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R-2019-0319 - 8/8/2019 RESOLUTION NO. R-2019-0319 WHEREAS, Chapter 2256, Texas Government Code, Section 2256.023 of the Public Funds Investment Act states that a written report of investments be submitted to the governing body at least quarterly; and WHEREAS, a Quarterly Investment Report for the quarter ending June 30, 2019 for the City of Round Rock has been submitted to the City Council; and WHEREAS, the City Council desires to acknowledge the receipt and acceptance of the attached Quarterly Investment Report,Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,TEXAS, That the Quarterly Investment Report, attached hereto as Exhibit "A" and incorporated herein, is hereby received and accepted. The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution and the subject matter hereof were discussed, considered and formally acted upon, all as required by the Open Meetings Act, Chapter 551, Texas Government Code, as amended. RESOLVED this 8th day of August, 2019. CRAIG MO GAN, ayor City of Round Rock, exas ATTEST: SARA L. WHITE, City Clerk 0112.1902;00428627 EXHIBIT „A„ O ROUND ROCK TEXAS FINANCE QUARTERLY INVESTMENT REPORT For the Quarter Ended June 30, 2019 Prepared by Valley View Consulting, L.L.C. The investment portfolio of the City of Round Rock, Texas is in compliance with the Public Funds Investment Act and the Investment Policy and Strategies. signature withheld for security purposes signature withheld for security purposes Chief Financial Officer Deputy Chief Financial Officer signature withheld for security purposes signature withheld for security purposes Accountinq Manaqer �j Treasury Accountant Valley View Consulting, LLC Dated Disclaimer:These reports were compiled using information provided by the City. No procedures were performed to test the accuracy or completeness of this information. The market values included in these reports were obtained by Valley View Consulting,L.L.C.from sources believed to be accurate and represent proprietary valuation. Due to market fluctuations these levels are not necessarily reflective of current liquidation values. Yield calculations are not determined using standard performance formulas,are not representative of total return yields and do not account for investment advisor fees. Summary Holdings by Investment Category(Security Sector) June 30,2019 YTM @ Description Cost Book Value Market Value Cash 0.72% $ 6,636,612 $ 6,636,612 Certificates of Deposit 2.46% 241,472,769 241,472,769 Local Government Investment Pool 2.38% 19,838,310 19,838,310 Money Market Accounts 2.63% 1 32,466,168 32,466,168 US Agency 2.45% 50,870,734 51,074,382 US Treasury 2.38% 993,783 995,703 Total/Average 2.44% $ 352,278,376 $ 352,483,943 March 31,2019 YTM @ Description Cost Book Value Market Value Cash 0.53% $ 5,188,138 $ 5,188,138 Certificates of Deposit 2.39% 251,864,351 251,864,351 Local Government Investment Pool 2.42% 6,019,855 6,019,855 Money Market Accounts 2.66% 1 22,227,621 22,227,621 Municipal 2.16% 4,898,612 4,896,383 US Agency 2.46% 49,265,130 49,330,684 Total/Average 2.38% $ 339,463,706 $ 339,527,031 Average Yield Current Fiscal Year- Quarter(1) to-Date(2) Total Portfolio 2.44% 2.33% TexPool Yield 2.38% 2.36% Rolling Three Mo.Treas.Yield 2.36% 2.38% Rolling Six Mo.Treas. Yield 2.43% 2.44% Rolling 1 Yr. Treas. Yield 2.48% 2.43% Rolling 2 Yr. Treas. Yield 2.22% 2.10% Investment Income(3) Interest Income(Approximate) $ 2,059,936 $ 5,585,414 WAM at 6/30/2019 Policy WAM Max Total Portfolio 223 days 540 days Pooled Funds 262 days 540 days (1)Average Yield calculated using quarter end report yields and adjusted book values and does not reflect a total return analysis or account for advisory fees. (2)Fiscal Year-to-Date Average Yields calculated using quarter end report yields and adjusted book values and does not reflect a total return analysis or account for advisory fees. (3)Investment Income includes coupon interest,accrued interest,and discount and premium amortization. Page 1. Valley View Consulting,L.L.C. Economic Overview 6/30/2019 The Federal Open Market Committee(FOMC)maintained the Fed Funds target range 2.25%-2.50%(Effective Fed Funds are trading+/-2.40%). The Futures Market projects multiple decreases beginning later this summer. Gradual FRB portfolio reduction continues by limiting reinvestment of maturing holdings, but that strategy will end this summer. May Non Farm Payroll only generated 75,000 new jobs, lowering the three month rolling average to 151 k. Crude oil bounced up and down this spring around+/-$60. The Stock Markets reached new highs. Overall economic activity, including housing, remains mostly favorable but mixed. The inverted Yield Curve continues towards lower yields. 3.00 Treasury Yield Curves _ 3,250 S&P 500 sle � 4W 4WDrrew� 3,000 2.50 2,750 I� +�r�r. ae.e eaaera� 2,500 2.00 2,250 - 2,000 1.50 1,750 1,500 1.00 1,250 1,000 0.50 750 500 0.00 Q . pQ p� app 250 0" 5 b x t- A t- 5 5 5 5 6 6 6 ro A 1 1 '1 0 9 0 PQM• �w O6,ac PQM w1,0�-1ec��- � 06 bac�� Sy Ob�a �c )J O6 bac PQM• ��o� •June 30,2018 -� March 31,2019 ....+..June 30,2019 6.00 US Treasury Historical Yields-Since 2006 3.50 US Treasury Historical Yields-Since Nov 2015 5.50 5.00 '" 3.00 4.50 4.00 2.50 3.50 1 low L rotr 2.00 +�� 3.00 V JA • 2.50 � 1.50 2.00 1.50 1.00i 00- 1.00 ++ • 0.50 w 0.50 0.00 i ,p, 0.00 t�R6 C�A� t��a t�?�' t�1O t�� (�� t�1� tI1d C� (� t�1� 1� 1y ^6 16 16 16 KA 11 11 1A 1� N% 1b 1b N19 19 )e )e )e )a ,a �a 0111 )� ao�, den �a�. PJ9 '00' Few, d`a�. Po9 t�oJ• Few• tse�• PJ9 ��, t�e�. " -•Six Month T-Bill Two Year T-Note Ten YearT-Nota Valley View Consulting,L.L.C. Page 2. Holdings by Investment Category June 30, 2019 Pooled Debt Service Debt Service Reserve Capital Project&Special Total Funds Funds Funds Purpose Funds Portfolio Description Book Value %of Portfolio Book Value %of Portfolio Book Value %of Portfolio Book Value %of Portfolio Book Value %of Portfolio Cash $ 6,631.822 2% $ 4.790 0% $ — 0% $ — 01/. $ 6,636,612 2°% Certificates of Deposit 193,601,099 55% 7,898.918 2% — 0% 39,972,752 11% 241,472,769 69% Investment Pools 1 8,871,863 3% 8,563.142 2% 8,591 0% 2,394,714 1% 19,838,310 6% Money Market Accounts 7,622,500 2% 9,058,478 3°% 839,093 0°% 14,946,098 4°% 32,466,168 9% US Agency 49,382,905 14% — 0% — 0% 1,487,829 0% 50,870,734 14% US Treasury — 1 0% — 0°/ — 0% 1 993.783 0% 993.783 0% Total/Average $266,110,189 1 76% 1 $ 25,525,327 7% $ 847,684 0% 1 $ 59,795,176 17% $352,278,376 100% Portfolio Balances (Millions) Order of Liquidity $350 ®Cash $300 $250 ❑Local Government Investment Pool $200 f ®Money Market Account �i $150 ■US Treasury $100 o US Agency $50 ®Certificates of Deposit $0 Pooled Funds DS Funds DSR Funds CPBSP Funds Total Portfolio 6/30/2019 6/30/2019 6/30/2019 6/30/2019 6130/2019 Page 3. Valley View Consulting,L.L.C. Investment Holdings by Investment Category Quarterly Transactions By Investment Category June 30,2019 June 30,2019 Portfolio Net Cash Equivalent Description Book Value %of Portfolio Limitation Description Buys Sells Maturities Calls Interest Depositi(Withdrawal) Cash $ 6,636,612 2% 100% Cash $ — $ — $ — $ — $ — $ 1,448,474 Certificates of Deposit 241,472,769 69% 75% Certificates of Deposit 23,417,291 33,808,873 — 1,357,591 — Commercial Paper 0% 10%/5%_ Commercial Paper — — — Inveslment Pools 19,838,310 6oh 100% Investment Pools — — 85,129 13,818,454 Money Market Accounts 32,466,168 9% 50% Money Markets Accounts 161,254 10,238,548 Municipal — 0% 35%/5% Municipal — —I4,900,000 47,461 — US Agency 50,870,734 14% Combined US Agency 1,486,801 — — 92,473 — USTreasury 993,783 0% 75% US Treasury 995,920 — — Total/Average $ 352 278,376 1 100% 1 PASSED Totals $ 25,900 012 ; —1$ 38,708 673 ; — $ 1,743,909 $ 25,505 477 Portfolio Balances(Millions) Order of Liquidity Portfolio Composition $400 June 30,2019 y=: Certificates of $350 -_ ©Cash Deposit 69% $300 DLocal Government Investment Pool $250 — 0 Money Market Account Cash 2% $200 US Treasury •US Treasury poi $150 ' oUSAgency ' r $100 y US Agency , 0unicipal 14% $50 ®Certificates of Deposit 6/30/18 9/30/18 12/31/18 3/31/19 6/30119 Money Market Investment Accounts Pools 9% 6% Page 4. Valley View Consulting,L.L.C. Portfolio Balances By Fund(Millions) $400 $350 $300m Capital Project&Special a; Purpose Funds $250 ._... f�.. `_ o Debt Service Reserve Funds $200 3 M : i ©Debt Service Funds $150 i t� I I ®Pooled Funds I � I $o h..:.1 � a W 9/30/2015 12131/2015 3131/2016 613012016 9130/2016 12/31/2016 3/31/2017 6130/2017 91301201712/3112017 3/3112018 6/30/2018 9/3012018 12131/2018 313112019 6/3012019 Page 5. Valley View Consulting,L.L.C. City of Round Rock Pooled Funds Performance 2.60 2.50 2.40 2.30 2.20 2.10 - 700v 2.00 1.90 1.80 1.70 1.60 1.50 Of R 1.40 - 1.30 L 1.20 m 1.10 a 1.00 0.90 0.80 - 0.70 0.60 "`.• 0.50 0.40 0.30 = "o" 0.20 0.10 0.00 . Round Rock TexPool Rolling 1.5 yr Treasury (Policy WAM max) Rolling 9 mo Treasury Page 6. Valley View Consulting,L.L.C. Holdings by Allocation and Portfolio Fund June 30, 2019 Coupon Credit Rating Settlement Face Amount/ Book Value Market Value Maturity Date Market Days to YTM Issuer Rate Date Shares price Maturity Book Fund 000-Pooled Investments NexBank 2.63% 11/29/2016 $ 7,622,500 $ 7,622,500 100.00 $ 7,622,500 N/A 1 2.63% JPMor anChase 0.72% 09/30/2015 6,631,822 6,631,822 100.00 6,631,822 N/A 1 0.72% TexSTAR 2.38% AAAnn 09/30/2015 197,603 197,603 100.00 197,603 N/A 1 2.38% TexPool 2.38% AAAm 09/30/2015 8,661,493 8,661,493 100.00 8,661,493 N/A 1 2.38% TexasDAILY 2.41% AAAm 09/30/2015 12,767 12,767 100.00 12,767 N/A 1 2.41% FHLMC 0.88% Aaa/AA+/AAA 02/28/2018 10,000,000 9,993,292 99.90 9,989,643 07/19/2019 19 2.19% Le ac Texas Bank 1.70% 08/10/2017 8,253,013 8,253,013 100.00 8,253,013 08/09/2019 40 1.70% R Bank 1.80% 08/10/2017 2,063,925 2,063,925 100.00 2,063,925 08/10/2019 41 1.80% Le ac Texas Bank 1.70% 08/28/2017 5,158,133 5,158,133 100.00 5,158,133 08/28/2019 59 1.70% Le ac Texas Bank 2.10% 12/21/2017 4,127,773 4,127,773 100.00 4,127,773 09/20/2019 82 2.10% JPMor anChase 1.64% 10/02/2017 14,232,789 14,232,789 100.00 14,232,789 10/02/2019 94 1.64% Lubbock National Bank 1.65% 10/02/2017 10,278,467 10,278,467 100.00 10,278,467 10/02/2019 94 1.65% R Bank 1.83% 10/02/2017 2,055,607 2,055,607 100.00 2.055,607 10/02/2019 94 1.83% FNMA 0.00% -/AA/AA- 10/11/2017 5,000,000 4,975,805 99.40 4,970,000 10/09/2019 101 1.79% REFCORP 0.00% -/AA/- 10/29/2018 8,500,000 8,433,058 99.36 1 8,445,940 10/15/2019 107 2.74% JPMor anChase 1.98% 11/09/2017 5,100,375 5,100,375 100.00 5,100,375 11/09/2019 132 1.98% East West Bank 2.67% 02/20/2019 5,048,142 5,048,142 100.00 5.048,142 11/20/2019 143 2.67% Vera Bank 0.99% 12/05/2016 245,000 245,000 100.00 245,000 12/05/2019 158 0.99% Le ac Texas Bank 2.20% 12/21/2017 10,334,882 10,334,882 100.00 10,334,882 12/20/2019 173 2.20% Le ac Texas Bank 2.20% 01/08/2018 7,736,705 7,736,705 100.00 7,736,705 01/08/2020 192 2.20% East West Bank 2.21% 01/26/2018 10,320,473 10,320,473 100.00 10,320,473 01/26/2020 210 2.21% FFCB 2.07% Aaa/AA+/AAA 02/28/2018 10,000,000 9,984,743 99.93 9,992,789 02/14/2020 229 2.32% JPMor anChase 2.56% 03/21/2018 5,129,778 5,129,778 100.00 5,129,778 03/21/2020 265 2.56% Independent Bank 2.62% 04/09/2018 13,343,961 13,343,961 100.00 13,343,961 04/09/2020 284 2.62% R Bank 2.85% 05/14/2018 2,057,818 2,057,818 100.00 2,057,818 05/14/2020 319 2.85% Le ac Texas Bank 2.75% 05/15/2018 7,211,749 7,211,749 100.00 7,211,749 05/15/2020 320 2.75% Independent Bank 2.70% 05/16/2018 5,136,373 5,136,373 100.00 5,136,373 05/16/2020 321 2.70% Independent Bank 2.95% 06/20/2018 5,149,140 5,149,140 100.00 5,149,140 06/19/2020 355 2.95% Independent Bank 2.95% 07/06/2018 6,645,009 6,645,009 100.00 6,645,009 07/08/2020 374 2.95% Independent Bank 2.70% 04/09/2019 3,000,000 3,000,000 100.00 3,000,000 07/09/2020 375 2.70% FFCB 2.68% Aaa/AA+/AAA 08/29/2018 10,000,000 9,996,492 101.02 10,101,610 08/24/2020 421 2.71% East West Bank 2.69% 03/04/2019 5,044,042 5,044,042 100.00 5,044,042 09/04/2020 432 2.69% East West Bank 2.78% 01/11/2019 4,052,435 4,052,435 100.00 4,052,435 10/12/2020 470 2.78% FHLB 2.86% Aaa/AA+/- 10/02/2018 6,000,000 5,999,516 101.37 6,082,403 10/15/2020 473 2.87% Independent Bank 2.65% 05/01/2019 5,167,402 5,167,402 100.00 5,167,402 11/01/2020 490 2.65% Le ac Texas Bank 3.05% 11/16/2018 5,089,251 5,089,251 100.00 5,089,251 11/16/2020 505 3.05% East West Bank 2.70% 02/20/2019 5,048,686 5,048,686 100.00 5,048,686 11/20/2020 509 2.70% Le ac Texas Bank 3.05% 12/07/2018 5,076,524 5,076,524 100.00 5,076,524 12/07/2020 526 3.05% East West Bank 2.78% 01/11/2019 10,131,088 10,131,088 100.00 1 10,131,088 01/11/2021 561 2.78% Ori in Bank 2.82% 02/12/2019 6,242,632 6,242,632 100.00 6,242,632 02/12/2021 593 2.82% East West Bank 2.71% 02/20/2019 10,60271 10,602,621 100.00 10,602,621 02/19/2021 600 2.71% Le ac Texas Bank 2.74% 03/01/2019 2,517,306 2,517,306 100.00 2,517,306 03/01/2021 610 2.74% BOKF,NA 2.00% 06/27/2019 2,000,000 2,000,000 100.00 2,000,000 06/24/2021 725 2.00% Sub Total I Average 2,19% 266,227 284 266 110,189 100.03 266,309 669 262-2.3111167-1 Page 7. Valley View Consulting,L.L.C. Holdings by Allocation and Portfolio Fund June 30, 2019 Coupon Settlement Face Amount/ Market Days to YTM Issuer Rate Credit Rating Date Shares Book Yalue Price Market Value Maturity Date Maturity Book Fund 170-Interest&Sinking GO Bonds TexasDAILY 2.41% AAAm 04/30/2016 84,666 84,666 1 100.00 1 84,666 WA 11 2.41% NexBank 2.63% 02/27/2017 8,047,996 8,047,996 1 100.00 8,047,996 N/A 11 2.63% TexPool 2.381/ AAAm 09!30/2015 197,234 197,234 100.00 197,234 N/A 1 2.38% East West Bank 2.69°/ 01/11/2019 7,898,918 7,898,918 100.00 7,898,918 07/11!2019 11 2.69% Sub Total/Average 1 2.66% 16,228,813 16,228,813 100.00 16,228,813 61 2.66% Fund 210-Interest&Sinking Debt Service NexBank 1 2.63% 02/27/2019 1,010,481 1,010,481 100.00 1,010,481 N/A 11 2.63% JPMor an Chase 1 0.72% 09/30/2015 4,790 4,790 100.00 4,790 N/A 1 0.72% Sub Total I Average 2.62% 1,015,271 1,015,271 100.00 1,015,271 1 2.62% Fund 459-2018 Bond Fund TexPool 2.38% AAAm 12/15/2018 1,027,574 1,027,574 100.00 1,027,574 N/A 11 2.38% Wallis State Bank 2.76% 12/21/2018 3,041,489 3,041,489 100.00 3,041,489 09/23/2019 85 2.76% R Bank 2.83% 12/26/2018 3,042,160 3,042,160 100.00 3,042,160 09/24/2019 1 861 2.83% Sub Total I Avera a 2.741/6 7,111,223 7,111,223 100.00 7,111,223 1 731 2.741/6 Fund 460-Bond Fund TexPool 2.38% AAAm 09/30/2015 25,115 25,115 100.00 25,115 N/A 1 2.38% NexBank 2.63% 11/29/2016 1,568,572 1,568,572 100.00 1,568,572 N/A 1 2.63% Independent Bank 2.78% 07/06/2018 6,126,087 6,126,087 100.00 6,126,087 07/09/2019 9 2.78% East West Bank 2.86% 12/07/2018 5,081,359 5,081,359 100.00 5,081,359 12/09/2019 162 2.86% East West Bank 2.70% 03/04/2019 4,035,365 4,035,365 100.00 4,035,365 03/04/2020 248 2.70% Sub Total/Average 2.77% 16,836,497 16,836,497 100.00 16,836,497 112 2.77% Fund 462-2017 Bond Fund TexPool 2.38% AAAm 05/30/2017 758,447 758,447 100.00 758,447 N/A 1 2.38% East West Bank 2.38% 03/21/2018 3,092,755 3,092,755 100.00 3,092,755 09/21/2019 83 2.38% East West Bank2.86% 12/07/2018 1,524,408 1,524,408 100.00 1,524,408 12/09/2019 162 2.86% RBank 2.90% 12/26/2018 2,029,129 2,029,129 100.00 2,029,129 12/26/2019 179 2.90% Sub Total I Average 2.62% 7,404,739 7,404,739 100.00 7,404,739 117 2.62% Fund 465-2019 CO Bond Fund NexBank 2.63% 06/28/2019 13,377,527 13,377,527 100.00 13,377,527 N/A 1 2.63% TexPool 2.38% AAAm 05/30/2019 24,730 24,730 100.00 24,730 N/A 1 2.38% R Bank 2.55% 06/04/2019 3,000,000 3,000,000 100.00 3,000,000 06/04/2020 340 2.55% Independent Bank 2.48% 06/05/2019 5,000,000 5,000,000 100.00 5,000,000 06/05/2020 341 2.48% Independent Bank 2.52% 06/05/2019 4,000,000 4,000,000 100.00 4,000,000 12/05/2020 524 2.52% Sub Total/Average 2.67% 25,402,257 25,402,257 100.00 25,402,257 190 2.57% Fund 591-Reserves Fund TexPool 2.38% AAAm 09/30/2015 8,591 1 8,591 1 100.00 8,591 N/A 1 2.380 NexBank 2.63% 04/29/2019 839,093 1 839.093 1 100.00 839,093 N/A 1 2.63% Sub Total/Average 1 2.63% 1 1 947,6941 847,6841 100.00 1 847,684 1 1 2.63% Fund 602-Interest&Sinking Revenue Bonds TexPool 1 2.38% AAAm 09/30/2015 8,281,243 8,281,243 1 100.00 1 8,281,243 N/A 1 2.38% Sub Total/Average 1 2.38% 1 1 8,281,2431 8,281,243 1 100.00 1 8,281,243 1 1 2.38% Fund 863-Drainage Utility Revenue Bond TexPool 2.38% AAAm 10/31/2015 558,847 558,847 100.00 558,847 N/A 1 2.38% Treasury 1.38% Aaa/AA/AAA 05/15/2019 1,000,000 993,783 99.57 995,703 02/15/2020 230 2.38% FHLMC 1.38% Aaa/AA+/AAA 05/15/2019 1,500,000 1,487,829 99.47 1,491,996 05/01/2020 306 2.36% Sub Total I Average 1.56% 3,058,847 3,040,459 99.60 3,046,546 225 2.37% Total I Average 2.29% $ 352 413,859 $ 352,278,376 100.02 $ 352 483,943 223 2."% Page 8. Valley View Consulting,L.L.C. Book Value Comparison June 30, 2019 Coupon Settlement Beginning Book Total Buys/ Total Sells/ Ending Book Change in Book Issuer Rate Date Maturity Date Value Increases Decreases Value Value Fund 000-Pooled Investments JPMor an Chase N/A 09/30/2015 N/A $ 5,183,348 $ 2,889,190 $ 1,440,716 $ 6,631,822 $ 1,448,474 TexPool N/A 09/30/2015 N/A 227,277 8,716,145 281,929 8,661,493 8,434,216 TexSTAR N/A 09/30/2015 N/A 196,424 1,179 197,603 1,179 TexasDAILY N/A 09/30/2015 N/A 12,690 77 12,767 77 NexBank N/A 11/29/2016 N/A 11,741,856 64,308 4,183,664 7,622,500 4,119,356 Green Bank N/A 06/09/2016 N/A 41,658 82 41,740 41,658 R Bank 1.74% 10/02/2017 04/02/2019 2,044,049 2,044,049 2,044,049 Lubbock National Bank 1.50% 04/05/2017 04/05/2019 1 6,174,745 6,174,745 6,174,745 Independent Bank 1.65% 05/01/2017 05/01/2019 5,146,695 5,146,695 5,146,695 Vera Bank 2.39% 05/10/2018 05/09/2019 2,000,000 2,000,000 2,000,000 Austin TX W&WW System Rev 1.93% 01/04/2019 05/15/2019 2.847,513 2,850,000 2,847,513 Texas A&M Univ 1.94% 05/01/2017 05/15/2019 2,051,099 2,050,000 2,051099 Le ac Texas Bank 2.05% 12/22/2017 06/21/2019 4,130,118 14,162 4,144,280 4,130,118 Le ac Texas Bank 1.70% 06/23/2017 06/24/2019 5,150,697 14,644 5,165,341 5,150,697 FHLMC 0.88% 02/28/2018 07/19/2019 9,961,163 9,993,292 32,129 Le ac Texas Bank 1.70% 08/10/2017 08/09/2019 1 8,217,750 35,263 8,253,013 35,263 R Bank 1.80% 08/10/2017 08/10/2019 2,054,886 9,039 2,063,925 9,039 Le ac Texas Bank 1.70% 08/28/2017 08/28/2019 5,136,094 22,039 5,158,133 22,039 Le ac Texas Bank 2.10% 12/21/2017 09/20/2019 4,106,001 21,772 4,127,773 21,772 JPMor anChase 1.64% 10/02/2017 10/02/2019 14,232,789 14,232,789 Lubbock National Bank 1.65% 10/02/2017 10/02/2019 10,235,838 42,629 10,278,467 42,629 R Bank 1.83% 10/02/2017 10/02/2019 2,046,353 9,254 — 2,055,607 9,254 FNMA 0.00% 10/11/2017 10/09/2019 4,954.005 4,975,805 21,800 REFCORP 0.00% 10/29/2018 10/15/2019 1 8,376,125 8,433,058 56,932 JPMor anChase 1.98% 11/09/2017 11/09/2019 5,100,375 — 5,100,375 — East West Bank 2.67% 02/20/2019 11/20/2019 5,014,651 33,491 5,048,142 33,491 Vera Bank 0.99% 12/05/2016 12/05/2019 245,000 245,000 Le ac Texas Bank 2.20% 12/21/2017 12/20/2019 10,277,784 57,098 10,334,882 57,098 Le ac Texas Bank 2.20% 01/08/2018 01/08/2020 7,693,962 42,744 7,736,705 42,744 East West Bank 2.21% 01/26/2018 01/26/2020 10,263 767 56,706 10,320 473 56,706 FFCB 2.07% 02/28/2018 02/14/2020 9,978,681 9,984,743 6,063 JPMor anChase 2.56% 03/21/2018 03/21/2020 5,129,778 5,129,778 Independent Bank 2.62% 04/09/2018 04/09/2020 13,258,309 85,652 13,343,961 85,652 R Bank 2.85% 05/14/2018 05/14/2020 2,043,567 14,250 2,057,818 14,250 Le ac Texas Bank 2.75% 05/15/2018 05/15/2020 7,161,991 49,758 7,211,749 49,758 Independent Bank 2.70% 05/16/2018 05/16/2020 5,102,778 33,594 5,136,373 33,594 Independent Bank 2.95% 06/20/2018 06/19/2020 5,111,135 38,004 5,149,140 38,004 Independent Bank 2.95% 07/06/2018 07/08/2020 6,597,022 47,987 6,645,009 47,987 Independent Bank 2.709/o 04/09/2019 07/09/2020 3,000,000 3,000,000 3,000,000 FFCB 2.68% 08/29/2018 08/24/2020 9,995,733 9,996,492 758 East West Bank 2.69% 03/04/2019 09/04/2020 5,010,328 33,714 5,044,042 33,714 East West Bank 2.78% 01/11/2019 10/12/2020 4,024,446 27,989 4,052,435 27,989 FHLB 2.86% 10/02/2018 10/15/2020 5,999,423 — 5,999,516 93 Independent Bank 2.65% 05/01/2019 11/01/2020 5,167,402 5,167,402 5,167,402 Le ac Texas Bank 3.05% 11/16/2018 11/16/2020 5,050,326 38,925 5,089,251 38,925 East West Bank 2.701% 02/20/2019 11/20/2020 5,014,816 33,870 5,048,686 33,870 Le ac Texas Bank 3.05% 12/07/2018 12/07/2020 5,037,697 38,827 5,076,524 38,827 East West Bank 2.78% 01/11/2019 01/11/2021 10,061,115 69,973 10,131,088 69,973 Origin Bank 2.82% 02/12/2019 02/12/2021 6,200,000 42,632 6,242,632 42,632 East West Bank 2.71% 02/20/2019 02/19/2021 10,531,229 71,392 10,602,621 71,392 Le ac Texas Bank 2.74% 03/01/2019 03/01/2021 2,500,000 17, 020306 2,517,306 17,306 BOKF,NA 2.00% 06/27/2019 06/24/2021 2,000,0 2,000,000 2,000,000 Sub Total/Average Fund 000-Pooled Investments 278,673,087 22,841,097 35,523,158 266,110,189 (12,562,897i Page 9. Valley View Consulting,L.L.C. Book Value Comparison June 30, 2019 Coupon Settlement Maturity Date Beginning Book Total Buys/ Total Sells/ Ending Book Change in Book Issuer Rate Date Value Increases Decreases Value Value Fund 170-Interest&Sinking GO Bonds TexPool N/A 09/30/2015 N/A 92,543 198,111 93,421 197,234 104,690 TexasDAILY N/A 04/30/2016 N/A 84,158 508 84,666 508 NexBank N/A 02/27/2017 N/A 7,049,772 1,545,541 547,317 8,047,996 998,224 RBank 2.75% 12/26/2018 06/26/2019 1,510205 1510,205 1,510,205 East West Bank 2.69% 01/11/2019 07/11/2019 7,846,122 52,795 7,898,918 52,795 Sub Total/Average Fund 170-Interest&Sinking GO Bonds 16,582,801 1,796,956 2,150,943 16,228,813 353,988 Fund 210-Interest&Sinking Debt Service NexBank N/A 02/27/2019 N/A 1,003,927 6,554 1,010,481 6,554 JPMor an Chase N/A 09/30/2015 N/A 4,790 4,790 Sub Total/Average Fund 210-Interest&Sinking Debt Service 1,008,718 6,5641 1,015,271 6,554 Fund 459-2018 Bond Fund TexPool N/A 12/15/2018 N/A 1,018,032 9,543 1,027,574 9,543 Wallis State Bank 2.76% 12/21/2018 09/23/2019 3,020,446 21,043 3,041,489 21,043 R Bank 2.83% 12/26/2018 09/24/2019 3,020,538 21,622 3,042,160 21,622 Sub Total/Average Fund 459-2018 Bond Fund 7,059,016 52,208 7,111,223 52,208 Fund 460-Bond Fund TexPool N/A 09/30/2015 N/A 644,690 1,953 621,528 25,115 619,575 NexBank WA 11/29/2016 N/A 1,558,398 10,174 1,568,572 10,174 Independent Bank 2.78% 07/06/2018 07/09/2019 6,084,380 41,707 6,126,087 41,707 East West Bank 2.86% 12/07/2018 12/09/2019 5,045,257 36,102 5,081,359 36,102 East West Bank 2.70% 03/04/2019 03/04/2020 4,008,293 27,072 4,035,365 27,072 Sub Total/Average Fund 460-Bond Fund 17,341,018 117,008 621,528 16 836,497 504,521 Fund 462-2017 Bond Fund TexPool NIA 05/30/2017 N/A 1,310,710 680,121 1,232,384 758,447 552,262 Le ac Texas Bank 1.70% 06/23/2017 06/24/2019 1,030,139 2,929 1,033,068 1,030,139 East West Bank 2.38% 03/21/2018 09/21/2019 3,074,458 18,297 3,092,755 18,297 East West Bank 2.86% 12/07/2018 12/09/2019 1,513,577 10,831 1,524,408 10,831 R Bank 2.90°% 12/26/2018 12/26/2019 2,014,352 14,777 2,029,129 14,777 Sub Total/Average Fund 462-2017 Bond Fund 8,943,236 726,955 2,265,452 7,404,739 1,538,497 Fund 465-2019 CO Bond Fund TexPool N/A 05/30/2019 N/A 30,024,730 30,000,000 24,730 24,730 NexBank N/A 06/28/2019 N/A 13,377,527 13,377,527 13,377,527 R Bank 2.55% 06/04/2019 06/04/2020 3,000,000 3,000,000 3,000,000 Independent Bank 2.48% 06/05/2019 06/05/2020 5,000,000 5,000,000 5,000 000 Independent Bank 2.52% 06/05/2019 12/05/2020 4,000,000 - 4,000,000 4,000,000 Sub Total/Average Fund 465-2019 CO Bond Fund 55,402,257 30,000,000 25,402,257 25,402,257 Fund 591-Reserves Fund TexPool N/A 09/30/2015 N/A 8,540 51 8,591 51 NexBank N/A 04/29/2019 N/A 839,093 839,093 839,093 Green Bank N/A 06/09/2016 N/A 832,010 1,640 833,650 832,010 Sub TotallAvera a Fund 591-Reserves Fund 840,550 840,784 833,650 847,684 7,134 Fund 602-Interest&Sinking Revenue Bonds TexPool N/A 09/30/2015 N/A 1,649,049 6,633,693 1,500 8,281,243 6,632,193 East West Bank 2.73% 12/07/2018 06/07/2019 1 3,530,233 3,530,233 3,530,233 Sub TotallAvera a Fund 602-Interest&Sinking Revenue Bonds 5,179,283 6,633 693 3,531,733 8,281 243 1 3,101,960 Fund 863-Drainage Utility Revenue Bond TexPool N/A 10/31/2015 N/A 775,742 252,353 469,248 558,847 216,895 R Bank 2.63% 05/14/2018 05/14/2019 3,060,256 3,060,256 3,060,256 Treasury 1.38% 05/15/2019 02/15/2020 995,920 993,783 993,783 FHLMC 1.38% 05/15/2019 05/01/2020 1 1,486,801 1,487,829 1,487,829 Page 10. Valley View Consulting,L.L.C. Book Value Comparison June 30, 2019 Coupon SettlMaturity Date ement Beginning Book Total Buys! Total Sells/ Ending Book Change in Book Issuer Rate Date Value Increases Decreases Value Value Sub Total/Average Fund 863-Drainage Utility Revenue Bond 3,835,999 2,735,074 3,529,505 3,040,459 795,540 Total/Average $ 339,463,706 $ 91,152,585 $ 78,455,969 $ 352,278,376 $ 12,814,669 Page 11. Valley View Consulting,L.L.C. Market Value Comparison June 30, 2019 Coupon Settlement Maturity Date Beginning Market Total Buys/ Total Sells/ Ending Market Change in Market Issuer Rate Date Value Increases Decreases Value Value Fund 000-Pooled Investments JPMor an Chase N/A 09/30/2015 N/A $ 5,183,348 $ 2,889,190 $ 1,440,716 $ 6,631,822 $ TexPool N/A 09/30/2015 N/A 227,277 8,716,145 281,929 8,661,493 TexSTAR N/A 09/30/2015 N/A 196,424 1,179 197,603 TexasDAILY N/A 09/30/2015 N/A 12,690 77 12,767 — NexBank N/A 11/29/2016 N/A 11,741,856 64,308 4,183,664 7,622,500 — Green Bank N/A 06/09/2016 N/A 41,658 82 41,740 R Bank 1.74% 10/02/2017 04/02/2019 2,044,049 2,044,049 — Lubbock National Bank 1.50% 04/05/2017 04/05/2019 6,174,745 6,174,745 Inde endent Bank 1.65% 05/01/2017 05/01/2019 5,146,695 5,146,695 Vera Bank 2.39% 05/10/2018 05/09/2019 2,000,000 2,000,000 — Austin TX W&WW System Rev 1.93% 01/04/2019 05/15/2019 2,847,777 2,850,000 2,223 Texas A&M Univ 1.94% 05/01/2017 05/15/2019 2,048,606 2,050 000 1,394 Le ac Texas Bank 2.05% 12/22/2017 06/21/2019 4,130,118 14,162 4,144,280 Le ac Texas Bank 1.70% 06123/2017 06/24/2019 5,150,697 14,644 5,165,341 — FHLMC 0.88% 02/28/2018 07/19/2019 9,949,561 9,989,643 40,082 Le ac Texas Bank 1.70% 08/10/2017 08/09/2019 8,217,750 35,263 8,253,013 — R Bank 1.80% 08/10/2017 08/10/2019 2.054,886 9.039 2,063,925 Le ac Texas Bank 1.70% 08/28/2017 08/28/2019 5,136,094 22,039 5,158,133 Le ac Texas Bank 2.10% 12/21/2017 09/20/2019 4,106,001 21,772 4,127.773 — JPMor anChase 1.64% 10/02/2017 10/02/2019 14,232,789 14,232,789 — Lubbock National Bank 1.65% 10/02/2017 10/02/2019 10,235,838 42,629 10,278,467 — R Bank 1.83% 10/02/2017 10/02/2019 2,046,353 9,254 2,055,607 FNMA 0.00% 10/11/2017 10/09/2019 4,935,250 41970.000 345750 REFCORP 0.00% 10/29/2018 10/15/2019 8,386,525 8,445,940 59,415 JPMor anChase 1.98% 11/09/2017 11/09/2019 5,100,375 5,100,375 — East West Bank 2.67% 02/20/2019 11/20/2019 5,014,651 33,491 5,048,142 — Vera Bank 0.99% 12/05/2016 12/05/2019 245,000 245,000 — Le ac Texas Bank 2.20% 12/21/2017 12/20/2019 10,277,784 57,098 10,334,882 Le ac Texas Bank 2.20% 01/08/2018 01/08/2020 7,693,962 42,744 7,736,705 East West Bank 2.21% 01/26/2018 01/26/2020 10,263,767 56,706 10,320 473 — FFCB 2.07% 02/28/2018 1 02/14/2020 9,959,736 9,992,789 33,053 JPMor anChase 2.56% 03/21/2018 03/21/2020 5,129,778 5,1291778 Independent Bank 2.62% 04/09/2018 04/09/2020 13,258,309 85,652 13,343,961 R Bank 2.85% 05/14/2018 05/14/2020 2,043,567 14,250 2,057,818 Le ac Texas Bank 2.75% 05/15/2018 05/15/2020 7,161,991 49,758 7,211,749 Independent Bank 2.70% 05/16/2018 05/16/2020 5,102,778 33,594 5,136,373 Inde endent Bank 2.95% 06/20/2018 06/19/2020 5,111,135 38,004 5,149,140 Independent Bank 2.95% 07/06/2018 07/08/2020 6,597,022 47,987 6,645,009 Independent Bank 2.70% 04/09/2019 07/09/2020 3,000,000 3,000,000 FFCB 2.68% 08/29/2018 08/24/2020 10,050,741 10,101,610 50,869 East West Bank 2.69% 03/04/2019 09/04/2020 5,010,328 33,714 5,044,042 East West Bank 2.78% 01/11/2019 10/12/2020 4,024,446 27,989 4,052,435 FHLB 2.86% 10/02/2018 10/15/2020 6,048,871 6,082,403 33,533 Inde endent Bank 2.651/. 05/01/2019 11/01/2020 55167,402 5,1675402 Le ac Texas Bank 3.05% 11/16/2018 11/16/2020 5,050,326 38,925 5,0895251 East West Bank 2.70% 02/20/2019 11/20/2020 1 5,014,816 33,870 5,048,686 Le ac Texas Bank 3.05% 12/07/2018 12/07/2020 5,037,697 38,827 5,076,524 East West Bank 2.78% 01/11/2019 01/11/2021 10,061,115 69,973 10,131,088 Origin Bank 2.82% 02/12/2019 02/12/2021 6,200,000 42,632 6,242.632 East West Bank 2.71% 02/20/2019 02/19/2021 10,531,229 71,392 10,602,621 Le ac Texas Bank 2.74% 03/01/2019 03/01/2021 2,500,000 17,306 2,517,306 BOKF,NA 2.00% 06/27/2019 06/24/2021 2,000,000 2,000,000 Sub Total/Average Fund 000-Pooled Investments 278,736,411 22,841,097 35,523,158 266,309,669 255,319 Page 12. Valley View Consulting,L.L.C. Market Value Comparison June 30, 2019 Coupon Beginning Market Total Buys/ Total Sells/ Ending Market Change in Market Issuer Rate Daten SetMaturity Date Value Increases Decreases Value Value Fund 170-Interest&Sinking GO Bonds TexPool N/A 09/30/2015 NIA 92,543 198,111 93,421 197,234 TexasDAILY N/A 04/30/2016 N/A 84,158 508 84,666 NexBank N/A 02/27/2017 N/A 7,049,772 1,545,541 547,317 8,047,996 R Bank 2.75% 12/26/2018 06/26/2019 1,510,205 1,510,205 East West Bank 2.69% 01/11/2019 07/11/2019 7.846,122 52,795 7,898,918 Sub TotallAvera a Fund 170-Interest&Sinking GO Bonds 16,582,801 1,796,956 2,150,943 16,228,813 Fund 210-Interest&Sinking Debt Service NexBank N/A 02/27/2019 N/A 1,003,927 1 6,554 1,010,481 - JPMor an Chase I N/A 1 09/30/2015 1 N/A 1 4,790 4,790 Sub Total/Average Fund 210-Interest&Sinking Debt Service 1,008,718 1 6,554 1,015,271 1 - Fund 459-2018 Bond Fund TexPool N/A 12/15/2018 N/A 1,018,032 9,543 1,027,574 - Wallis State Bank2.76% 12/21/2018 09/23/2019 3,020,446 21,043 3,041,489 R Bank 2.83% 12/26/2018 09/24/2019 1 3,020,538 21,622 3,042,160 Sub TotallAvera a Fund 459-2018 Bond Fund 7,059,016 52,208 7,111,223 Fund 460-Bond Fund TexPool N/A 09/30/2015 N/A 644,690 1,953 621,528 25,115 NexBank N/A 11/29/2016 N/A 1,558,398 10,174 1,568,572 Independent Bank 2.78% 07/06/2018 07/09/2019 6,084,380 41,707 6,126,087 East West Bank 2.86°% 12/07/2018 12/09/2019 5,045,257 36,102 5,081,359 East West Bank 2.70% 03/04/2019 03/04/2020 4,008,293 27,072 4.035,365 Sub TotallAvera a Fund 460-Bond Fund 17 341,018 117,008 621,528 16,836,497 Fund 462-2017 Bond Fund TexPool N/A 05/30/2017 N/A 1,310,710 680,121 1,232,384 758,447 Le ac Texas Bank 1.70% 06/23/2017 06/24/2019 1,030,139 2,929 1,033,068 East West Bank 2.38% 03/21/2018 09/21/2019 3,074,458 18,297 3,092,755 East West Bank 2.86% 12/07/2018 12/09/2019 1,513,577 10,831 1,524,408 R Bank 2.90% 12/26/2018 12/26/2019 2,014 352 14,777 2,029,129 - Sub Total/Average Fund 462-2017 Bond Fund 8,943,236 726,955 2,265,452 7,404,739 Fund 465-2019 CO Bond Fund TexPool N/A 05/30/2019 N/A 30,024,730 30,000 000 24,730 NexBank N/A 06/28/2019 N/A 13,377,527 13,377,527 R Bank 2.55% 06/04/2019 06/04/2020 3,000,000 3,000,000 Independent Bank 2.48% 06/05/2019 06/05/2020 5,000 000 5,000,000 Independent Bank 2.52% 06/05/2019 12/05/2020 4,000,000 4,000.000 Sub Total/Average Fund 465-2019 CO Bond Fund 55,402,257 30,000,000 25,402,257 Fund 591-Reserves Fund TexPool N/A 09/30/2015 N/A 8,540 51 8,591 NexBank N/A 04/29/2019 N/A 839,093 839,093 Green Bank N/A 06/09/2016 NIA 1 832,010 1,640 833,650 Sub Total/Average Fund 591-Reserves Fund 840,550 840,784 833,650 847,684 Fund 602-Interest&Sinking Revenue Bonds TexPool N/A 09/30/2015 N/A 1,649,049 6,633,693 1,500 8,281,243 East West Bank 2.73% 12/07/2018 06/07/2019 3,530,233 3,530,233 Sub Total/Average Fund 602-Interest&Sinking Revenue Bonds 5,179 283 6,633,693 3,531,733 1 8,281,243 - Fund 863-Drainage Utility Revenue Bond TexPool N/A 10/31/2015 N/A 775,742 252,353 469,248 558,847 R Bank 2.63% 05/14/2018 05/14/2019 3,060,256 3,060,256 Treasury 1.38% 05/15/2019 02/15/2020 995,920 995,703 3,164 FHLMC 1.38°% 05/15/2019 -05/01/2020T- 1,486,801 1,491,996 5,997 Page 13. Valley View Consulting,L.L.C. Market Value Comparison June 30, 2019 Coupon Settlement MaturitBeginning Market Total Buys/ Total Sells/ Ending Market Change in Market Issuer Rate Date y Date Value Increases Decreases Value Value Sub Total/Average Fund 863-Drain a a Utility Revenue Bond 3,835,999 2,735,074 3,529,505 3,046,546 9,161 Total/Avera e 1 $ 339,527,031 $ 91,152,585 $ 78,455,969 $ 352,483,943 $ 264,480 Page 14. Valley View Consulting, L.L.C. Holdings by Allocation and Portfolio Fund March 31, 2019 Coupon Credit Rating Settlement Face Amountl Book Value Market Market Value Maturity Date Days to YTM Issuer Rate Date Shares Price Maturity Book Fund 000-Pooled Investments NexBank 2.66% 11/29/2016 $ 11,741,856 $ 11,741,856 100.00 $ 11,741,856 N/A 1 2.66% Green Bank 2.56% 06/09/2016 41,658 41,658 100.00 41,658 N/A 1 2.56% JPMor an Chase 0.53% 09/30/2015 5,183,348 5,183,348 100.00 5,183,348 N/A 1 0.53% TexSTAR 2.41% AAAm 09/30/2015 196,424 196,424 100.00 196,424 N/A 1 2.417/ TexPool 2.42% AAAm 09/30/2015 227,277 227,277 100.00 227,277 N/A 1 2.42% TexasDAILY 2.41% AAAm 09/30/2015 12,690 12,690 100.00 12,690 N/A 1 2.41% R Bank 1.74% 10/02/2017 2,044,049 2,044,049 100.00 2,044,049 04/02/2019 2 1.74% Lubbock National Bank 1.50% 04/05/2017 6,174,745 6,174,745 100.00 6,174,745 04/05/2019 5 1.50% Inde endent Bank 1.65% 05/01/2017 5,146,695 5,146,695 100.00 5,146,695 05/01/2019 311 1.65% Union State Bank 2.39% 05/10/2018 2,000,000 2,000,000 100.00 2,000,000 05/09/2019 39 2.39% Texas A&M Univ 1.94% Aaa/AAA/AAA 05/01/2017 2,050,000 2,051,099 99.93 2,048,606 05/15/2019 45 1.50% Austin TX W&WW System Rev 1.93% Aa2/AA/AA- 01/04/2019 2,850,000 2,847,513 99.92 2,847,777 05/15/2019 45 2.63% Le ac Texas Bank 2.05% 12/22/2017 4,130,118 4,130,118 100.00 4,130,118 06/21/2019 82 2.05% Le ac Texas Bank 1.70% 06/23/2017 5,150,697 5,150,697 100.00 5,150,697 06/24/2019 85 1.70% FHLMC 0.88% Aaa/AA+/AAA 02/28/2018 10,000,000 9,961,163 99.50 9,949,561 07/19/2019 110 2.19% Le ac Texas Bank 1.70% 08/10/2017 8,217,750 8,217,750 100.00 8,217,750 08/09/2019 131 1.70% R Bank 1.80% 08/10/2017 2,054,886 2,054,886 100.00 2,054,886 08/10/2019 132 1.80% Le ac Texas Bank 1.70% 08/28/2017 5,136,094 5,136,094 100.00 5,136,094 08/28/2019 150 1.70% Le ac Texas Bank 2.10% 12/21/2017 4,106,001 4,106,001 100.00 4,106,001 09/20/2019 173 2.10% JPMor anChase 1.64% 10/02/2017 14,232,789 14,232,789 100.00 14,232,789 10/02/2019 185 1.64% Lubbock National Bank 1.65% 10/02/2017 10,235,838 10,235,838 100.00 10,235,838 10/02/2019 185 1.65% RBank 1.83% 10/02/2017 2,046,353 2,046,353 100.00 2,046,353 10/02/2019 185 1.83% FNMA 0.00% -/AA/AA- 10/11/2017 5,000,000 4,954,005 98.71 4,935.250 10/09/2019 192 1.79% REFCORP 0.00% -/AA/- 10/29/2018 8,500,000 8,376,125 98.67 8,386,525 10/1512019 198 2.74% JPMor anChase 1.98% 11/09/2017 5,100,375 5,100,375 100.00 5,100,375 11/09/2019 223 1.98% East West Bank 2.67% 02/20/2019 5,014,651 5,014,651 100.00 5,014,651 11/20/2019 234 2.67% Union State Bank 0.99% 12/05/2016 245,000 245,000 100.00 245,000 12/05/2019 249 0.99% Le ac Texas Bank 2.20% 12/21/2017 10,277,784 10,277,784 100.00 10,277 784 12/20/2019 264 2.207 Le ac Texas Bank 2.20% 01/08/2018 7,693,962 7,693,962 100.00 7,693,962 01/08/2020 283 2.20% East West Bank 2.21% 01/26/2018 10,263,767 10,263,767 100.00 10,263,767 01/26/2020 301 2.21% FFCB 2.07% Aaa/AA+/AAA 02/28/2018 10,000,000 9,978,681 99.60 9,959,736 02/14/2020 320 2.32% JPMor anChase 2.56% 03121/2018 5,129,778 5.129,778 100.00 5,129,778 03/21/2020 356 2.56% Independent Bank 2.62% 04/09/2018 13,258,309 13,258,309 100.00 13,258,309 04/09/2020 375 2.62% R Bank 2.85% 05/14/2018 2,043,567 2,043,567 100.00 2,043 567 05/14/2020 410 2.85% Le ac Texas Bank 2.75% 05/15/2018 7,161,991 7,161,991 100.00 7,161,991 05/15/2020 411 2.75% Independent Bank 2.70% 05/16/2018 5,102,778 5,102,778 100.00 5,102,778 05/16/2020 412 2.707/ Independent Bank 2.95% 06/20/2018 5,111,135 5.111,135 100.00 5,111,135 06/19/2020 446 2.95% Independent Bank 2.95% 07/06/2018 6,597,022 6,597,022 100.00 6,597,022 07/08/2020 465 2.95% FFCB 2.68% Aaa/AA+/AAA 08/29/2018 10,000,000 9,995,733 100.51 10,050,741 08/24/2020 512 2.71% East West Bank 2.69% 03/04/2019 5,010,328 5,010,328 100.00 5,010,328 09/04/2020 523 2.69% East West Bank 2.78% 01/11/2019 4,024,446 4,024,446 100.00 4,024,446 10/12/2020 561 2.78% FHLB 2.86% Aaa/AA+/- 10102/2018 6,000,000 5,999,423 100.81 6,048,871 10/15/2020 564 2.87% Le ac Texas Bank 3.05% 11/16/2018 5,050,326 5,050,326 100.00 5,050,326 11/16/2020 596 3.05% East West Bank 2.70% 02/20/2019 5,014,816 5,014,816 100.00 5,014,816 11/20/2020 600 2.70% Le ac Texas Bank 3.05% 12/07/2018 5,037,697 5,037,697 100.00 5,037,697 12/07/2020 617 3.05% East West Bank 2.78% 01/11/2019 10,061,115 10,061,115 100.00 10,061,115 01/11/2021 652 2.78% Origin Bank 2.82% 02/12/2019 6,200,000 6,200,000 100.00 6,200,000 02/12/2021 684 2.82% East West Bank 2.71% 02/20/2019 10,531,229 10,531,229 100.00 120,531,229 0219/2021 679011 22..7741% SuTAsBank 2.74% 03/01/2019 2,500,000 2,500,000 100.00 50000003/01/2021 vera a % 2.14% 278,909,344 278,673,087 99.94 278,736 411 111 2.32 Page 15. 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Holdings by Allocation and Portfolio Fund March 31, 2019 Coupon Settlement Face Amount/ Market Days to YTM Issuer Rate Credit Rating Date Shares Book Value price Market Value Maturity Date Maturity Book Fund 170-Interest&Sinking GO Bonds TexasDAILY 2.41% AAArn 04/30/2016 84,158 84,158 100.00 84,158 N/A 1 2.41% NexBank 2.66% 02/27/2017 7,049,772 7,049,772 100.00 7,049,772 N/A 1 2.66° TexPool 2.42% AAArn 09/30/2015 92,543 92,543 100.00 92,543 N/A 1 2.42° R Bank 2.75% 12/26/2018 1,510,205 1,510,205 100.00 1,510,205 06/26/2019 87 2.75% East West Bank 2.69% 01/11/2019 7,846,122 7,846,122 100.00 7,846,122 07/11/2019 102 2.69% Sub Total/Average 2.68% 16,582,801 16,582,801 100.00 16,582,801 57 2.68% Fund 210-Interest&Sinking Debt Service NexBank 2.66% 02/27/2019 1,003,927 1,003,927 100.00 1,003,927 1 N/A 1 JPMor an Chase 0.53% 1 09/30/2015 1 4,7901 4,790 1 100.00 1 4,790 1 N/A 1 Sub Total l Average 2.65% 1,008 718 1,008,718 100.00 1,008,718 1 2.65% Fund 459-2018 Bond Fund TexPool 1 2.42% 1 AAArn 1 12/15/2018-1- 1,018,032 1 1,018,032 1 100.00 1 1,018,032 N/A 1 2.42% Wallis State Bank 2.76% 12/21/2018 3,020,446 3,020,446 100.00 3,020,446 09/23!2019 176 2.76% R Bank 2.83% 12/26/2018 3,020,538 3,020,538 100.00 3,020,538 09/24/2019 1 1771 2.83% Sub Total I Avera 1 2.74% 1 1 1 7,059,0161 7,069,016 1 100.00 1 7,059,016 1 1511 2.74% Fund 460-Bond Fund TexPool 2.42% AAArn 09/30/2015 644,690 644,690 100.00 644,690 N/A 1 2.42% NexBank 2.66% 11/29/2016 1,558,398 1,556,398 100.00 1,558,398 N/A 1 2.66% Independent Bank 2.78% 07/06/2018 6,084,380 6,084,380 100.00 6,084,380 07/09/2019 100 2.78% East West Bank 2.86% 12/07/2018 5,045,257 5,045,257 100.00 5,045,257 12/09/2019 253 2.86% East West Bank 2.70% 03/04/2019 4,008,293 4,008,293 100.00 4,008,293 03/04/2020 339 2.70% Sub Total/Average 2.76% 17,341,018 17,341,018 100.00 17,341,018 187 2.76% Fund 462-2017 Bond Fund TexPool 2.42% AAArn 05/30/2017 1,310,710 1,310,710 100.00 1,310,710 N/A 1 2.42% Le ac Texas Bank 1.70% 06/23/2017 1,030,139 1,030,139 100.00 1,030 139 06/24/2019 85 1.70% East West Bank 2.38% 03/21/2018 3,074,458 3,074,458 100.00 3,074,458 09/21/2019 174 2.38% East West Bank 2.86% 12/07/2018 1,513,577 1,513,577 100.00 1,513,577 12/09/2019 253 2.86% R Bank 2.90% 12/26/2018 2,014,352 2,014,352 100.00 2,014,352 12/26/2019 270 2.90° Sub Total I Average 2.61% 8,943 236 8,943,236 100.00 8,943,236 173 2.51% Fund 591-Reserves Fund Green Bank 2.56% 06/09/2016 832,010 1 832,010 100.00 832,010 1 N/A 1 2.561 TexPool 2.42% AAArn 09/30/2015 8,540 1 8,540 1 100.00 1 8,540 1 N/A 1 2.42% Sub Total/Avera a 2.56% 840,550 1 840,550 1 100.001 840,560 1 11 2.56% Fund 602-Interest&Sinking Revenue Bonds TexPool 2.42% AAArn 09/30/2015 1,649,049 1,649,049 100.00 1,649,049 N/A 11 2.42% East West Bank 2.73% 12/07/2018 3,530,233 3,530,233 100.00 3,530,233 06/07/2019 68 2.73% Sub Total/Average 2.63% 5,179,283 5,179,283 100.00 5,179,283 47 2.63 Fund 863-Drainage Utility Revenue Bond TexPool 2.42% AAArn 10/31/2015 775,742 775,742 100.00 775,742 N/A 1 2.42% R Bank 2.63% 05/14/2018 3,060,256 3,060,256 100.00 3,060,256 05/14/2019 44 2.63% Sub Total I Average 2.59% 3,835,999 3,835,999 100.00 3,835,999 35 2.59% Total I Average 2.24% S 339 699 964 $ 339,463 706 99.95 $ 339,527,031 276 2.38% Page 16. Valley View Consulting,L.L.C. Book Value Comparison March 31, 2019 Coupon settlement Maturity Date Beginning Book Total Buys/ Total Sells/ Ending Book Change in Book Issuer Rate Date Value Increases Decreases Value Value Fund 000-Pooled Investments JPMor an Chase N/A 09/30/2015 N/A $ 8,968,657 $ — $ 3,785,309 $ 5,183,348 $ 3,785,309 TexPool N/A 09/30/2015 N/A 23,574,832 69,578 23,417,133 227,277 23,347,555 TexSTAR N/A 09/30/2015 N/A 195,266 1,159 196,424 1,159 TexasDAILY N/A 09/30/2015 N/A 12,615 75 12,690 75 NexBank N/A 11/29/2016 N/A 1,682,239 10,059,617 11,741,856 10,059,617 Green Bank N/A 06/09/2016 N/A 41,393 264 41,658 264 Lubbock National Bank 1.45% 01/11/2017 01/11/2019 10,281,404 10,281,404 10,281,404 Galveston Texas 6.21% 01/08/2018 02/01/2019 1 1,234,454 1,230,000 1,234,454 Tomball TX CO's 5.00% 12/20/2016 02/15/2019 778,445 775,000 778,445 Le ac Texas Bank 1.40% 02/17/2017 02/19/2019 9,753,107 11,589 9,764,696 9,753,107 Corpus Christi-Ref 1.81% 03/14/2016 03/01/2019 2,251,566 2,250,000 2,251,566 Lubbock National Bank 1.45% 03/01/2017 03/01/2019 5,641,790 13,655 5,655 445 5,641,790 R Bank 1.74% 10/02/2017 04/02/2019 2,035,104 8,945 2,044,049 8,945 Lubbock National Bank 1.50% 04/05/2017 04/05/2019 6,151,963 22,782 6,174,745 22,782 Independent Bank 1.65% 05/01/2017 05/01/2019 5,125,379 21,316 5,146,695 21,316 Union State Bank 2.39% 05/10/2018 05/09/2019 2,000,000 2,000,000 Austin TX W&WW System Rev 1.93% 01/04/2019 05/15/2019 2,850,259 2,847,513 2,847,513 Texas A&M Univ 1.94% 05/01/2017 05/15/2019 2,053,296 2,051,099 2,197 Le ac Texas Bank 2.05% 12/22/2017 06/21/2019 4,109,312 20,807 4,130,118 20,807 Le ac Texas Bank 1.70% 06/23/2017 06/24/2019 5,129,166 21,530 5,150,697 21,530 FHLMC 0.88% 02/28/2018 07/19/2019 9,929,387 9,961,163 31,776 Le ac Texas Bank 1.70% 08/10/2017 08/09/2019 8,183,400 34,351 — 8,217,750 34,351 R Bank 1.80% 08/10/2017 08/10/2019 1 2,045,585 9,302 2,054,886 9,302 Le ac Texas Bank 1.70% 08/28/2017 08/28/2019 5,114,625 21,469 5,136,094 21,469 Le ac Texas Bank 2.10% 12/21/2017 09/20/2019 4,084,813 21,188 4,106,001 21,188 JPMor anChase 1.64% 10/02/2017 10/02/2019 14,232,789 14,232,789 Lubbock National Bank 1.65% 10/02/2017 10/02/2019 10,194,307 41,532 10,235,838 41,532 R Bank 1.83% 10/02/2017 10/02/2019 2,036,936 9,417 2,046,353 9,417 FNMA 0.00% 10/11/2017 10/09/2019 4,932,445 4,954,005 21,560 REFCORP 0.00% 10/29/2018 10/15/2019 8,319,818 8,376,125 56,307 JPMor anChase 1.98% 11/09/2017 11/09/2019 1 5,100,375 5.100,375 East West Bank 2.67% 02/20/2019 11/20/2019 5,014,651 5,014,651 5,014,651 Union State Bank 0.99% 12/05/2016 12/05/2019 245,000 245,000 Le ac Texas Bank 2.20% 12/21/2017 12/20/2019 10,222,232 55,552 10,277,784 55,552 Le ac Texas Bank 2.20% 01/08/2018 01/08/2020 7.652,375 41,587 7,693,962 41,587 East West Bank 2.21% 01/26/2018 01/26/2020 10,207,990 55,777 10,263,767 55,777 FFCB 2.07% 02/28/2018 02/14/2020 9,972,684 9,978,681 5,996 JPMor anChase 2.56% 03/21/2018 03/21/2020 5,000,000 129,778 5,129,778 129,778 Independent Bank 2.62% 04/09/2018 04/09/2020 13,171,327 86,981 13,258,309 86,981 R Bank 2.85% 05/14/2018 05/14/2020 2,028,941 14,627 2,043,567 14,627 Le ac Texas Bank 2.75% 05/15/2016 05/15/2020 7,113,646 48,345 7,161,991 48,345 Independent Bank 2.70% 05/16/2018 05/16/2020 5,068,286 34,492 5,102,778 34,492 Independent Bank 2.95% 06/20/2018 06/19/2020 5,074,225 36,910 5,111,135 36,910 Independent Bank 2.95% 07/06/2018 07/08/2020 6,548,332 48,691 6,597,022 48,691 FFCB 2.68% 08/29/2018 08/24/2020 9,994,983 9,995,733 750 East West Bank 2.69% 03/04/2019 09/04/2020 5,010,328 5,010,328 5,010,328 East West Bank 2.78% 01/11/2019 10/12/2020 4,024,446 4,024,446 4,024,446 FHLB 2.86% 10/02/2018 10/15/2020 5,999,331 5,999,423 92 Le ac Texas Bank 3.05% 11/16/2018 11/16/2020 5,012,534 37,791 5,050,326 37,791 East West Bank 2.70% 02/20/2019 11/20/2020 5,014,816 5,014,816 5,014,816 Le ac Texas Bank 3.05% 12/07/2018 12/07/2020 5,000,000 37,697 5,037,697 37,697 East West Bank 2.78% 01/11/2019 01/11/2021 10,061,115 10,061,115 10,061,115 Origin Bank 2.82% 02/12/2019 02/12/2021 6,200,000 6,200,000. 6,200,000 East West Bank 20237.21/�22519 0319/2 10,531,229 10,531,229 10,531,229 Le ac Texas Bank 09 2,500,000 2,500,000 2,500,0007 0201/2021 Sub Total/Average Fund 000-Pooled Investments 273,506,354 62,223,648 57,158,988 278,673,087 1 5,166,733 Page 17. Valley View Consulting,L.L.C. Book Value Comparison March 31, 2019 Coupon Settlement Beginning Book Total Buys/ Total Sells/ Ending Book Change in Book Issuer Rate Date Maturity Date Value Increases Decreases Value Value Fund 170-Interest&Sinking GO Bonds TexPool N/A 09/30/2015 N/A 2,244,383 13,417 2,165,256 92,543 2,151,840 TexasDAILY N/A 04/30/2016 N/A 2,476,905 7,253 2,400,000 84,158 2,392,747 NexBank N/A 02/27/2017 N/A 25,555 7,024,217 7,049,772 7,024,217 R Bank 2.75% 12/26/2018 06/26/2019 1,500,000 10,205 1,510,205 10,205 East West Bank 2.69% 01/11/2019 07/11/2019 7,846,122 7,846,122 7,846,122 Sub Total/Average Fund 170-Interest&Sinking GO Bonds 6,246,843 14,901,214 4,565,256 16,582,801 10,335,958 Fund 210-Interest&Sinking Debt Service NexBank N/A 02/27/2019 N/A 1,003,927 1,003,927 1,003,927 JPMor an Chase I N/A 1 09/30/2015 1 N/A 1 4,790 4,790 Sub Total/Average Fund 210-Interest&Sinking Debt Service 4,790 1,003,927 1,008,718 1,003,927 Fund 459-2018 Bond Fund TexPool N/A 12/15/2018 N/A 1,013,509 6,508 1,985 1,018,032 4,522 Wallis State Bank6% 12/21/2018 09/23/2019 3,000,000 20,446 3,020,446 20,446 R Bank 2.2.783% 12/26/2018 09/24/2019 3,000,000 20,538 3,020,538 20,538 Sub Total/Average Fund 459-2018 Bond Fund 7,013,509 47,492 1,985 7,059,016 45,507 Fund 460-Bond Fund TexPool N/A 09/30/2015 N/A 63,070 760,191 178,571 644,690 581,620 NexBank N/A 11/29/2016 N/A 1,538,945 4,019,453 4,000,000 1,558,398 19,453 East West Bank 2.16% 04/09/2018 01/09/2019 5.079,628 5,079,628 5,079,628 Independent Bank 2.78% 07/06/2018 07/09/2019 6,042,043 42,337 6,084,380 42,337 East West Bank 2.86% 12107/2018 12/09/2019 5,009,804 35,453 5,045,257 35,453 East West Bank 2.70% 03/04/2019 03/04/2020 4,008,293 4,008,293 4,008,293 Sub Total/Average Fund 460-Bond Fund 17,733,489 8,865,727 9,258,199 17,341,018 392,471 Fund 462-2017 Bond Fund TexPool N/A 05/30/2017 N/A 898,352 412,358 1,310,710 412,358 Le ac Texas Bank 1.65% 06/23/2017 03/22/2019 1,025,065 2,875 1,027,940 1,025,065 Le ac Texas Bank 1.70% 06/23/2017 06/24/2019 1,025,833 4,306 1,030,139 4,306 East West Bank 2.38% 03/21/2018 09/21/2019 3,056,469 17,989 3,074,458 17,989 East West Bank 2.86% 12/07/2018 12/09/2019 1,502,941 10,636 1,513,577 10,636 R Bank 2.90% 12/26/2018 12/26/2019 2,000,000 14,352 2,014,352 14,352 Sub Total/Average Fund 462-2017 Bond Fund 9,508,660 462,516 1,027,940 8 943 236 565,424 Fund 591-Reserves Fund TexPool N/A 09/30/2015 N/A 8,489 50 8,540 50 Green Bank I N/A 1 06/09/2016 1 N/A 1 826,730 1 5,280 1 832,010 1 5,280 Sub Total/Average Fund 591-Reserves Fund 835,220 5,330 840,550 5,330 Fund 602-Interest&Sinking Revenue Bonds TexPool N/A 09/30/2015 N/A 3,989,335 16,314 2,356,599 1,649,049 2,340,286 East West Bank 2.73% 12/07/2018 06/07/2019 3,506,550 23,683 3,530,233 23,683 Sub TotallAvera a Fund 602-Interest&Sinking Revenue Bonds 7,495,885 39,997 2,356,599 5,179,283 2,316,603 Fund 863-Drainage Utility Revenue Bond TexPool N/A 10/31/2015 N/A 887,377 111,635 775,742 775,742 Southside Bank 1.88% 01/08/2018 01/08/2019 1,521,191 1,521,191 1,521,191 R Bank 2.63% 05/14/2018 05/14/2019 3,040,038 20,219 3,060,256 20,219 Sub TotallAvera a Fund 863-Drainage Utility Revenue Bond 4,561,229 907,596 1,632,826 3 835,999 725,230 Total/Average $ 326,905,980 $ 88 457,447 $ 76,001 792 $ 339 463,706 $ 12,557 727 Page 18. Valley View Consulting,L.L.C. Market Value Comparison March 31, 2019 Coupon Settlement Beginning Market Total Buys/ Total Sells/ Ending Market Change In Market Issuer Rate Date Maturity Date Value Increases Decreases Value Value Fund 000-Pooled Investments JPMor an Chase N/A 09/30/2015 N/A $ 8,968,657 $ $ 3,785,309 $ 5,183,348 $ TexPool N/A 09/30/2015 NIA 23,574,832 69,578 23,417,133 227,277 TexSTAR NIA 09/30/2015 NIA 195,266 1,159 196,424 TexasDAILY N/A 09/30/2015 N/A 12,615 75 12,690 NexBank N/A 11/29/2016 N/A 1,682,239 10,059,617 11,741,856 Green Bank N/A 06/09/2016 WA 41,393 264 41,658 Lubbock National Bank 1.45% 01/11/2017 01/11/2019 10,281,404 10,281,404 Galveston Texas 6.21% 01/08/2018 02/01/2019 1,233,481 1,230,000 3,481 Tomball TX CO's 5.00% 12/20/2016 02/15/2019 777,976 775,000 2,976 Le ac Texas Bank 1.40% 02/17/2017 02/19/2019 9,753,107 11,589 9,764,696 Corpus Christi-Ref 1.81% 03/14/2016 03/01/2019 2,247,120 2,250,000 2,880 Lubbock National Bank 1.45% 03/01/2017 03/01/2019 5,641 790 13,655 5,655,445 — R Bank 1.74% 10/02/2017 04/02/2019 2,035,104 8,945 2,044,049 Lubbock National Bank 1.50% 04/05/2017 04/05/2019 6,151,963 22,782 6,174,745 Independent Bank 1.65% 05/01/2017 05/01/2019 5,125,379 21,316 5,146,695 Union State Bank 2.39% 05/10/2018 05/09/2019 2,000,000 2,000,000 Austin TX W&WW System Rev 1.93% 01/04/2019 05/15/2019 2,850,259 2,847,777 5,016 Texas A&M Univ 1.94% 05/01/2017 05/15/2019 2,043,112 2,048,606 5,494 Le ac Texas Bank 2.05% 12/22/2017 06/21/2019 4,109,312 20,807 4,130,118 Le ac Texas Bank 1.70% 06/23/2017 06/24/2019 5,129,166 21,530 5,150,697 FHLMC 0.88% 02/28/2018 07/19/2019 9,905,355 9,949,561 44,206 Le ac Texas Bank 1.70% 08/10/2017 1 08/09/2019 8,183,400 34,351 8,217,750 — R Bank 1.80% 08/10/2017 08/10/2019 2,045,585 9,302 2,054.886 Le ac Texas Bank 1.70% 08/28/2017 08/28/2019 5,114,625 21,469 5,136,094 Le ac Texas Bank 2.10°% 12/21/2017 09/20/2019 4,084,813 21,188 4,106,001 JPMor anChase 1.64% 10/02/2017 10/02/2019 14,232,789 14,232,789 Lubbock National Bank 1.65% 10/02/2017 10/02/2019 10,194,307 41,532 10,235,838 R Bank 1.83°% 10/02/2017 10/02/2019 2,036,936 9,417 2,046,353 FNMA 0.00% 10/11/2017 10/09/2019 4,902,800 4,935,250 32.450 REFCORP 0.00% 10/29/2018 10/15/2019 8,331,190 8,386 525 55,335 JPMor anChase 1.98% 11/09/2017 11/09/2019 5,100,375 5,100,375 East West Bank 2.67°% 02/20/2019 11/20/2019 5,014,651 5,014,651 Union State Bank 0.99% 12/05/2016 12/05/2019 245,000 245,000 Le ac Texas Bank 2.20°% 12/21/2017 12/20/2019 10,222,232 55,552 10,277,784 Le ac Texas Bank 2.20°% 01/08/2018 01/08/2020 7,652,375 41,587 7,693,962 East West Bank 2.21% 01/26/2018 01/26/2020 10,207,990 55,777 10,263,767 FFCB 2.07% 02/28/2018 02/14/2020 9,955,264 9,959,736 4,472 JPMor anChase 2.56% 03/21/2018 03/21/2020 5,000,000 129,778 5,129,778 Independent Bank 2.62% 04/09/2018 04/09/2020 13,171,327 86,981 13,258,309 R Bank 2.85% 05/14/2018 05/14/2020 2,028,941 14,627 2,043,567 Le ac Texas Bank 2.75% 05/15/2018 05/15/2020 7,113,646 48,345 7,161,991 Independent Bank 2.70% 05/16/2018 05/16/2020 1 5,068,286 34,492 5,102,778 Independent Bank 2.95% 06/20/2018 06/19/2020 5,074,225 36,910 5,111,135 Independent Bank 2.95% 07/06/2018 07/08/2020 6,548,332 48,691 6,597,022 FFCB 2.68% 08/29/2018 08/24/2020 10,031,395 10,050,741 19,346 East West Bank 2.69% 03/04/2019 09/04/2020 5,010,328 5,010,328 East West Bank 2.78% 01/11/2019 10/12/2020 4,024,446 4,024,446 FHLB 2.86°% 10/02/2018 10/15/2020 6,037,935 6,048,871 10,936 Le ac Texas Bank 3.05°% 11/16/2018 11/16/2020 5,012,534 37,791 5,050,326 East West Bank 2.70% 02/20/2019 11/20/2020 5,014,816 5,014,816 Le ac Texas Bank 3.05% 12/07/2018 12/07/2020 5,000,000 37,697 5,037,697 East West Bank 2.78°% 01/11/2019 01/11/2021 10,061,115 10,061,115 Origin Bank 2.82% 02/12/2019 02/12/2021 6,200,000 6,200,000 East West Bank 2.71% 02/20/2019 02/19/2021 10,531,229 10,531,229 Le ac Texas Bank 2.74°% 03/01/2019 03/01/2021 1 2,500,000 2,500,000 Sub Total/Avera a Fund 000-Pooled Investments 273,505,571 62,223,848 57,158,988 278,738,411 173 678 Page 19. Valley View Consulting,L.L.C. Market Value Comparison March 31, 2019 Coupon Settlement Maturity Date Beginning Market Total Buys/ Total Sells/ Ending Market Change in Market Issuer Rate Date Value Increases Decreases Value Value Fund 170-Interest&Sinking GO Bonds TexPool N/A 09/30/2015 N/A 2.244.383 13.417 2,165,256 92.543 — TexasDAILY N/A 04/30/2016 N/A 2.476.905 7.253 2,400,000 84,158 — NexBank N/A 02/27/2017 N/A 25,555 7,024.217 7,049,772 R Bank 2.75% 12/26/2018 06/26/2019 1.500.000 10.205 — 1,510.205 — East West Bank 2.69% 01/11/2019 07/11/2019 — 7.846,122 — 7,846.122 — Sub Total/Average Fund 170-Interest&Sinking GO Bonds 6,246,843 14,901,214 4,565,256 16,582,801 Fund 210-Interest&Sinking Debt Service NexBank N/A 02/27/2019 N/A 1 003.927 — 1,003.927 — JPMor an Chase N/A 09/30/2015 N/A 4.790 — 4.790 Sub Total/Average Fund 210-Interest&Sinking Debt Service 4,790 1,003,927 — 1,008,718 — Fund 459-2018 Bond Fund TexPool N/A 12/15/2018 N/A 1,013 509 6,508 1,985 1,018,032 Wallis State Bank 2.76% 12/21/2018 09/23/2019 3,000,000 20,446 — 3,020.446 — R Bank 2.83% 12/26/2018 09/24/2019 3,000.000 20,538 3,020,538 — Sub Total/Average Fund 459-2018 Bond Fund 7,013,509 47,492 1,985 7,059,016 Fund 460-Bond Fund TexPool N/A 09/30/2015 N/A 63,070 760,191 178.571 644.690 NexBank N/A 11/29/2016 N/A 1,538,945 4,019.453 4 000,000 1,558,398 — East West Bank 2.16% 04/09/2018 01/09/2019 5,079.628 — 5,079,628 —Independent Bank 2.78% 07/06/2018 07/09/2019 6.042.043 42.337 — 6,084.380 — East West Bank 2.86% 12/07/2018 12/09/2019 5.009,804 35,453 — 5,045.257 — East West Bank 2.70% 03/04/2019 03/04/2020 — 4.008,293 — 4,008.293 — Sub Total/Average Fund 460-Bond Fund 17,733,489 8,865,727 1 9,258,199 1 17,341,018 Fund 462-2017 Bond Fund TexPool N/A 05/30/2017 N/A 898,352 412,358 1,310,710 Le ac Texas Bank 1.65% 06/23/2017 03/22/2019 1.025,065 2,875 1,027.940 — — Le ac Texas Bank 1.70% 06/23/2017 06/24/2019 1,025.833 4,306 — 1.030.139 East West Bank 2.38% 03/21/2018 09/21/2019 3.056,469 17,989 — 3,074,458 — East West Bank 2.86% 12/07/2018 12/09/2019 1,502,941 10,636 — 1,513.577 RBank 2.90% 12/26/2018 12/26/2019 2.000,000 14,352 2,014.352 Sub Total/Average Fund 462-2017 Bond Fund 9,508,660 462,516 1,027,940 8,943,236 Fund 591-Reserves Fund TexPool N/A 09/30/2015 N/A 8,489 50 8.540 — Green Bank N/A 06/09/2016 N/A 826,730 5.280 1 832,010 1 — Sub TotallAvera a Fund 591-Reserves Fund 835,220 5,330 1 840,550 — Fund 602-Interest&Sinking Revenue Bonds TexPool N/A 09/30/2015 N/A 3,989,335 16,314 2,356,599 1,649,049 East West Bank 2.73% 12/07/2018 06/07/2019 3.506.550 23.683 1 — 3.530.233 — Sub Total/Average Fund 602-Interest&Sinking Revenue Bonds 7,495,885 39,997 1 2,356,599 5,179,283 Fund 863-Drainage Utility Revenue Bond TexPool N/A 10/31/2015 N/A 887,377 111,635 775,742 Southside Bank 1.88% 01/08/2018 01/08/2019 1.521.191 — 1.521,191 — RBank 2.63% 05/14/2018 05/14/2019 3.040.038 20,219 — 3,060,256 Sub Total/Average Fund 863-Drainage Utility Revenue Bond 4,561,229 907,596 1,632,826 3,835,999 — Total I Average 1$ 326,905,197 $ 88,457,447 $ 76,001,792 $ 339,527,031 $ 173,678 Page 20. Valley View Consulting,L.L.C.