 09/26/2005 Dividend 105.00 Payable On 09/23/2005 Halliburton Co 840 Shares At 0.125 09/26/2005 Adjust Taxlot Shares Of 0.01 GNMA Pass Thru Pool #640896 7.000% 04/ New Share Value Is 119163.12 To reflect correct unit value 09!27/2005 Cash Receipt 3,803.93 Employee Contributions PPE 09/17/05 09/27/2005 Cash Receipt 6,030.83 Employer Contribution PPE 09/17/05 09/28/2005 Sold On 09/12/2005 40000 Units 39,445.31 U S Treasury Note 2.500% 09/30/06 40000 Units At $ 98.613275 Through DB Alex Brown 09/28/2005 Accrued Interest Received 459.02 U S Treasury Note 2.500% 09/30/06 Par Value Of 40,000.00 09/29/2005 Cash Receipt 5,918.56 Contribution Monies due from the VOT General Employees Pension LARGE FONT - Transactions (2 col) - NEVYTRNH Page 35 • August 01, 2005 To ~mber 30, 2005 Account Name : Tequesta Public Safety • Account No :80103784 Transactions Date Description Income Principal 09/30/2005 Dividend 152.50 Payable On 09/30/2005 Lockheed Martin Corp 610 Shares At 0.25 09/30/2005 Dividend 216.30 Payable On 09/30/2005 CenterPoint Energy Inc 3090 Shares At 0.07 09/30!2005 Interest 1,025.00 FHLB Series X209 4.100% 03/30/09 Payable On 09/30/2005 Received On 50000 Units 09/30/2005 Dividend 39.50 Payable On 09/30/2005 Sprint Nextel Corp 1580 Shares At 0.025 09/30/2005 Purchased On 09/29/2005 50000 Units -52,165.15 FHLMC 5.750% 03/15/09 50000 Units At $ 104.3303 Per Unit Through First Tennessee 09/30/2005 Purchase Accrued Interest -119.79 FHLMC 5.750% 03/15!09 To 09/30/2005 09/30/2005 Purchased On 09/29/2005 50000 Units -49,303.85 FHLMC 3.500% 09/15/07 50000 Units At $ 98.6077 Per Unit Through First Tennessee 09/30/2005 Purchase Accrued Interest -72.92 FHLMC 3.500% 09/15/07 To 09/30/2005 LARGE FONT -Transactions (2 coi) - NEWTRNH Page 36 • Account Name : Tequesta Public Safety August 01, 2005 To ~ber 30, 2005 • Account No :80103784 Transactions Date Description Income Principal Short Term Investment Summary 08/01 /2005 To 09/30/2005 19 Purchase(s) For 7 Sale(s) For * * * Ending Balances 0.00 -296,285.26 0.00 194,186.61 s o.oo s o.oo LARGE FONT -Transactions (2 col) - NEWTRNH Page 37 . August 01, 2005 To ~mber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 Gain (Loss) On Sale Of Assets Prior Period Ending Market Value Proceeds Gain/(Loss) (Aggregate Cost Basis) Deutsche Telekom Ag-Spon Adr Com 35,999.60 35,899.45 -100.15 Sold 1820 Shares At 19.75 Per Share, Less Expenses Trade Date :08/05/2005 Settlement Date :08/10/2005 Broker: Lynch Jones & Ryan Dow Chemical 38,360.00 38,163.52 -196.48 Sold 800 Shares At 47.73 Per Share, Less Expenses Trade Date :08/05/2005 Settlement Date :08/10/2005 Broker: Lynch Jones & Ryan GNMA Pass Thru Pool #599190 6.000% 03/15/35 95.23 92.57 -2.66 GNMA Pass Thru Pool #599190 6.000% 03/15/35 95.75 93.08 -2.67 GNMA Pass Thru Pool #640208 6.500% 03/15!35 128.03 122.48 -5.55 GNMA Pass Thru Pool #640208 6.500% 03/15/35 10,198.33 9,756.46 -441.87 GNMA Pass Thru Pool #640896 7.000% 04/15/35 400.72 379.46 -21.26 GNMA Pass Thru Pool #640896 7.000% 04/15/35 107.20 101.51 -5.69 GNMA Pass Thru Pool #641273 4.500% 04/15/35 103.46 106.64 3.18 GNMA Pass Thru Pool #641273 4.500% 04/15/35 99.38 102.43 3.05 Goldman Sachs Treasury Obligations Fd 194,186.61 194,186.61 0.00 The Amount Shown Is The Net Of Withdrawls For The Entire Period Telecom Corp New Zealand Ltd ADR 35,724.00 35,317.34 -406.66 Sold 1040 Shares At 33.98 Per Share, Less Expenses Trade Date :09/07/2005 Settlement Date :09/12/2005 Broker: Lynch Jones 8 Ryan EBR2GLS-Gain(Loss) on Sale of Asset Pale 38 • Account Name : Tequesta Public Safety August 01, 2005 To S~nber 30, 2005 • Account No :80103784 Gain (Loss) On Sale Of Assets Prior Period Ending Market Value Proceeds Cain/(Loss) (Aggregate Cost Basis) Toro Co Com 34,204.00 32,942.16 -1,261.84 Sold 850 Shares At 38.78 Per Share, Less Expenses Trade Date :09/07/2005 Settlement Date :09/12/2005 Broker: Lynch Jones & Ryan U S Treasury Note 2.500% 09/30/06 39,350.00 39,445.31 95.31 Sokl 40000 Par Value At 98.61 Per ,Less Expenses Trade Date :09112/2005 Settlement Date :09/15/2005 Broker: DB Alex Brown Tota! Gain (Loss) On Sales 389,052.31 386,709.02 -2,343.29 EBR2GLS-Galn(Loss) on Sale o/Asset Papa 3Y • Account Name : Tequesta Public Safety List Of Assets August 01, 2005 To ~mber 30, 2005 • Account No :80103784 Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price Cash 0.00 0.00 0.00 Short Term Investments Goldman Sachs Treasury Obligations Fd 128,571.06 1.00 128,571.06 0.00 128571.06 Par Value Fixed Income U S Government & Agencies FHLB 4.700% 10/04/2011 49,531.25 0.988125 49,406.25 -125.00 50000 Par Value FHLB Series UD09 5.250% 02/13/2009 25,664.06 1.022812 25,570.31 -93.75 25000 Par Value FHLB Series X209 4.100% 03/30/2009 49,500.00 0.987813 49,390.63 -109.37 50000 Par Value FHLMC 5.750% 03/15/2009 52,165.15 1.04 52,000.00 -165.15 50000 Par Value FHLMC 3.500% 09/15/2007 98,647.60 0.984688 98,468.75 -178.85 100000 Par Value FNMA 5.500% 03/15/2011 110,250.00 1.044375 109,659.38 -590.62 105000 Par Value GNMA Pass Thru Pool #599190 6.000% 03/15/2035 102,306.00 1.02445 101,880.62 -425.38 99449.05 Par Value GNMA Pass Thru Pool #640208 6.500% 03/15/2035 125,395.68 1.040506 124,821.80 -573.88 119962.55 Par Value GNMA Pass Thru Pool #640896 7.000% 04/15/2035 125,839.43 1.051444 125,293.34 -546.09 119163.12 Par Value GNMA Pass Thru Pool #641273 4.500% 04/15/2035 77,014.83 0.962651 76,417.28 -597.55 79382.13 Par Value U S Treasury Note 3.125% 01/31/2007 39,500.00 0.986563 39,462.50 -37.50 40000 Par Value EBR2LOA-List of Assets Page ~ August 01, 2005 To :~nber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price U S Treasury Note 4.000% 02/15/2015 43,973.44 0.973438 43,804.69 -168.75 45000 Par Value U S Treasury Note 3.000% 11/15/2007 97,781.25 0.976563 97,656.25 -125.00 100000 Par Value U S Treasury Note 6.000% 08/15/2009 74,834.38 1.063438 74,440.63 -393.75 70000 Par Value Total U S Government & Agencies 1,072,403.07 1,068,272.43 -4,130.64 Corporate Obligations FNMA Pass Thru Pool #735503 6.000% 04/01/2035 55,813.09 1.016876 55,510.37 -302.72 54589.1 Par Value Total Corporate Obligations 55,813.09 55,510.37 -302.72 Total Fixed Income 1,128,216.16 1,123,782.80 -4,433.36 Equity Equity Abbott Laboratories 33,806.75 42.40 30,740.00 -3,066.75 725 Shares Apache Corp 42,408.00 75.22 46,636.40 4,228.40 620 Shares Apartment Invt 8 Mgmt Co -A 37,587.50 38.78 37,616.60 29.10 970 Shares Baxter International Inc 39,270.00 39.87 39,870.00 600.00 1000 Shares Boeing Co 40,926.20 67.95 42,129.00 1,202.80 620 Shares Bunge Limited 42,973.00 52.62 36,834.00 -6,139.00 700 Shares Carnival Corp 38,252.00 49.98 36,485.40 -1,766.60 730 Shares EBR2LOA-List ofAaaets Pays *~ • August 01, 2005 Tomber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price Caterpillar Inc 43,128.00 58.75 47,000.00 3,872.00 800 Shares CenterPoint Energy Inc 42,456.60 14.87 45,948.30 3,491.70 3090 Shares Chesapeake Energy Corp 46,736.90 38.25 68,467.50 21,730.60 1790 Shares Deere 8 Co 41,176.80 61.20 34,272.00 -6,904.80 560 Shares Duke Energy Corp 35,743.40 29.17 35,295.70 -447.70 1210 Shares EI Paso Corp 42,480.00 13.90 49,206.00 6,726.00 3540 Shares Entergy Corp 38,970.00 74.32 37,160.00 -1,810.00 500 Shares Goodyear Tire 8~ Rubber Co 53,622.80 15.59 48,017.20 -5,605.60 3080 Shares Graco Inc 37,465.40 34.28 33,594.40 -3,871.00 980 Shares Halliburton Co 47,082.00 68.52 57,556.80 10,474.80 840 Shares Indymac Bancorp Inc Com 44,482.20 39.58 40,371.60 -4,110.60 1020 Shares Landstar System Inc 36,652.00 40.03 44,033.00 7,381.00 1100 Shares Lennar Corp 40,362.00 59.76 35,856.00 -4,506.00 600 Shares Lockheed Martin Corp 38,064.00 61.04 37,234.40 -829.60 610 Shares Loews Corp 42,651.30 92.41 47,129.10 4,477.80 510 Shares EBR2LOA-Ust of Assets Page 42 • August 01, 2005 To S~tber 30, 2005 • Account Name : Tequesta Public Safety Account No :80103784 List Of Assets Prior Period Current Current Unrealized Ending Market Value Market Unit Market Value Gain/(Loss) (Aggregate Market Value) Price Mdc Holdings Inc Com 42,710.00 78.89 39,445.00 -3,265.00 500 Shares Murphy Oil Corp 39,249.60 49.87 36,903.80 -2,345.80 740 Shares P G & E Corp 39,511.50 39.25 41,212.50 1,701.00 1050 Shares Performance Food Group Co 39,529.46 31.53 42,250.20 2,720.74 1340 Shares Precision Castparts Corp 43,190.40 53.10 50,976.00 7,785.60 960 Shares Protective Life Protective Life 41,817.60 41.18 39,532.80 -2,284.80 960 Shares Rockwell Collins Inc 38,064.00 48.32 37,689.60 -374.40 780 Shares Schering-Plough Corp 36,643.20 21.05 37,048.00 404.80 1760 Shares Seagate Technology 41,070.05 15.85 34,315.25 -6,754.80 2165 Shares Simon Property Group Inc Com 47,046.60 74.12 43,730.80 -3,315.80 590 Shares Sprint Nextel Corp 42,502.00 23.78 37,572.40 -4,929.60 1580 Shares Swift Energy Co 52,198.40 45.75 58,560.00 6,361.60 1280 Shares Tenet Healthcare Corp 34,113.40 11.23 31,556.30 -2,557.10 2810 Shares Timberland Co -CIA 32,712.40 33.78 33,104.40 392.00 980 Shares VeriSign Inc 32,887.50 21.37 26,712.50 -6,175.00 1250 Shares EBR2LOA-List of Assets pie ~ • Account Name : Tequesta Public Safety List Of Assets August 01, 2005 To ~mber 30, 2005 Prior Period Current Current Ending Market Value Market Unit Market Value (Aggregate Market Value) Price • Account No :80103784 Un rea 1 ized Gain/(Loss) Volvo Ab-Sponsored Adr 35,436.50 43.70 37,145.00 1,708.50 850 Shares Walgreen Co 39,986.58 43.45 38,236.00 -1,750.58 880 Shares Total Equity 1,584,988.04 1,597,443.95 12,477.91 Total Equity 1,584,968.04 1,597,443.95 12,477.91 TOTAL INVESTMENTS MARKET VALUE 2,841,753.26 2,849,797.81 8,044.55 TOTAL ACCRUED INCOME 7,502.19 7,502.19 NET ASSETS 2,849,255.45 2,857,300.00 8,044.55 E8R2LOA-Llst of Assets pie ~ • Account Name : Tequesta Public Safety Brokerage Commissions August 01, 2005 To ~ber 30, 2005 • Account No :80103784 Non-Directed Directed Broker Name No. of Trades Commission Amt No. of Trades Commission Amt BNY Brokerage 1 43.30 0 0.00 Lynch Jones 8 Ryan 6 134.60 0 0.00 Total 7 177.90 0 0.00 EBR2BRC-Broker Commisslons Page 45 SALEM TRUST C O M P A N Y September 14, 2005 To our valued clients, All of the professionals at Salem Trust Company are proud of our wholehearted dedication toward our clients. This purpose motivates us to constantly improve our long term resources. Recently, we invested in improved recordkeeping infrastructures which will deliver monthly statements that are both more sophisticated and easier to read. You will notice that your statement now reflects the dates of securities' settlements. In the long run we think this will be more useful to you than trade date reporting. We also feel that you will appreciate the clarity and ease of use of these new statements. On behalf of everyone at Salem Trust, I wanted to personally explain the tardiness of the first month of these new statements. Everyone in our organization worked very hard, sometimes even around the clock, during our • system's transition. Although we did avoid serious problems, such as an extended blackout period, last minute technological complications forced a delay before the release of the first month of statements. As with all investments, our investment in new technology has had a cost. I apologize for the delay of statements during this first month, but I hope you will understand our commitment toward being the best possible partner for you. I believe that the cost to you of the first month's delayed statement will be offset by the years and years of better service we can now provide through our new system. Please contact me at 954-426-5772, or your Salem Trust Relationship Manager, if you have any questions or concerns. Sincerely, 1 Bradley Rinsem • President and Chief Executive Officer DEERFIELD 6EACH JACKSONVILLE TAMPA =};i90 WEST KENNEDY BLVD„ SUITE l60 T'A;~-iP,q, fL 33609 TEL (K'71 3_~Z-v767 FAX (R13) 301-129i iviuu~. salemtrust.corn • • • S SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 0000000226 I~~II~~~II~~I~~I~11~~1~1~~~1~1~1 VILLAGE OF TEQUESTA ATTN: GWEN CARLISLE 250 TEQUESTA DR., STE 300 TEQUESTA FL 33469-0273 ~ q~ C~~~FO `~.`~~' ~17517/UU3 2 J7 Y7 / aoeo VwwvVCCV-• ~ . ~ ~~ ~.. ~~ SALEM TRUST - C O M P A N Y Post Office Box 30010 Durham, NC 27702 YOUR ADMINISTRATIVE OFFICER IS: KAREN M RUSSO / JC 954-426-5770 TRUST ACCOUNTING STATEMENT FOR THE PERIOD FROM 07/01/2005 TO 07/31/2005 7062037849 FORETEQUESTACPUBLIC SAFETYTODIAN PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE VILLAGE OF TEQUESTA ATTN: GWEN CARLISLE 250 TEQUESTA DR., STE 300 TEQUESTA FL 33469-0273 PLEASE CONTACT YOUR ACCOUNT ADMINISTRATOR AT THE NUMBER LISTED ABOVE SHOULD YOU HAVE ANY QUESTIONS CONCERNING YOUR ACCOUNT. 1 /bl //UUJ J Jl Zl / DbJtl VUUUUUUGGO-- SALEM TRUST _ C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 TABLE OF CONTENTS THROUGH 07/31/2005 SALEM TRUST COMPANY AS CUSTODIAN ACCOUNT # 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: 30DY FORSYTHE SCHEDULE OF ADJUSTMENTS ............................................. 1 SUMMARY OF ACCOUNT ACTIVITY ......................................... 3 BALANCE SHEET ....................................................... 4 SUMMARY OF EARNINGS ................................................. 5 INVESTMENT REVIEW ................................................... 7 SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS .......................... 12 CHRONOLOGICAL SCHEDULE OF TRANSACTIONS .............................. 13 SCHEDULE OF INCOME .................................................. 18 SCHEDULE OF PURCHASES ............................................... 23 SCHEDULE OF REALIZED GAINS & LOSSES ................................. 24 SCHEDULE OF BROKERAGE COMMISSIONS ................................... 27 SCHEDULE OF FEES AND OTHER EXPENSES ................................. 28 17517/003 4 31 217 5638 0000000226-- • • SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 SCHEDULE OF ADJUSTMENTS PAGE 1 THROUGH 07/31/2005 SALEM TRUST COMPANY AS CUSTODIAN ACCOUNT # 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE 06/30/2005 (SETTLE 07/06/2005) DUE FROM BKR 39,600.00 SOLD 40,000 UNITS UNITED STS INVESTMENTS 39,585.94- TREAS NOTES DTD 4/30/04 2.25% MARKET VALUE 39,589.20- 04/30/2006 ON 06/30/2005 AT CUSIP# 912828CF5 99.00 THRU DEUTSCHE BANK SECURITIES INC 06/30/2005 (SETTLE 07/06/2005) DUE TO BKR 39,696.88 PURCHASED 40,000 UNITS UNITED INVESTMENTS 39,696.88 STS TREAS NOTES DTD 1/31/05 MARKET VALUE 39,696.88 3.125% 01/31/2007 ON 06/30/2005 CUSIP# 912828DJ6 AT 99.2422 THRU MORGAN STANLEY 06/30/2005 (SETTLE 07/06/2005) DUE TO BKR 45,079.10 PURCHASED 45,000 UNITS UNITED INVESTMENTS 45,079.10 STS TREAS NOTES DTD 02/15/2005 MARKET VALUE 45,079.10 0% 02/15/2015 ON 06/30/2005 AT CUSIP# 912828DM9 100.1758 THRU UBS SECURITIES LLC /UU:i 5 J1 L1 / aOJtl uwwwcro-- ~" • SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 SCHEDULE OF ADJUSTMENTS PAGE 2 THROUGH 07/31/2005 SALEM TRUST COMPANY AS CUSTODIAN ACCOUNT # 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA , ATTN: JODY FORSYTHE ADJUSTED BALANCES AS OF 06/30/2005 CASH DUE FROM BROKERS ACCRUED INCOME TOTAL CASH & RECEIVABLES CASH AND EQUIVALENTS MONEY MARKET FUNDS TOTAL CASH AND EQUIVALENTS FIXED INCOME U.S. OBLIGATIONS FEDERAL AGENCIES FEDERAL AGENCIES - MORTGAGE BACK TOTAL FIXED INCOME EQUITIES COMMON STOCKS TOTAL EQUITIES TOTAL HOLDINGS TOTAL ASSETS DUE TO BROKERS TOTAL LIABILITIES TOTAL NET ASSET VALUE TOTAL LIABILITIES AND EQUITY ENDING ADJUSTED ENDING ADJUSTED COST BASIS COST BASIS MARKET VALUE MARKET VALUE - - - - - - - - - - - - - -ASSE TS - - - - - - - - - - - - - - 0.00 0.00 0.00 0.00 0.00 39,600.00 0.00 39,600.00 9,503.38 9,503.38 9,503.38 9,503.38 9,503.38 49,103.38 9,503.38 49,103.38 52,162.05 52,162.05 52,162.05 52,162.05 52,162.05 52,162.05 52,162.05 52,162.05 253,194.53 298,384.57 253,661.40 298,848.18 286,537.44 286,537.44 288,354.50 288,354.50 447,686.76 447,686.76 444,353.18 444,353.18 987,418.73 1,032,608.77 986,369.08 1,031,555.86 1,461,124.50 1,461,124.50 1,532,182.60 1,532,182.60 1,461,124.50 1,461,124.50 1,532,182.60 1,532,182.60 2,500,705.28 2,545,895.32 2,570,713.73 2,615,900.51 2,510,208.66 2,594,998.70 2,580,217.11 2,665,003.89 - - - - - - - - - - - - L I A B I L Y T I E S - - - - - - - - - - - 0.00 84,775.98 0.00 84,775.98 84,775.98 84,775.98 2,510,208.66 2,510,222.72 2,580,217.11 2,580,227.91 2,510,208.66 2,594,998.70 2,580,217.11 2,665,003.89 '517/003 6 31 217 5638 0000000226-- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 MARKET VALUE AS OF 07/01/2005 GAIN AND LOSS DIVIDENDS INTEREST LESS BEGINNING ACCRUED INCOME ACCRUED INCOME REALIZED GAIN OR LOSS UNREALIZED GAIN OR LOSS TOTAL GAIN AND LOSS SUMMARY OF ACCOUNT ACTIVITY SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION .FUND VILLAGE OF TEQUESTA ATTN: ]ODY FORSYTHE RECEIPTS EMPLOYER EMPLOYEE TOTAL RECEIPTS DISBURSEMENTS FEES TOTAL DISBURSEMENTS 1,047.50 1,201.55 9,503.38- 11,440.90 2,157.32- 74,489.77 10,871.45 6,809.41 1,242.84- • • 76,519.02 17,680.86 1,242.84- PAGE 3 ACCOUNT # 7062037849 2,580,227.91 TOTAL MARKET VALUE AS OF 07/31/2005 2,673,184.95 17517!003 7 31 11 / DtlJtf uwwwcco-- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THETHROUGH 07% 1%2005 CASH DUE FROM BROKERS ACCRUED INCOME TOTAL CASH & RECEIVABLES CASH AND EQUIVALENTS MONEY MARKET FUNDS TOTAL CASH AND EQUIVALENTS FIXED INCOME U.S. OBLIGATIONS FEDERAL AGENCIES FEDERAL AGENCIES - MORTGAGE BACK TOTAL FIXED INCOME EQUITIES COMMON STOCKS TOTAL EQUITIES TOTAL HOLDINGS TOTAL ASSETS DUE TO BROKERS TOTAL LIABILITIES TOTAL NET ASSET VALUE TOTAL LIABILITIES AND EQUITY ~~ ~~ BALANCE SHEET SALEM TRUST COMPANY AS CUSTODIAN ACCOUNT PAGE 4 # 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE AS OF 07/01/2005 COST VALUE MARKET VALUE AS OF COST VALUE 07/31/2005 MARKET VALUE - - - - - - -ASSETS - - - - - - - - - - - - - - 0.00 0.00 00 39,600.00 600 39 0.00 0.00 0.00 0.00 . , 9,503.38 9,503.38 38 103 11,440.90 440 90 11 11,440.90 11,440.90 . 49,103.38 49, . , 52,162.05 52,162.05 298,384.57 286,537.44 447,686.76 1,032,608.77 52,162.05 52,162.05 298,848.18 288,354.50 444,353.18 1,031,555.86 26,472.41 26,472.41 298,384.57 286,537.44 447,273.62 1,032,195.63 26,472.41 26,472.41 295,437.35 284,289.50 441,784.74 1,021,511.59 1,461,124.50 1,461,124.50 1,532,182.60 1,532,182.60 1,458,581.05 1,458,581.05 1,613,760.05 1,613,760.05 2,545,895.32 2,615,900.51 2,517,249.09 2,661,744.05 2,594,998.70 2,665,003.89 2,528,689.99 2,673,184.95 _ _ _ _ _ _ _ _ - - L I A B I L I T I E S - - - - - - - - - - - 84,775.98 84,775.98 0.00 0.00 84,775.98 84,775.98 2,510,222.72 2,580,227.91 2,528,689.99 2,673,184.95 2,594,998.70 2,665,003.89 2,528,689.99 2,673,184.95 i 7517/003 8 31 217 5638 0000000226-- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 SUMMARY OF EARNINGS SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE CONTRIBUTIONS EMPLOYER 10,871.45 EMPLOYEE 6,809.41 TOTAL CONTRIBUTIONS INCOME EARNED DIVIDENDS 744.38 INTEREST 3,442.19 TOTAL INCOME EARNED UNREALIZED GAIN IN THE PERIOD TOTAL INCREASES IN FUND VALUE • 17,680.86 4,186.57 74,489.77 PAGE 5 ACCOUNT # 7062037849 96,357.20 • SALEM TRUST C O M P A N Y Post Office f3ox 30010 Durham, NC 27702 FOR THETHROUGH 07%31%2005 SUMMARY OF EARNINGS SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE FEES AND OTHER EXPENSES FEES 1,242.84 TOTAL FEES AND OTHER EXPENSES REALIZED LOSS FROM DISPOSITION OF ASSETS TOTAL DECREASES IN FUND VALUE NET CHANGE IN NET ASSET VALUE CALCULATION OF UNREALIZED GAIN/LOSS: MARKET VALUE OF ASSETS AT END OF PERIOD 2,661,744.05 LESS COST AT END OF PERIOD 2,517,249.09 PLUS BEGINNING COST OF ASSETS 2,545,895.32 LESS BEGINNING MARKET VALUE OF ASSETS 2,615,900.51 • __ __ ._._ ~. PAGE 6 ACCOUNT # 7062037849 1,242.84 2,157.32 3,400.16 92,957.04 EQUALS UNREALIZED GAIN/LOSS IN THE PERIOD 74,489.77 MARKET VALUE AND COST FIGURES DO NOT INCLUDE CASH AND ACCRUED INCOME 7517/003 10 31 217 5638 0000000226-- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 • • INVESTMENT REVIEW FOR THE ACCOUNT OF PAGE 7 SALEM TRUST COMPANY AS CUSTODIAN ACCT 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND ASSETS HELD 07/31/2005 VILLAGE OF TEQUESTA VALUED AS OF 07/31/2005 ATTN: JODY FORSYTHE INVESTMENT OFFICER..........ROCKWOOD CAPITAL ADVISORS, LLCINVESTMENT OBJECTIVE........ ADMINISTRATIVE OFFICER......KAREN M RUSSO / JC INVESTMENT AUTHORITY........NONE TRUST TAX FILING STATUS..... INVESTMENT RESPONSIBILITY...RESTRICTED TRUST TAX YEAR END.......... ACCOUNT TYPE ................EMPLOYEE BENEFIT-CUSTODIAN GAINS TAXED TO .............. DATE FUNDED.................04/06/2005 INCOME TAXED TO ............. REVIEW CYCLE................ TRUST ADJUSTED TAX BRACKET.. PREVIOUS MARKET VALUE....... TRUST SITUS .................FLORIDA PREVIOUS MARKET VALUE DATE.. BEGIN TERMINATION........... TRANSFER TO PRINCIPAL....... FINAL TERMINATION........... GREENHILL PARTICIPANT.......NO ACCOUNT RESTRICTIONS: SIMS MODEL # ................ SIMS MODEL FREQUENCY........ TAX LOSS CARRYFORWARD SHORT TERM TAX LOSS CARRYFORWARD ~- ~' • SALEM TRUST C O M P A N. Y Post Office Box 30010 Durham, NC 27702 SUMMARY OF INVESTMENTS PAGE 8 SALEM TRUST COMPANY AS CUSTODIAN ACCT 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND ASSETS HELD 07/31/2005 VILLAGE OF TEQUESTA VALUED AS OF 07/31/2005 ATTN: JODY FORSYTHE ESTIMATED ANNUAL CURRENT CATEGORY MARKET VALUE % .INCOME YIELD CASH b CASH EQUIVALENTS 37,913.31 1.42 659 1.74 FIXED INCOME 1,021,511.59 38.21 49,062 4.80 EQUITY 1,613,760.05 60.37 ------------ ------ 29,015 1.80 --------- ------- TOTAL FUND 2,673,184.95 100.00 78,737 2.95 '517/003 12 31 217 5638 0000000226-- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 SCHEDULE OF INVESTMENTS SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: ]ODY FORSYTHE SHARES OR FACE VALUE DESCRIPTION CASH & CASH EQUIVALENTS ACCRUED INCOME s 26,472.41 GOLDMAN SACHS FIN SQ TREASURY OBLIB ADMIN FUND #469 TOTAL CASH & CASH EQUIVALENTS TICKER CUSIP 469 38141W315 • The prices shown on these pages represent the most recent price evaluation available on the last business day of the statement period, normally the last trade price or the bid price in the case of over-the-counter quotations. Where no regular market exists, prices shown are estimates by sources we consider reliable. Price evaluations are obtained from outside parties. While the prices are obtained from sources we consider reliable we cannot guarantee them. PAGE 9 ACCT 7062037849 ASSETS HELD 07/31/2005 VALUED AS OF 07/31/2005 CURRENT CURRENT TAX COST PRICE DT PRICE MARKET % OF VALUE GROUP 11,441 26,472 -------------- 37,913'° 11,440.90 30.18 26,472.41 69.82 ----------------- ------- 537,913.31 100.00% FIXED INCOME 40,000 UNITED STS TREAS NOTES DTD 912828CW8 39,458 08/01/2005 98.371 39,348.40 3.85 40,000 9/30/04 2.5% 09/30/2006 UNITED STS TREAS NOTES DTD 912828D)6 39,697 08/01/2005 98.758 39,503.20 3.87 50,000 1/31/05 3.125% 01/31/2007 FEDERAL HOME LOAN MORTGAGE CORP 3134A4RH9 50,779 08/01/2005 98.688 49,344.00 4.83 100,000 DTD 9/16/OZ 3.5% 09/15/2007 UNITED STS TREAS NOTES DTD 912828AN0 98,332 08/01/2005 97.789 97,789.00 9.57 25,000 11/15/02 3% 11/15/2007 FEDERAL HOME LOAN BANK DTD 3133MLT88 24,800 08/01/2005 102.656 25,664.00 2.51 50,000 2/15/02 5.25% 02/13/2009 FEDERAL HOME LOAN BANK DTD 3133X15Y9 50,000 08/01/2005 99.00 49,500.00 4.85 09/08/2003 SERIES X209 CALLABLE 70,000 9/30/05 @ PAR 4.1% 03/30/2009 UNITED STATES TREASURY NOTES-DTD 9128275N8 75,819 08/01/2005 106.898 74,828.60 7.33 105,000 08/15/99 6% 08/15/2009 FEDERAL NATIONAL MORTGAGE ASSN 31359MHK2 110,959 08/01/2005 105.00 110,250.00 10.79 50,000 DTD 03/26/2001 5.5% 03/15/2011 FEDERAL HOME LOAN BANK DTD 3133X8RQ7 50,000 08/01/2005 99.063 49,531.50 4.85 09/17/2004 CALLABLE 4/25/2005 @ 45,000 100 4.7% 10/14/2011 UNITED STS TREAS NOTES DTD 912828DM9 45,079 08/01/2005 97.707 43,968.15 4.30 99,634.7 02/15/2005 0% 02/15/2015 GNSF POOL# 599190 DTD 3/1/05 6% 36200EUP4 103,496 07/29/2005 102.873 102,497.20 10.03 129,841.49 03/15/2035 GNSF POOL# 640208 DTD 3/1/05 36291WGR6 137,348 07/29/2005 104.529 135,722.01 13.29 119,644.08 6.5% 03/15/2035 GNSF POOL# 640896 DTD 4/1/05 7% 36291W7H8 128,580 07/29/200 5 105.603 126,347.74 12.37 79,591.2 04/15/2035 GNSF POOL# 641273 DTD 4/1/05 36291XMW6 77,850 07/29/2005 97.018 77,217.79 7.56 4.5% 04/15/2035 ~~ .F. ~~ ~/ SALEM TRUST _ C O M P A N Y Post Office f3ox 30070 Durham, NC 27702 SCHEDULE OF INVESTMENTS PAGE 10 SALEM TRUST COMPANY AS CUSTODIAN ACCT 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND ASSETS HELD 07/3 1/2005 VILLAGE OF TEQUESTA VALUED AS OF 07/3 1/2005 ATTN: ]ODY FORSYTHE SHARES OR CURRENT CURRENT MARKET % OF FACE VALUE DESCRIPTION TICKER CUSIP TAX COST PRICE DT PRICE VALUE GROUP TOTAL FIXED INCOME -- ------------ 1,032,197' --- -------------- 51,021,511.59 ------- 100.00% EQUITY 725 ABBOTT LABORATORIES COM ABT 002824100 35,924 08/01/2005 46.63 33,806.75 2.09 620 APACHE CORP APA 037411105 36,574 08/01/2005 68.40 42,408.00 2.63 970 APARTMENT INVT & MGMT CO-A REIT AIV 037488101 37,806 08/01/2005 44.00 42,680.00 2.64 1 000 BAXTER INTL INC COM BAX 071813109 36,580 08/01/2005 39.27 39,270.00 2.43 , 620 BOEING CO COM BA 097023105 36,318 08/01/2005 66.01 40,926.20 2.54 730 CARNIVAL CORP CLASS A COMMON CCL 143658300 36,775 08/01/2005 52.40 38,252.00 2.37 800 PAIRED STOCK CATERPILLAR TRACTOR CO COM CAT 149123101 35,812 08/01/2005 53.91 43,128.00 2.67 3 090 CENTERPOINT ENERGY INC COM CNP 151897107 36,647 08/01/2005 13.74 42,456.60 2.63 , 790 1 CHESAPEAKE ENERGY COM CHK 165167107 36,695 08/01/2005 26.11 46,736.90 2.90 , 560 DEERE AND CO COM DE 244199105 36,294 08/01/2005 73.53 41,176.80 2.55 1 820 DEUTSCHE TELEKOM AG-SPON ADR COM DT 251566105 34,984 08/01/2005 19.78 35,999.60 2.23 , 800 DOW CHEM CO COM DOW 260543103 36,390 08/01/2005 47.95 38,360.00 2.38 210 1 DUKE ENERGY CORP COM DUK 264399106 36,252 08/01/2005 29.54 35,743.40 2.21 , 540 3 EL PASO CORP COM EP 28336L109 36,745 08/01/2005 12.00 42,480.00 2.63 , 500 ENTERGY CORP ETR 293646103 36,010 08/01/2005 77.94 38,970.00 2.41 3 080 GOODYEAR TIRE & RUBR CO COM GT 382550101 36,110 08/01/2005 17.41 53,622.80 3.3Z , 980 GRACO INC COM GGG 384109104 35,897 08/01/2005 38.23 37,465.40 2.32 840 HALLIBURTON CO COM HAL 406216101 36,937 08/01/2005 56.05 47,082.00 2.92 020 1 INDYMAC BANCORP INC COM NDE 456607100 36,842 08/01/2005 43.61 44,482.20 2.76 , 100 1 LANDSTAR SYSTEM INC COM LSTR 515098101 36,069 08/01/2005 33.32 36,652.00 2.27 , 600 LENNAR CORP CL A COM LEN 526057104 34,982 08/01/2005 67.27 40,362.00 2.50 610 LOCKHEED MARTIN CORP COM LMT 539830109 36,136 08/01/2005 62.40 38,064.00 2.36 510 LOEWS CORP COM LTR 540424108 36,449 08/01/2005 83.63 42,651.30 2.64 500 MDC HOLDINGS INC COM MDC 552676108 37,916 08/01/2005 85.42 42,710.00 2.65 740 MURPHY OIL CORP COM MUR 626717102 37,999 08/01/2005 53.04 39,249.60 2.43 050 1 P G & E CORP COM PCG 693310108 36,722 08/01/2005 37.63 39,511.50 2.45 , 480 PRECISION CASTPARTS CORP COM PCP 740189105 36,182 08/01/2005 89.98 43,190.40 2.68 960 PROTECTIVE LIFE PROTECTIVE LIFE PL 743674103 37,022 08/01/2005 43.56 41,817.60 2.59 780 CORP ROCKWELL COLLINS COM COL 774341101 36,356 08/01/2005 48.80 38,064.00 2.36 760 1 SCHERING PLOUGH CORP COM SGP 806605101 36,504 08/01/2005 20.82 36,643.20 2.27 , 590 SIMON PROPERTY GROUP INC COM SPG 828806109 36,757 08/01/2005 79.74 47,046.60 2.92 1 580 SPRINT CORD COM FON 852061100 36,358 08/01/2005 26.90 42,502.00 2.63 , 280 1 SWIFT ENERGY CO COM SFY 870738101 37,461 08/01/2005 40.78 52,198.40 3.23 , 1,040 TELECOM CORP NEW ZEALAND LTD NZT 879278208 36,806 08/01/2005 34.35 35,72.4.00 2.21 2,810 SPONSORED ADR TENET HEALTHCARE CORP COM THC 880336100 34,394 08/01/2005 12.14 34,113.40 2.11 17517/003 14 31 217 5638 0000000226-- SALEM TRUST C O AA P A H Y Post Office Box 30010 Durham, NC 27702 SCHEDULE OF INVESTMENTS SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE SHARES OR FACE VALUE DESCRIPTION TICKER CUSIP 980 TIMERLAND COMPANY-CL A COM TBL 887100105 850 TORO CO COM TTC 891092108 1,250 VERISIGN INC COM VRSN 92343E102 850 VOLVO AB-SPONSORED ADR VOLV 928856400 700 BUNGE LIMITED COM BG 616962105 TOTAL EQUITY PAGE 11 ACCT 7062037849 ASSETS HELD 07/31/2005 VALUED AS OF 07/31/2005 CURRENT CURRENT TAX COST PRICE DT PRICE 36,412 08/01/2005 33.38 36,017 08/01/2005 40.24 36,922 08/01/2005 26.31 37,111 08/01/2005 41.69 36,414 08/01/2005 61.39 1,458,581'ti MARKET % OF VALUE GROUP 32,712.40 2.03 34,204.00 2.12 32,887.50 2.04 35,436.50 2.20 42,973.00 2.66 51,613,760.05 100.00% -------------- ----------------- ------- TOTAL FUND 2,528,691'" 52,673,184.95 100.00% 1 /J 1 /lUUJ I D J I G I I JvJU wvv~vv~._v ~' SALEM TRUST C O M P A N Y Post Oftice Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 SUMMARY OF CASH RECEIPTS AND DISBURSEMENTS SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: ]ODY FORSYTHE R E C E I P T S CASH BALANCE AS OF 07/01/2005 CONTRIBUTIONS EMPLOYER EMPLOYEE TOTAL CONTRIBUTIONS INCOME RECEIVED DIVIDENDS INTEREST TOTAL INCOME RECEIPTS PROCEEDS FROM THE DISPOSITION OF ASSETS TOTAL RECEIPTS D I S B U R S E M E N T S FEES AND OTHER EXPENSES FEES 1,242.84 TOTAL FEES AND OTHER EXPENSES COST OF ACQUISITION OF ASSETS TOTAL DISBURSEMENTS 10,871.45 6,809.41 1,047.50 1,201.55 • 17,680.86 2,249.05 194,517.98 1,242.84 213,205.05 PAGE 12 ACCOUNT # 7062037849 0.00 214,447.89 214,447.89 •': CASH BALANCE AS OF 07/31/2005 0.00 17517/003 16 31 217 5638 0000000226-- . SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 DATE DESCRIPTION CHRONOLOGICAL SCHEDULE OF TRANSACTIONS SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: )ODY FORSYTHE CASH 07/01/2005 BEGINNING BALANCE 07/01/2005 LESS BEGINNING INCOME ACCRUAL 06/30/2005 SOLD 40,000 UNITS UNITED STS TREAS NOTES DTD 4/30/04 2.25% 04/30/2006 ON 06/30/2005 AT 99.00 THRU DEUTSCHE BANK SECURITIES INC 06/30/2005 PURCHASED 40,000 UNITS UNITED STS TREAS NOTES DTD 1/31/05 3.125% 01/31/2007 ON 06/30/2005 AT 99.2422 THRU MORGAN STANLEY 06/30/2005 PURCHASED 45,000 UNITS UNITED STS TREAS NOTES DTD 02/15/2005 0% 02/15/2015 ON 06/30/2005 AT 100.1758 THRU UBS SECURITIES LLC 07/01/2005 DIVIDEND ON GOLDMAN SACHS FIN SQ TREASURY OBLIB ADMIN FUND #469 PAYABLE 06/30/2005 07/05/2005 DIVIDEND ON 3,540 SHS EL PASO CORP COM AT 0.04 PER SHARE PAYABLE 07/05/2005 EX DATE 06/01/2005 07/05/2005 DIVIDEND ON 480 SHS PRECISION CASTPARTS CORP COM AT 0.03 PER SHARE PAYABLE 07/05/2005 EX DATE 06/08/2005 07/05/2005 DEPOSIT GOLDMAN SACHS FIN SQ TREASURY OBLIB ADMIN FUND #469 07/06/2005 ACCRUED INTEREST RECEIVED 40,000 UNITS UNITED STS TREAS NOTES DTD 4/30/04 2.25% 04/30/2006 07/06/2005 ACCRUED INTEREST PAID 40,000 UNITS UNITED STS TREAS NOTES DTD 1/31/05 3.125% 01/31/2007 9,503.38 9,503.38- 39,600.00 39,696.88- 45,079.10- 77.61 141.60 14.40 233.61- 163.86 538.67- • PAGE 13 ACCOUNT # 7062037849 COST 2,545,895.32 39,585.94- 39,696.88 45,079.10 0.00 0.00 0.00 233.61 0.00 0.00 • ~, ~- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 DATE DESCRIPTION CHRONOLOGICAL SCHEDULE OF TRANSACTIONS SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE CASH 07/06/2005 ACCRUED INTEREST PAID 45,000 UNITS UNITED STS TREAS NOTES OTD 02/15/2005 0% 02/15/2015 07/06/2005 WITHDRAWAL GOLDMAN SACHS FIN SQ TREASURY OBLIB ADMIN FUND #469 07/12/2005 DIVIDEND ON 850 SHS TORO CO COM AT 0.06 PER SHARE PAYABLE 07/12/2005 EX DATE 06/17/2005 07/12/2005 DEPOSIT GOLDMAN SACHS FIN SQ TREASURY OBLIB ADMIN FUND #469 07/12/2005 RECEIVED FROM VILLAGE OF TEQUESTA EMPLOYEE CONT PPE 6/25/05 07/12/2005 RECEIVED FROM VILLAGE OF TEQUESTA EMPLOYER CONT. PPE 6/25/05 07/12/2005 DEPOSIT GOLDMAN SACHS FIN SQ TREASURY OBLIB ADMIN FUND #469 07/12/2005 PURCHASED 725 SHS ABBOTT LABORATORIES COM ON 07/12/2005 AT 49.53 THRU LYNCH ]ONES and RYAN COMMISSIONS PAID 14.50 07/12/2005 PURCHASED 1,210 SHS DUKE ENERGY CORP COM ON 07/12/2005 AT 29.94 THRU LYNCH JONES and RYAN COMMISSIONS PAID 24.20 07/12/2005 PURCHASED 2,810 SHS TENET HEALTHCARE CORP COM ON 07/12/2005 AT 12.22 THRU LYNCH JONES and RYAN COMMISSIONS PAID 56.20 701.10- 46,251.89 51.00 51.00- 3,336.62 5,337.01 8,673.63- 35,923.75- 36,251.60- 34,394.40- PAGE 14 ACCOUNT # 7062037849 COST 0.00 46,251.89- 0.00 51.00 0.00 0.00 8,673.63 35,923.75 36,251.60 34,394.40 • • ~< SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 CHRONOLOGICAL SCHEDULE OF TRANSACTIONS THROUGH 07/31/2005 SALFORTTEQUES~APPUBLIC SAFE~YIAN PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE DATE DESCRIPTION CASH 07/15/2005 DOOM#N 5991909DTD63/1/0516% GNSF 92.07 03/15/2035 ORIGINAL FACE VALUE 100,000.00 3934 RADIUS CAPITAL CORPORATIO 07/15/2005 INTEREST ON 119,734.96 UNITS GNSF POOL# 640896 DTD 4/1/05 7% 04/15/2035 PAYABLE 07/15/2005 ORIGINAL FACE VALUE 120,000.00 3907 COUNTRYWIDE HOME LOANS SE 07/15/2005 N~%S GNSF 3 1 N PAM 4/1/05 DTD 640896 # 04/15/2035 ORIGINAL FACE VALUE 120,000.00 3907 COUNTRYWIDE HOME LOANS SE 07/15/2005 1 5 N R 3/1/05 DTD 640208 POOL# GNSF 6.5% 03/15/2035 PAYABLE 07/15/2005 ORIGINAL FACE VALUE ` 150,000.00 3907 COUNTRYWIDE HOME LOANS SE 07/15/2005 GNSF " T 5 " 2 Pooh 5% 6 3/1/05 0TD # 640208 03/15/2035 ORIGINAL FACE VALUE 150,000.00 3907 COUNTRYWIDE HOME LOANS SE 07/15/2005 INTEREST ON 79,697.39 UNITS GNSF POOL# 641273 DTD 4/1/05 4.5% 04/15/2035 PAYABLE 07/15/2005 ORIGINAL FACE VALUE 80,000.00 2572 NATIONAL CITY MORTGAGE CO 07/15/2005 NSF D S I 7 ~ 9 N M 5% 4 4/1/05 DTD 273 # 64 OO 04/15/2035 ORIGINAL FACE VALUE 80,000.00 2572 NATIONAL CITY MORTGAGE CO 698.45 90.88 703.90 109.62 298.87 106.19 PAGE 16 ACCOUNT # 7062037849 COST 95.64- 0.00 97.67- 0.00 115.96- 0.00 103.87- 17517/003 20 31 217 5638 0000000226-- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham. NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 DATE DESCRIPTION CHRONOLOGICAL SCHEDULE OF TRANSACTIONS SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE CASH 07/15/2005 DEPOSIT GOLDMAN SACHS FIN SQ 3,403.62- TREASURY OBLIB ADMIN FUND #469 07/19/Z005 RECEIVED FROM VILLAGE OF 3,472.79 TEQUESTA EMPLOYEE CONT. PPE 7/9/05 07/19/2005 RECEIVED FROM VILLAGE OF 5,534.44 TEQUESTA EMPLOYER CONT. PPE 7/9/05 07/19/2005 DEPOSIT GOLDMAN SACHS FIN SQ 9,007.23- TREASURY OBLIB ADMIN FUND #469 07/22/2005 DIVIDEND ON 1,050 SHS MCCORMICK 168.00 & CO COM NON VTG SHS AT 0.16 PER SHARE PAYABLE 07/22/2005 EX DATE 07/06/2005 07/22/2005 DEPOSIT GOLDMAN SACHS FIN SQ 168.00- TREASURY OBLIB ADMIN FUND #469 07/29/2005 DIVIDEND ON 800 SHS DOW CHEM CO 268.00 COM AT 335 PER SHARE PAYABLE 07/29/2005 EX DATE 06/28/2005 07/29/2005 DEPOSIT GOLDMAN SACHS FIN SQ 268.00- TREASURY OBLIB ADMIN FUND #469 07/31/2005 ENDING INCOME ACCRUAL 11,440.90 07/31/2005 ENDING BALANCE 11,440.90 • PAGE 17 ACCOUNT # 7062037849 COST 3,403.62 0.00 0.00 9,007.23 0.00 168.00 0.00 268.00 2,562,439.13 • I /91 //VUJ C I J 1 c l r ./vuv uvvv~.v....~.. SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 DATE DESCRIPTION DIVIDENDS CUSIP # 002824100 ABBOTT LABORATORIES COM SECURITY TOTAL CUSIP # 037411105 APACHE CORP SECURITY TOTAL CUSIP # 149123101 CATERPILLAR TRACTOR CO COM SECURITY TOTAL CUSIP # 165167107 CHESAPEAKE ENERGY COM SECURITY TOTAL CUSIP # 244199105 DEERE AND CO COM SECURITY TOTAL CUSIP # 260543103 DOW CHEM CO COM SECURITY TOTAL CUSIP # 28336L109 EL PASO CORP COM SECURITY TOTAL SCHEDULE OF INCOME PAGE 18 SALEM TRUST COMPANY AS CUSTODIAN ACCOUNT # 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE BEGINNING ENDING ACCRUAL/ CASH ACCRUAL/ INCOME RECEIVABLE RECEIVED RECEIVABLE EARNED 0.00 0.00 199.38 199.38. 0.00 0.00 0.00 0.00 49.60 49.60 0.00 0.00 0.00 0.00 200.00 200.00 0.00 0.00 89.50 89.50 0.00 0.00 0.00 0.00 173.60 0.00 173.60 0.00 0.00 0.00 268.00 268.00 0.00 0.00 0.00 0.00 141.60 141.60 0.00 0.00 0.00 0.00 • 1517/003 22 31 217 5638 0000000226-- "z oa SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 • SCHEDULE OF INCOME PAGE 19 SALEM TRUST COMPANY AS CUSTODIAN ACCOUNT # 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE BEGINNING ENDING ACCRUAL/ CASH ACCRUAL/ DATE DESCRIPTION RECEIVABLE RECEIVED RECEIVABLE CUSIP # 384109104 GRACO INC COM SECURITY TOTAL 0.00 0.00 127.40 0.00 0.00 CUSIP # 579780206 MCCORMICK & CO COM NON VTG SHS SECURITY TOTAL CUSIP # 693310108 P G & E CORP COM SECURITY TOTAL CUSIP # 740189105 PRECISION CASTPARTS CORP COM SECURITY TOTAL CUSIP # 891092108 TORO CO COM SECURITY TOTAL ' TOTAL DIVIDENDS INTEREST CUSIP # 38141W315 GOLDMAN SACHS FIN SQ TREASURY OBLIB ADMIN FUND #469 SECURITY TOTAL INCOME EARNED. 127.40 0.00 168.00 0.00 168.00 0.00 0.00 315.00 315.00 0.00 0.00 0.00 0.00 14.40 14.40 0.00 0.00 0.00 0.00 51.00 51.00 0.00 0.00 0.00 0.00 1,053.10 1,047.50 749.98 744.38 0.00 0.00 77.61 77.61 56.92 56.92 0.00 0.00 • 1/'1//VW LJ JI GIi WJUVVVVWVLLV- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 DATE DESCRIPTION CUSIP # 9128275N8 UNITED STATES TREASURY NOTES DTD 08/15/99 6% 08/15/2009 SECURITY TOTAL CUSIP # 912828AN0 UNITED STS TREAS NOTES DTD 11/15/02 3% 11/15/2007 SECURITY TOTAL CUSIP # 912828CF5 UNITED STS TREAS NOTES DTD 4/30/04 2.25% 04/30/2006 SECURITY TOTAL CUSIP # 912828CW8 UNITED STS TREAS NOTES DTD 9/30/04 2.5% 09/30/2006 SECURITY TOTAL CUSIP # 912828DJ6 UNITED STS TREAS NOTES DTD 1/31/05 3.125% 01/31/2007 SECURITY TOTAL CUSIP # 912828DM9 UNITED STS TREAS NOTES DTD 02/15/2005 0% 02/15/2015 SECURITY TOTAL • SCHEDULE OF INCOME PAGE 20 SALEM TRUST COMPANY AS CUSTODIAN ACCOUNT # 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE BEGINNING ENDING ACCRUAL/ CASH ACCRUAL/ INCOME RECEIVABLE RECEIVED RECEIVABLE EARNED• 1,586.67 0.00 1,936.67 350.00 0.00 0.00 383.33 0.00 633.33 250.00 0.00 0.00 152.46 163.86 0.00 11.40 0.00 0.00 252.72 0.00 336.96 84.24 0.00 0.00 0.00 538.67- 3.40 89.73 0.00 625.00 0.00 701.10- 0.00 701.10- 0.00 0.00 • s 7517/003 24 31 217 5638 0000000226-- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 • SCHEDULE OF INCOME PAGE 21 SALEM TRUST COMPANY AS CUSTODIAN ACCOUNT # 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE BEGINNING ENDING ACCRUAL/ CASH ACCRUAL/ INCOME DATE DESCRIPTION RECEIVABLE RECEIVED RECEIVABLE EARNED CUSIP # 3133MLT88 FEDERAL HOME LOAN BANK DTD 2/15/02 5.25% 02/13/2009 SECURITY TOTAL 495.83 0.00 605.21 109.38 0.00 0.00 CUSIP # 3133X15Y9 FEDERAL HOME LOAN BANK DTD 09/08/2003 SERIES X209 CALLABLE 9/30/05 @ PAR 4.1% 03/30/2009 SECURITY TOTAL CUSIP # 3133X8RQ7 FEDERAL HOME LOAN BANK DTD 09/17/2004 CALLABLE 4/25/2005 @ 100 4.7% 10/14/2011 SECURITY TOTAL CUSIP # 3134A4RH9 FEDERAL HOME LOAN MORTGAGE CORP DTD 9/16/02 3.5% 09/15/2007 SECURITY TOTAL CUSIP # 31359MHK2 FEDERAL NATIONAL MORTGAGE ASSN DTD 03/26/2001 5.5% 03/15/2011 SECURITY TOTAL CUSIP # 36200EUP4 GNSF POOL# 599190 DTD 3/1/05 6% 03/15/2035 518.19 0.00 689.03 170.84 0.00 0.00 567.92 0.00 763.75 195.83 0.00 0.00 515.28 0.00 661.11 145.83 0.00 0.00 1,700.42 0.00 2,181.67 481.25 0.00 0.00 SECURITY TOTAL 498.63 498.63 498.17 498.17 0.00 0.00 • ~` SALEM TRUST C O M P A N Y Post O(fiCe l3ox 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 DATE DESCRIPTION CUSIP # 36291W7H8 GNSF POOL# 640896 DTD 4/1/05 7% 04/15/2035 SECURITY TOTAL CUSIP # 36291WGR6 GNSF POOL# 640208 DTD 3/1/05 6.5% 03/15/2035 SECURITY TOTAL CUSIP # 36291XMW6 GNSF POOL# 641273 DTD 4/1/05 4.5% 04/15/2035 SECURITY TOTAL TOTAL INTEREST TOTAL INCOME SCHEDULE OF INCOME SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE BEGINNING ACCRUAL/ CASH RECEIVABLE RECEIVED • PAGE 22 ACCOUNT # 7062037849 ENDING ACCRUAL/ INCOME RECEIVABLE EARNED 698.45 698.45 697.92 697.92 0.00 0.00 703.90 703.90 703.31 703.31 0.00 0.00 298.87 298.87 298.47 298.47 0.00 0.00 8,450.28 1,201.55 10,065.92 3,442.19 0.00 625.00 9,503.38 2,249.05 10,815.90 4,186.57 0.00 625.00 • 7517/003 26 31 217 5638 0000000226-- .. SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 SCHEDULE OF PURCHASES SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE TRADE SETTLMT DATE DATE DESCRIPTION UNITS MONEY MARKET FUNDS GOLDMAN SACHS FIN SQ TREASURY OBLIB ADMIN FUND #469 TOTAL ACTIVITY FROM 07/01/2005 TO 07/31/2005 DEPOSIT 21,859.32 TOTAL 21,859.32 TOTAL MONEY MARKET FUNDS 21,859.32 COMMON STOCKS ABBOTT LABORATORIES COM 07/12/2005 07/15/2005 PURCHASED AT 49.53 THRU 725 LYNCH JONES and RYAN TOTAL 725 DUKE ENERGY CORP COM 07/12/2005 07/15/2005 PURCHASED AT 29.94 THRU 1,210 LYNCH JONES and RYAN TOTAL 1,210 TENET HEALTHCARE CORP COM 07/12/2005 07/15/2005 PURCHASED AT 12.22 THRU 2,810 LYNCH JONES and RYAN TOTAL 2,810 TOTAL COMMON STOCKS 4,745 TOTAL PURCHASES • • PAGE 23 ACCOUNT # 7062037849 COST 21,859.32 21,859.32 21,859.32 35,923.75 35,923.75 36,251.60 36,251.60 34,394.40 34,394.40 106,569.75 128,429.07 17517/003 27 31 21 / bti:its vuuvuvucco-- ~' SALEM TRUST C O M P A N Y Post Oftice f3ox 30010 Durham, NC 27702 FOR THETHROUGH 07%31/2005 SCHEDULE OF REALIZED GAINS & LOSSES SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE TRADE SETTLMT PROCEEDS DATE DATE DESCRIPTION MONEY MARKET FUNDS GOLDMAN SACHS FIN SQ TREASURY OBLIB ADMIN FUND #469 TOTAL ACTIVITY FROM 07/01/2005 TO 07/31/2005 WITHDRAWAL 47,548.96 TOTAL 47,548.96 TOTAL MONEY MARKET FUNDS 47,548.96 FEDERAL AGENCIES - MORTGAGE BACKED GNSF POOL# 599190 DTD 3/1/05 6% 03/15/2035 TOTAL ACTIVITY FROM 07/01/2005 TO 07/31/2005 07/15/2005 07/15/2005 393gERADIU59CgPITAL7CORPORATIO 92.07 TOTAL 92.07 UNITS 92'07 GNSF POOL# 640896 DTD 4/1/05 7% 04/15/2035 TOTAL ACTIVITY FROM 07/01/2005 TO 07/31/2005 07/15/2005 07/15/2005 3907E000NTRYWIDE3HOME LOANS SE 90 88 TOTAL 90.88 UNITS 90.88 • PAGE 24 ACCOUNT # 7062037849 MKT/COST BASIS MKT/COST GAIN/LOSS 47,548.96 47,548.96 47,548.96 47,548.96 47,548.96 47,548.96 95.03 95.64 95.03 95.64 96.22 97.67 96.22 97.67 2.96- 3.57- 2.96- 3.57- 5.34- 6.79- 5.34- 6.79- • 517/003 28 31 217 5638 0000000226-- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 • • SCHEDULE OF REALIZED GAINS & LOSSES PAGE 25 SALEM TRUST COMPANY AS CUSTODIAN ACCOUNT # 7062037849 FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE TRADE SETTLMT MKT/COST MKT/COST DATE DATE DESCRIPTION PROCEEDS BASIS GAIN/LOSS GNSF POOL# 640208 DTD 3/1/05 6.5% 03/15/2035 TOTAL ACTIVITY FROM 07/01/2005 TO 07/31/2005 07/15/2005 07/15/2005 PAYMENT ON 129,951.11 UNITS 109.62 114.58 4.96- 3907 COUNTRYWIDE HOME LOANS SE 115.96 6.34- TOTAL 109.62 UNITS 109.62 114.58 4.96- 115.96 6.34- GNSF POOL# 641273 DTD 4/1/05 4.5% 04/15/2035 TOTAL ACTIVITY FROM 07/01/2005 TO 07/31/2005 07/15/2005 07/15/2005 PAYMENT ON 79,697.39 UNITS 106.19 105.03 1.16 2572 NATIONAL CITY MORTGAGE CO 103.87 2.32 TOTAL 106.19 UNITS 106.19 105.03 1.16 103.87 2.32 TOTAL FEDERAL AGENCIES - MORTGAGE BACKED 398.76 410.86 12.10- 413.14 14.38- COMMON STOCKS BALI CORP COM TOTAL ACTIVITY FROM 07/01/2005 TO 07/31/2005 07/12/2005 07/15/2005 SOLD 900 SHS AT 39.033 THRU 35,110.23 32,364.00 2,746.23 LYNCH JONES and RYAN 36,332.01 1,221.78- TOTAL 900 SHS 35,110.23 32,364.00 2,746.23 36,332.01 1,221.78- SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 SCHEDULE OF REALIZED GAINS b LOSSES SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE • PAGE 26 ACCOUNT # 7062037849 TRADE SETTLMT DATE DATE DESCRIPTION PROCEEDS MKT/COST BASIS MKT/COST GAIN/LOSS MCCORMICK b CO COM NON VTG SHS TOTAL ACTIVITY FROM 07/01/2005 TO 07/31/2005 07/12/2005 07/15/2005 SOLD 1,050 SHS AT 32.36 THRU 33,955.57 34,314.00 358.43- LYNCH JONES and RYAN 36,538.53 2,582.96- TOTAL 1,050 SHS 33,955.57 34,314.00 36,538.53 358.43- 2,582.96- TEREX CORP COM TOTAL ACTIVITY FROM 07/01/2005 TO 07/31/2005 07/12/2005 07/15/2005 SOLD 910 SHS AT 41.675 THRU 37,904.46 35,854.00 2,050.46 LYNCH ]ONES and RYAN 36,242.66 1,661.80 TOTAL 910 SHS 37,904.46 35,854.00 2,050.46 36,242.66 1,661.80 TOTAL COMMON STOCKS 106,970.26 102,532.00 4,438.26 109,113.20 2,142.94- TOTAL REALIZED GAINS b LOSSES 154,917.98 150,491.82 157,075.30 4,426.16 2,157.32- 17/003 30 31 217 5638 0000000226-- S SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 BROKER NAME MORGAN STANLEY UBS SECURITIES LLC LYNCH JONES and RYAN DEUTSCHE BANK SECURITIES INC TOTAL SCHEDULE OF BROKERAGE COMMISSIONS SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE NON-DIRECTED AS AGENT AS PRINCIPAL 0.00 0.00 152.10 0.00 152.10 0.00 PAGE 27 ACCOUNT # 7062037849 DIRECTED AS AGENT AS PRINCIPAL 0.00 0.00 • 1 /O1 //WJ J I J I L~~ Dooo wvv~wcco° SALEM TRUST C O M P A N Y Post Office Box 30010 Durham, NC 27702 FOR THE PERIOD 07/01/2005 THROUGH 07/31/2005 DATE DESCRIPTION FEES 07/13/2005 CUSTODY AGENT FEES SALEM TRUST COMPANY SCHEDULE OF FEES AND OTHER EXPENSES SALEM TRUST COMPANY AS CUSTODIAN FOR TEQUESTA PUBLIC SAFETY PENSION FUND VILLAGE OF TEQUESTA ATTN: JODY FORSYTHE CASH TOTAL FEES 1,242.84 1,242.84 • • PAGE 28 ACCOUNT # 7062037849 TOTAL FEES AND OTHER EXPENSES 1,242.84 • • IMPORTANT NOTICE • Due to our system conversion, it is important for you to retain this statement. All future statements will be generated from our new accounting ,system. Since the file formats of the old and new systems are very different, we are not able to convert historical data. As a result, it will require statements from both the old arid new systems to be able to view your entire fiscal year data for all 2005 fiscal years ending after July 31, 2005. We regret any inconvenience this may cause and believe it will be far outweighed by benefits available with the new system. Beginning August 1St, you will have the option of receiving your statement electronically. This will allow you more flexibility in determining where and how to store your statements, as well as ensuring your statement is available in the timeliest manner possible. Contact your Salem Trust relationship team to learn about the ease and convenience of electronic statements. SALEM TRUST C O N / A N Y No Text