BCRUA_R-21-09-22-5A RESOLUTION NO. R-2I-09-22-5A
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, 2021 for the
Brushy Creek Regional Utility Authority ("BCRUA") has been submitted to the Board of
Directors; and
WHEREAS, the Board of Directors desires to acknowledge the receipt and acceptance
of the attached BCRUA Quarterly Investment Report,Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE BRUSHY
CREEK REGIONAL UTILITY AUTHORITY:
That the BCRUA Quarterly Investment Report, attached hereto as Exhibit "A" and
incorporated herein, is hereby received and accepted.
The Board of Directors 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 22nd day of September, 2021.
- A I�Ln A -
NACOLE THOMPSO -, President
Brushy Creek Regional Utility Authority
ATTEST:
RE FLORES, Secr
hnps!lrowdraciseRss shucpoml rnnJntes/Admimsuauanlbepanmrnl Fdes�tiCR'AfBaard Pazketsl3'ackes I)ocumenlsl2021109222021 SA Res BCRUA Quanerly Invwmmt Repo"for Apnl
1.2021-lune 30,2021(0048157UA08FZ�doe
DATE: September 17, 2021
SUBJECT: BCRUA Board Meeting September 22. 2021
ITEM: 5A Consider a resolution approving the BCRUA Quarterly Investment Report for April
1, 2021 to June 30, 2021_
PRESENTER: Karen Bondy,General Manager
x Quarterly Investment
Report
PREPARED FOR BRUSHY CREEK RUA
JUNE 30, 2021
I
PATTERSON
& ASSOC IATES
A MEIDER INVESTMENT MANAGEMENT COM"AN,
WITH YOU. FOR YOU.
10s+ ° "ADS
Got Inflation? [in & A T T E.RrSON
Inflation? & ASSOCIATE S
•rner. .+n rr er.r
The temporary versus permanent nature of rice growth and the 26 20
P rY P g Home Prices Soar
resulting inflation remains the focal point for markets this quarter
as Chair Powell acknowledged the potential of persistent inflation 16 10
pressure. Production costs have moved up sharply due to supply
chain disruptions but that will likely ease. Wage pressures have
largely resulted from artificial policy measures disrupting the
balance in labor markets which may be more permanent.
As some prices temporarily increase others will persist or emerge 10 -10
but all create short and long imbalances. An example would be oil
which causes a jump in gas. It's a temporary rise (55% in WTI in .� S&P/CS 20-Cky Home Price Index YaY%
2021) but eventually this slows car sales, airline tickets and -20 1-20
production costs. Another example is semi-conductors which has 2005 2010 2015 2020
limited car productions. Vehicle prices rose 38% in the last year Source: Standard 6 Poars/HaverAnalytics
reflecting that move. Even non-processed food prices jumped but
may settle in and pass on processed food later.
5,000 5,0%
Inflation has been growing without a doubt but the question of its
staying power affects markets and the Fed directly. Inflation 0 0
definitely signals a growing economy Manufacturing continues to
slowly increase despite supply chain woes. Manufacturers have -5.000 .5,00a
seen the biggest jump in 42 years raising their end product prices. -10,0 _700W
OD
Housing continues to amaze. The number and price of homes is at
a record high largely due to migration—from urban to suburban. -75,000 -75,0
This appears to be a perfect storm of the imbalance of supply and Payrolls and Unemployment Tick Up ao
demand making it a seller's market. But if the seller is moving for -20.0m20,0W
a job they will have difficulty in a new area thereby affecting 25000 ChenpeinTotal NOMam,Ernphrmwnt(SA.Ttloua) .25000
employment.
JAN MAR MAY JUL SEP NOv JAN MAR MAY
2020 2021
Soumoa Buneu of Labor SraNsbcslHarer Anelyt=
The Fed Grows Talons PAS TERSON
& A50CIATES
............s......
The balance on the Fed FOMC opinions emerging from this month's
meeting showed a definite hawkish tone indicating a move away from the
massively accommodative stance of the last 15 months.The comments
from the lune FOMC meeting indicates that the Fed may be on the slow 1140too
.. — :onference Board-Consumer Confidence.SA
train to tapering(reducing the monthly security purchases supporting the
long end of the curve). It won't come quickly though. 120 V20
Even on the Committee consensus building needs time. The two sides see
a move away from peak growth in GDP and inflation so there is no rush to 100 100
start the process and potentially incur the wrath of another taper tantrum
as seem in 2013 as the punch bowl support was removed. The dot plot, so e0
which indicates the members' rate forecasts, shows a move to much more
rapid change than last month. The market expects the first hike in about 60- sa
18 mos.
Nord to Keep a Consumer Down
It is likely that the July meeting will have a robust discussion with some 40 40
113
forward guidance coming in September. The biggest question and rate of 2010 2011 20112 x6 2010 tots 2o,s torr Zola Z019 2020 2021
hikes will hinge on whether inflation is seen as transitory or permanent. Source The Conference Boa"MaverAnalytics
The first step will be the tapering of longer-term security purchases.
These purchases create a scarcity in the longer securities, raising prices
and keeping long term rates low. Reducing that severely affects the long June Dot Plot anff implied Rate Impact
end of the yield curve.The Fed is not alone,globally central banks are
retaining the security purchases to keep rates low. 200
One major change at the Fed was the increased rate on the Fed's Reverse 1.75 •+
Repo. The appetite for any increased short rates has made that O.OS% 1.50
market surging(to about$700 billion a week). Short term and cash 1.25 •
alternatives are limited with cash continuing to increase creating this 1,00 9
need. 0.75 +M
Finally, banks,though awash in cash, are turning depositors away. But 0.50
they passed their latest Dodd-Frank Stress Tests with flying colors. Not a 0.25
surprise after all the Fed assistance last year. 0.00
YE21 YE22 YE23
FNMA and FWLMC are not so lucky. The Court set the stage for both
agencies to stay in conservatorship as full faith and credit of the US., as
they have become major profit centers for the US Treasury. sowce.l3loanberg MaganS��leri ���n
Why is the Curve Moving and Flattening? 113 . T E s o r
& ASSOCIATES
� aOa•iera tlriM.r r•a•ra•*terra..
■ The curve has been flattening from 2 years to 10 years which seems to be from longer end rallies and short end selling.We have moved from
the bear flattening seen previously. The effect seems the same however with rates so very low and little wiggle room.
■ Short end investors remain liquid or short until some way forward is clearer and as definitive signs appear.
■ The inflation narrative is being driven by the Fed speak giving recognition to higher prices bubbling into the conversation.
■ At some point the Fed will begin to taper raining on the long end's long bull run.
3.00%
Fed purchase. keep long rates low
2.009 lun 21
— — —May-21
1. Apr-21
1,50 �0
Mar-21
0.86% r
3 A0'1b
Uncertainty and liquidity drive down
i short rates 0-25
0.5 '16 r
0.00% 0.04% 0.04% 0.06%
0.00% --
Fed Funds 3mo 6mo iyr 2yr 5yr 10yr 3Oyr
End of Month Rates-Full Yield Curve—Fed Funds to 3Oyr
SOURCE:BLOOMBERG AS OF 6/30/2021
Brushy Creek Regional Utility Authority (RUA), Texas
Quarterly Investment Report
April—June 2021
Portfolio Summary Management Report
This quarterly report is prepared in compliance with the Investment Policy and Strategy of the Authority and the Public Funds
Investment Act (Chapter 2256., Texas Government Code).
Portfolio as of March 31, 2021 Portfolio as of June 30, 2021
Beginning Book Value $ 29,223,660 Ending Book Value $ 29,476,863
Beginning Market Value $ 29,223,660 Ending Market Value $ 29,476.863
Investment Income for the period $ 3.915
Unrealized Gain.`Loss $ 0 Unrealized Gain/Loss $ 0
Change in Unrealized Gain/Loss $ 0
WAM at Beginning Period Date` I day WAM at Ending Period Date' 1 day
Change in Market Value'- $ 253,203
Average Yield to Maturity for period 0.049%
Average Yield 6 month Treasury Bill for period 0.040%
Average Yield P Year Treasury Note for period 0.060%
Authorized by:
Karen Bondy. Gen al Manager in a Patterson, President
Brushy Creek RUA Patterson& Associates
1 WAM, represents weighted average maturity.
2 Change in Market Value" is required data. But will primarily reflect the receipt and expenditure of the Authority's funds from quarter to quarter.
Portfolio Overview IM . T T SON O N
& ASIx S�OTY[xCV IYATE S
R MOII VCO Yea xT
As of June 30, 2021
F P&A reviews your portfolio for optimal asset allocation and a controlled average maturity because a diversified portfolio can better
adjust to volatile market conditions. Where extensions can be made in the portfolio, it is important to make them to find available safe
value in the markets.
The graphs below show asset allocations by market sector and by maturity in your portfolio. Inside of 1 year, we continue to see value in
commercial paper. Our expectation is of continuing low rates, but we look for value in your authorized sectors to extend and capture the
yield available as markets change.
MM 7.96%
BNYCash
We H-, Far(-,o 0 .00'% ,
).28% v,
p $30
$25
$20
$ 15
$ 10
$5
$4
0 00
TexStar �O CY
88.75%
® PATTERSON '
& ASSOC IATES
Patterson$,Associates
Brushy Creek Reg. Utility Auth 901 S.MoPac
Portfolio Management Suite 195
Austin.TX 78746
Portfolio Summary -
June 30, 2021
Par Market Book %of Days to YTM
Investments Value Value Value Portfolio Term Maturity 365 Equiv.
TexSTAR 26,162.28654 26,162.286.54 26,162,286.54 88.76 1 1 0.010
Money Market 2 346,916.88 2 346.916.88 2,346,916.88 7.96 1 1 0.450
Wells Fargo 967 659.63 967 659 63 967,659.63 3.28 1 1 0.160
29,476,863.05 29,476,863.05 29,476,863.06 100.00% 1 1 0.050
Investments
Total Earnings June 30 Month Ending Fiscal Year To Date
Current Year 1.15671 19.724 32
The following reports are submittea in accordance with the Public Funs Investment Act(Texas Gov't Code 2256) The reports also oyer supptemen taI iniormatian not required by the Act in order to fully
inform the govern ng body of Brushy Creek Regional Utility Authority of the position and activity within the Authority's portfolio of investment. The reports include a management summary overview.a
detailed inventory report for the end of the period,a transaction report as well as graphic representations of the portfolio to provide full disclosure to the governing body
Lt..c.rt
9/16/2021
Karen Bondy.General Man*6r
Reporting period 0610112021-0613012021 Portfolio BCRU
Data Updated:SET_SCRU:07/27/2021 10:48 AP
Run Date 07/27!2021 10 48 PM(PRF_PPAJ)7 3 0
Report ver 7 3 6.1
® PAT
& ASSOCIATES
S
••[!6flIXV[!TY[MT YAXA6fMlMTGGY�lNT Patterson&Associates
Brushy Creek Reg. Utility Auth 901 S.MoPac
95
Summary by Type Austin,Xui78746
June 30, 2021 -
Grouped by Fund
Number of Par %of Average Average Days
Security Type Investments Value Book Value Portfolio YTM 365 to Maturity
Fund: Construction Funds
Money Market 2 2.346.916.88 2,346,916.88 7.96 0.450 1
TexSTAR 4 2.024,059.38 2,024,059.38 6.87 0.010 1
Wells Fargo 3 0.00 0.00 0.00 0.000 0
Subtotal 9 4,370,976.26 4,370,978.28 14.83 0.246 1
Fund: Construction Funds-2017 SWIFT
TexSTAR 3 299,421.14 299.42114 1.02 0.010 1
Subtotal 3 299,421.14 299,421.14 1.02 0.010 1
Fund: Construction Funds-2018 SWIFT
TexSTAR 2 2,553,991 71 2,553,991.71 866 0.010 1
Subtotal 2 2,553,991.71 2,553,99171 8.88 0,010 1
Fund: Debt Service Funds
TexSTAR 4 6,454.086.18 6,454.08618 21.90 0.010 1
Subtotal 4 6,454,086.18 6,454,086.18 21.90 0.010 1
Fund: Escrow funds
BNY CASH 3 000 400 000 0 000
Money Market 3 0.00 0.00 0.00 0.000 0
TexSTAR 3 8,831,931.49 8,831,931.49 29.96 0.010 1
Subtotal 9 8,831,931.49 8,831,931.49 29.96 0.010 1
Fund: Escrow Funds-2017
BNY CASH 3 0.00 0.00 0.00 0.000 0
TexSTAR 3 1,108,741.06 1,108,741.06 3.76 0.010 1
Subtotal 6 1,108,741.06 1,108,741.06 3.76 0.010 1
Fund: Escrow Funds-2018
Portfolio BCRU
AP
Run Date:07/27/2021-10.53 ST(PRF ST)7.2 0
Report Ver.7.3.6.1
Brushy Creek Reg.Utility Auth
Summary by Type
Page 2
June 30,2021
Grouped by Fund
Number of Par %of Average Average Days
Securlty Type Ives menta slue Book Value Portfolio YTM 365 to Maturltv,
Fund: Escrow Funds-2018
8NY CASH 2 0.00 000 CAC 0.( D
TexSTAR 2 2,138.972.06 2,138,972.06 7 26 0(
Subtotal 4 2,138,972.06 2,138,972.06 726 0 010 1
Fund: Operating Funds
TexSTAR 1 2,751,083.52 2,751,083.52 9.33 0.0IC 1
Wells Fargo 1 967.659.63 967,659.63 3 2B 0 160 1
Subtotal 2 3,718,743 15 3,718,743.15 12.61 0.049 1
Fund: Reserve Funds
TexSTAR 1 000 0.00 0.00 0.000
Subtotal 1 000 0.00 0.00 0.000 0
Total and Average 40 29,476,863.05 29,476,863.05 100.00 0.050 1
Portfolio BCRU
AP
Run Date 0712712021 10 53 ST(PRF-ST)7.2.0
Repon Vei 7 3.6.1
® PATTERSON
& ASSOCIATES
Patterson&Assocrales
A YFEO[Q INVESTMENT MANAGEMENT GOYP4NT
Brushy Creek Reg. Utility Auth 901 S.MoPac
Fund CON -Construction Funds Suite 195
Austin,7X 7$746
Investments by Fund -
June 30, 2021
Purchase Current yTM yTM Maturity Days To
CUSIP Investment 0 Issuer Date Book Value Per Value Market Value Rate 3410 356 Date Maturity
TexSTAR
2461110300 10252 Tex*5tar Master 01/01/2018 20.122.81 20.122.8 20,122.81 0.010 0.009 0.010 1
246131030000 10006 TexSTAR-Cedar Park 1011512009 365.870.74 365.870 74 365,870.74 0.010 0.009 0.010 1
246141030000 10007 TexSTAR-Leander 10115/2009 766.559.83 766.559.83 766,559.83 0.010 0.009 0.010 1
246161030000 10008 TexSTAR-Round Rock 1011512009 871,506.00 871.506.00 871,506.00 0.010 0.009 0.010 1
Subtotal and Average 2,924,059.38 2,024,059.38 2,024,059.38 0.010 0.010 1
Money Market
6095A 10315 NexBank ICS-Round Rock 0910512019 2.346,91688 2 346 916.88 ''.346,916.88 0.450 0 443 n 45il 1
6095 10314 NexBank Public MM-Round Rock 0910412019 01)o 0.00 o.r111 1
Subtotal and Average 2,346,916.88 2,346,916.88 2,346,916.88 0.444 0.450 1
Wells Fargo
8940 10204 Wel Is Fargo Bus Chkg-C Park 0810212016 0.00 0.00 0.00 1
$932 10205 Wells Fargo Bus Chkg-Leander 08!0112016 0.00 0 00 0.00 1
8916 10206 Wells Fargo Bus Chkg-R Rock 0810112016 0.00 0 00 0.00
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0
Total Investments and Average 4,370,976.26 4,370,976.26 4,370,976.26 0.243 0.246 1
Portfolio BCRU
AP
Run Dale'07127/2021 10:40 FI(PRF FI)7 1.1
Repon Ver.7.3.6.1
Fund CON17-Construction Funds-2017 SWIFT
Investments by Fund Paget
June 30, 2021
Purchase Current YTM yTM Maturity Days To
CUSIP Investment# Issuer Date Book Value Par Value Market Value Rate 360 365 Date Maturity
TexSTAR
2461320170 10286 TF..ASTAR•Cedar Park 0210412019 21.337 37 21,337,37 21.337.37 0.010 0.009 0.010 1
2461420170 10287 iex%TAR•Leander 0210412019 256,746 40 256,746.40 256.746.40 0.010 0.009 0.010 1
2461620170 10288 TexSTAR Round Rack 0210412019 21,337 37 21,337 37 21,337.37 0.010 0.009 0.010 1
Subtotal and Average 299,429.14 299,421.14 299,421.14 0.010 0 010 1
Total Investments and Average 299,421.14 299,421.14 299,421.14 0.010 0 010 1
Portfolio BCRU
AP
Run Date 0712V2021-U t;:. A(PRF-FI)7 1 1
Report Ver 7 3.6.1
Fund CON18-Construction Funds-2018 SWIFT
Investments by Fund Page
June 30, 2021
Purchase Current YTM yTM Maturity Days To
CUSIP Investment f3 Issuer Date Book Value Par Value Market Value Rate Date Maturity
TexSTAR
2461320180 10289 TexSTAR-Cedar Park 03/07/2019 939.854.90 939,854.90 939.854.90 0 010 0.009 0 010 1
2461420180 10290 TexSTAR-Leander 03/04/2019 1,614.136.81 1,614,136.81 1.614.13681 0 010 0.009 0 010 1
Subtotal and Average 2,553,991.71 2,553,991-71 2,553,991.71 0.010 0.010 1
Total Investments and Average 2,553,991.71 2,553,991.71 2,553,991.71 0.010 0 010 1
Portfolio BCRU
AP
Run Dare 0712712021 10:40 FI(PRF FI)7 1 1
Repon Ver.7.3.6.1
Fund DS- Debt Service Funds
Investments by Fund Page
June 30, 2021
Purchase Current YTMI yTM Maturity Days To
CUSIP Investment 0 Issuer Date Book Value Par Value Market Value Rate 360 355 Date Maturity
TexSTAR
2461110230 10253 TexStar Master 01/01/2018 3,469.85 3,46985 3.469.85 1
246131023000 10003 TexSTAR-Cedar Park 10/01/2009 1,233,429.65 1,233,429.65 1,233,429.65 0.010 0.(509 3.013 1
246141023000 10004 TexSTAR-Leander 10/01/2009 3,067,970.20 3,067,970.20 3,067,970.20 0.010 0.009 0.010 1
246161023000 10005 TexSTAR-Round Rock 10/01/2009 2,149,216.48 2,149.216.48 2,149.216.48 0.010 0.009 0.010 1
Subtotal and Average 6,454,086.18 6,454,088.18 6,454,086.18 0.010 0.010 1
Total Investments and Average 6,454,086.18 6,454,086.18 6,454,088.18 0.010 0.010 1
Pontolio BCRU
AP
Run Dale 0712712021-10:40 FI(PRF FI►7 1 1
Report Ver.7.3.6.1
Fund ESC- Escrow Funds
Investments by Fund Pages
June 30, 2021
Purchase Current YTM YTM Maturity Days To
CUSIP Investment# Issuer Date Book Value Par Value Market Value Rate Date Maturity
BNY CASH
99998 10283 BNY Cash-Cedar Park 10/01/2020 0.00 0.00 0.00 1
99994 10267 BNY Cash-Leander 10/01/2020 0.00 0.00 0.00 1
99995 10268 BNY Cash-Round Rock 10/01/2020 0.00 0.00 0.00 1
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0
TexSTAR
246122009000 10000 TexSTAR-Cedar Park 10/0112009 608,660.17 608 660 17 608,660.17 0.010 0.009 0.010 1
246122009001 10001 TexSTAR-Leander 10/01/2009 3,433,904.48 3.433904.48 3.433-904.48 0.010 0.009 0.01.3 1
246122009002 10002 TexSTAR-Round Rock 10/0112009 4,789,366.84 4.789 366.84 4,789,366.84 0.010 0.009 0.010 1
Subtotal and Average 8,831,931.49 8,831,931.49 8,831,931.49 0.010 0.010 1
Money Market
86-64004317 10188 East West MM-Cedar Park 0411612014 0.00 0.00 0.00 1
86-64004325 10189 East west MM-Leander 04/16/2014 0.00 0.00 0.00 1
86-64004226 10190 East West MM Round Rock 04/16/2014 0.00 0.00 0.00 1
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0
Total Investments and Average 8,831,931.49 8,831,931.49 8,831,931.48 0.010 0.010 1
Portfolio BCRU
AP
Run Dale:07127/2021-10,40 FI(PRF_FI)7 1 1
Report Ver.7.3.6.1
Fund ESC17- Escrow Funds -2017
Investments by Fund Page B
June 30, 2021
Purchase Current YTM YTM Maturity Days To
CUSIP Investment# Issuer Date Book Value Per Value Market Value Rate 360 365 Date Maturity
BNY CASH
99991 10223 BNY Cash-Cedar Park 1010112020 0.00 0.00 0.00 1
99992 10224 BNY Cash-Leander 1010112020 0.00 0.00 0.00 1
99993 10225 BNY Cash-Round Rock 10/0112020 0.00 0.00 0.00 1
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0
TexSTAR
2461220170 10280 TexSTAR-Cedar Park 01/30/2019 291.318.40 291,318 40 291,318.40 0.010 0.009 0.010 1
2461220171 10281 TexSTAR-Leander 01/30/2019 528.579.73 528,579 73 528,579.73 0.010 0.009 0.010 1
2461220172 10282 TexSTAR-Round Rock 01/30/2019 288.842.93 288,842 93 288,842.93 0.010 0.009 0.010 1
Subtotal and Average 1,108,741.06 1,108,741.06 1,108,741 08 0.010 0.010 1
Total Investments and Average 1,108.741.06 1,108,741.06 1,108,741.05 0.010 0.010 1
Portfolio ECRU
AP
Run Date 07127IZ021-10 40 FI(PRF FI)7 1 1
Report Ver 7 3.6.1
Fund ESC18- Escrow Funds -2018
Investments by Fund Pagel
June 30, 2021
Purchase Current YTM YTM Maturity Days To
CUSIP Investment f! Issuer Date Book Value Par Value Market Value Rffie 0 365 Deft Maturity
BM'CASH
99997 10270 BNY Cash-Cedar Park 10/01/2020 0.00 0.00 0.00 1
99996 10269 SNY Cash-Leander 10/01/2020 0.00 0.00 0.06 1
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 0
TexSTAR
2461220180 10284 TexSTAR-Cedar Park 02/15/2019 1.483.160.45 1 483.16045 1.483,160.45 0.010 0.009 0.010 1
2461220181 10285 TexSTAR-Leander 0212812019 655,811.61 655,811.61 655.811.61 0.010 0.009 0.010 1
Subtotal and Average 2,138,972.06 2,138,972.06 2,138,972.06 0.010 0.010 1
Total Investments and Average 2,138,972.08 2,138,972.08 2,138,972.06 0.010 0.010 1
Portfolio BCRU
AP
Run Dare:0712712021-10.40 FI{PRF FI)7 1 1
Report Ver.7 3.61
Fund OPER-Operating Funds
Investments by Fund Page
June 30, 2021
Purchase Current yTM YTM Maturity Days To
CUSIP Investment# Issuer Date Book Value Par Value Market Value Gate 380 385 Date Maturity
TexSTAR
2461111110 10254 TexStar Master 01/01/2018 2,151.083.52 2,751,083.52 2,751,083.52 0.010 0.009 0.010 1
Subtotal and Average 2,751,083.52 2,751,083.52 2,751,083.52 0.010 0.010 1
Wells Fargo
5125 10199 Wells Fargo Bus Chkg•OW 05/26/2016 967.659.63 967,659.63 967.659.63 0.160 0.157 0.160 1
Subtotal and Average 967,859.63 967,659.83 967,659.63 0.158 0.160 1
Total Investments and Average 3,718,743.15 3,718,743.15 3,718,743.15 0.048 0.049 1
Portfolio BCRU
AP
Run Dare.0712712021-10 aV FI(PRF Fl)7 1 1
Report Ver.7.3.6 1
Fund RES- Reserve Funds
Investments by Fund Page
June 30, 2021
Purchase Current yTM YTM Maturity Days To
CUSIP Investment 0 Issuer Date Book Value Par Value Market Value Rate 30 365 Date Maturity
TexSTAR
246146233000 10043 TexSTAR-Leander 03/2512010 C.0c O.C.Q 1
Subtotal and Average 0.00 0.00 0.00 0.000 0.000 D
Total Investments and Average 0.00 0.00 0.00 0.000 0.000 0
Porttalio BCRU
AP
Run Oate 0712712021•10:40 FI(PRF FI)7.1.1
Repon Ver 7 3.6.1
PATTERSON
® & ASSOC IATES
Patterson&Associates
A M[F GER INVESTMENT MAxA6EMrxr COMPANY
Brushy Creek Reg. Utility Auth 901 S.MoPac
Interest Earnings suite 196
Austin,TX 78746
Sorted by Fund - Fund -
April 1, 2021 -June 30, 2021
Yield on Average Book Value
Adjusted Interest Earnings
Security Ending Beginning Average Maturity Current Annualized Interest Amortization/ Adjusted Interest
CUSP investment 0 Fund Type Par Value Book Value Book Value Date Rate Yield Earned Accretion Earnings
Fund:Construction Funds
246131030000 10006 CON RRP 365.870.74 150,370.40 238,895 44 0.010 0.010 6.09 0 00 609
246161030000 10008 CON RRP 871.506.00 208,213.00 552,845 16 0.010 0.010 14.07 000 1407
246141030000 10007 CON RRP 766.559.83 631,737.96 693,910 87 0 010 0.010 17.93 0.00 1793
8932 10205 CON RRS 0.00 6.51 579 0.00 0.00 000
6940 10204 CON RR5 0 00 4 37 3.89 0.00 0.00 0.00
8916 10205 CON RRS 0.00 194 1.73 0.00 0.00 0.00
2461110300 10252 CON RRP 20,122 81 20,120.09 25,961.86 0 010 0 014 0.90 0.00 0.90
6095A 10315 CON RR4 2 346,916 88 2,344,285.44 2 345,220.73 0 450 0 450 2.631.44 0.00 2.631.44
Subtotal 4,370,976.26 3,354,739.71 3,856,845.47 0.278 2,670.43 0.00 2,870.43
Fund:Construction Funds-2017 SWIFT
2461320170 10286 CON17 RRP 21,337.37 163,237.88 91158.84 0.010 0.011 2.48 O.U0 2.48
2461620170 10288 CON17 RRr' 21,337.37 162.535 58 90,810.96 0.010 0.011 2.46 0.00 2.46
2461420170 10287 CON17 RRP 256,746.40 283,42159 262.788.17 0.010 0.010 6.86 0.00 6.86
Subtotal 299,421.14 609,195.05 444,757.97 0.011 1180 0.00 11.80
Fund:Construction Funds-2018 SWIFT
2461320180 10289 CON18 RRP 939.854.90 484,190.34 745.663.43 0.010 0.010 1911 19.11
2461420180 10290 CON18 RRP 1,614,136.81 885,217.44 1,281,719,56 0.010 0.010 32 63 ;;OG 32.83
Subtotal 2,553,991.71 1.369,407.78 2,027,383.00 0.010 51.94 000 51.94
Fund:Debt Service Funds
246131023000 10003 DS RRP 1,233,42965 663614.20 1,095,659.87 0.010 0.010 28.o} 0.00 28.07
246161023000 10005 DS RRP 2,149,21648 1,090,266.52 f.093.185.38 0.010 0.010 48.46 0.DD 48.46
246141023000 10004 DS RRP 3,067,970 20 1,537,578.15 2.529.863.08 0 010 0.010 6467 0.00 64.67
2461110230 10253 DS RRP 3,469.85 3,089.47 3.231.59 47 212 380.38 0.00 380.38
Subtotal 6,454,086.18 3,294,548.34 5,521,939.92 0.038 521.58 0.00 521.58
Portfolio BCRU
AP
Run Dawr 07120/2021-16:51 E(PRF-IEl 7.2.4
Repon Ver.7 3.6.1
Brushy Creek Reg.Utility Auth
Interest Earnings Page 2
April 1,2021-June 30,2021
Adjusted Interest Earnings
Security Ending Beginning Average Maturity Current Annualized Interest Amortization/ Adjusted Interest
CUSIP Investment 41 Fund Type Par Value Book Value Book Value Date Rate Yleld Earned Accretion Earnings
Fund:Escrow Funds
246122009000 10000 ESC RRP 608,660.17 938,368.05 812,187.84 0.010 0.011 2138 0.00 21.38
246122009002 10002 ESC RRP 4,789.366.84 6.097,064.38 5,519,495.85 0.010 0.010 144,11 0.00 144.11
246122009001 10001 ESC RRP 3,433,904.48 3.623.317.16 3,551,567.25 0.010 0 010 92.37 0.00 92.37
Subtotal 8,831,931.49 10,658,748.59 9,883,250.94 0.010 257.86 0.00 257.86
Fund:Escrow Funds-2017
2461220170 10280 E17 RRP 291,318.40 389.311.35 352.857.65 0.010 0.011 9.32 0.00 9.32
2461220172 10282 ESC17 RRP 288.842.93 389,158.13 351962.87 0.010 0.011 9.32 0.00 9.32
2461220171 10281 ESC17 RRP 528,579.73 1,121,452.20 886 325.35 0.010 0.011 23.33 0.00 23.33
Subtotal 1,108,741.06 1,699,921.88 1,591,145.86 0.011 41.97 0.00 41.97
Fund:Escrow Funds-2018
2461220180 10284 ESC18 RRP 1,483,160.45 2,487,936.43 2,024,191.66 0.010 0.011 53.22 0.00 53.22
2461220181 10285 ESC18 RRP 655,811.61 2,142,545.43 1,456,361.36 0.010 0.011 38.67 0.00 38.67
Subtotal 2,138,972.06 4,630,481.86 3,480,553.02 0.011 91.89 0.00 91.89
Fund:Operating Funds
512r 10199 OPER RR5 967,659.63 1,240,948.32 517 550.28 0.160 0.158 203.49 0.00 203.49
2461111110 10254 OPCR RRP 2,751,083.52 2.165.668.15 2,487.664.76 0.010 0.010 64.34 0.00 64.34
Subtotal 3,718,743.15 3,406,616.47 3,005,215.04 0.036 267.83 0.00 267.83
Total 29,476,863.05 29,223,660.48 29,611,091.22 0.053 3,915.30 0.00 3,815.30
Portfolio 8CRU
AP
Run Date 07/2812021-16 51 FE(PRF_IE)7.2.0
Repon Ver.7.3.6 1
® PATTERSON
& A S S O C I A T E S
Patterson&Associates
A YE[DEi MYE STM[YT MAMAO[MFXT COMPANY
Brushy Creek Reg. Utility Auth 901 S.Mopac
Suite 195
Texas Compliance Change in Val Report Austin,TX 78746
Sorted by Fund
April 1, 2021 -June 30, 2021
Beginning Ending
Inv r Issuer Fund Purch Date Interest Accrual Book Value Book Value
Beginning Purchases! Ending
Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value
Fund:Construction Funds
10006 TXSCP CON 10115!2009 6.09 150,370.40 329.735.35 114,235.01 215.500.34 365,870.74
246131030000 365,870.74 0.010 609 150,370.40 329.735.35 114,235.01 215,500.34 365,870.74
10007 TXSLE CON 10/15/2009 1793 631,737.96 189,522.98 54.701.11 134.821.87 766,559.83
246141030000 766.559.83 0.010 � 1793 631,737.96 189.522.98 54,701.11 134,821.87 766,559.83
10008 TXSRR CON 10115/2009 14.07 208,21300 1.307.857,66 644,564.66 663.293 00 871,506.00
246161030000 871.506.00 0.010 ! 14.07 208,213 00 1,307,857.66 644,564.66 663,293 00 $71,50600
10204 WFBCCP CON 08102/2016 0.00 4 37 0.00 4.37 -437 0 00
8940 0.00 0 000 1 1 0.00 4 37 0.00 4.37 -437 0 00
10205 WFBCLE CON 0810112016 0.00 651 0.00 6.51 -651 000
8932 0.00 0 000 f 1 0.00 6.51 0.00 6.51 -651 000
10206 WFBCRR CON 0810112016 0.00 1.94 0.00 1.94 -194 000
8916 0.00 0 000 1 f 0.00 1.94 0.00 1.94 .194 0.00
10252 TXMAST CON 01/0112018 0.90 20.120.09 3,215,755 56 3,215.752.84 2.72 20.122.81
2461110300 20.122.81 0010 1 r 0.90 20.120.09 3.215,755.56 3,215,752.84 2.72 20.122.81
10314 NXMMRR CON 09/0412019 0.00 0.00 0.00 0.D0 0.00 0.00
6095 0.00 0.000 11 0.00 0.00 0.00 0.00 0.00 0.00
10315 NICSRR CON 09105!2019 2.631.44 2,344,285.44 2.631.44 0.00 2,631.44 2,346,916.88
6095A 2,346,916.88 0.450 11 2.631,44 2,344,285.44 2,631.44 0.00 2.631.44 2,346.916.88
Sub Totals For:Fund:Construction Funds 2,670.43 3,354,739.71 5.045,502.99 4,029,266.44 1,016.236.55 4,370,976.26
2.670.43 3,354,739.71 5.045.502.99 4,029,266.44 1,016,236.55 4,370,976.26
Fund;Construction Funds-
Portfolio ECRU
Run Date 0712812021.16 57 TC(PRF TQ 7.0
Repon Ver 7.3.6.1
Brushy Creek Reg.Utility Auth
Texas Compliance Change in Val Report Page 2
April 1,2021-June 30,2021
Beginning Ending
Inv# Issuer Fund Purch Date Interest Accrual Book Value Book Value
Beginning Purchases/ Ending
Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value
10286 TXSCP CON17 02/04/2019 2.48 163.237.88 98,004.75 239,905.26 -141,900.51 21.337.37
2461320170 21,337.37 0.010 / 1 2.48 163,237.88 98.004.75 239,905.26 -141,900.51 21,337.37
10287 TXSLE CON17 02104/2019 6.86 283,421.59 592,902.66 619,577.85 -26,675.19 256,746.40
2461420170 256.746.40 0.010 / 1 6.86 283,421.59 592,902.66 619,577.85 -26,675.19 256.146.40
10288 TXSRR CON17 02104/2019 2.46 162.535.58 102,260.45 243,458.66 -141,198.21 21,337.37
2461620170 21.337.37 0.010 / 1 2.46 162.535.58 102,260.45 243,458.66 -141,198.21 21,337.37
Sub Totals For:Fund:Construction Funds- 11.80 609,195.05 793,167.86 1,102,941.77 -309,773.91 299.421.14
11.80 609,195.05 793,167.86 1,102,941.77 -309.773.91 299,421.14
Fund:Construction Funds-
10289 TXSCP CON18 03/07/2019 19.11 484,190.34 1,004,852.68 549,188.12 455,664.56 939,854,90
2461320180 939.854.90 0.010 11 19.11 484,190.34 1,004,852.68 549,188.12 455,664.56 939,854.90
10290 TXSLE CON18 03/04/2019 32.83 885.217.44 1,486.811.83 757,892.46 728,919.37 1,614,136.81
2461420180 1,614,136.81 0.010 11 32.83 885.217.44 1.486,811.83 757,892.46 728,919.37 1,614,136.81
Sub Totals For:Fund:Construction Funds- 51.94 1,369.407.78 2,491,664.51 1,307.080.58 1,184,583.93 2,553,991.71
51.94 1,369.407.78 2,491,664.51 1,307.080.58 1,184,583.93 2,553,991.71
Fund:Debt Service Funds
10003 TXSCP DS 10/01/2009 28.07 663,614.20 569,815.45 0.00 569,815.45 1,233,429.65
246131023000 1.233,429.65 0.010 / / 28.07 663,614.20 569,815.45 0.00 569,815 45 1.233,429.65
10004 TXSLE DS 10/01/2009 64.67 1.537,578.15 1,530,772.42 380.37 1,530,392.05 3,067,970.20
246141023000 3.067.970.20 0.010 / 1 64.67 1.537,578.15 1,530,772.42 380.37 1,530,392.05 3,067,970.20
10005 TXSRR DS 10/01/2009 48.46 1,090,266.52 1,058,949.96 0.00 1,058,949.96 2,149,216.48
246161023000 2,149,216.48 0.010 / 1 48.46 1,090,266.52 1,058,949.96 0.00 1,058,949.96 2,149,216.48
10253 TXAAAST DS 01/01/2018 380.38 3,089.47 380.38 0.00 380.38 3,469.85
2461110230 3,469.85 0.000 ! 1 380.38 3,089.47 380.38 0.00 380.38 3,469.85
Portfolio BCRU
Run Date 07!2612021.16:57 TC(PRF TC)7.0
Report Ver 7 3.6.1
Brushy Creek Reg.Utility Auth
Texas Compliance Change in Val Report Page 3
April 1,2021-June 30,2021
Beginning Ending
Inv# Issuer Fund Purch Date Interest Accrual Book Value Book Value
Beginning Purchases! Ending
Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value
Sub Totals For:Fund: Debt Service Funds 521.58 3,294,548.34 3.159,918.21 380.37 3,159.537.84 6,454,086.18
521.58 3,294,548.34 3.159,918.21 380.37 3,159.537 84 6,454,086.18
Fund:Escrow Funds
10000 TXSCP ESC 10101/2009 21.38 938.368.05 21.38 329,729.26 -329,707 8B 608.660.17
246122009000 608,660.17 0.010 ! ! 21.38 938,368.05 21.38 329,729.26 -329,707.88 608.660.17
10001 TXSLE ESC 1010112009 92.37 3.623,317.16 92.37 189,505.05 -189,412.68 3,433,904.48
246122009001 3,433,904.48 0010 1 9237 3.623.317.16 92.37 189,505.05 -189,412.68 3,433,904.48
10002 TXSRR ESC 1010112009 144.11 6,097,064.38 144.11 1.307,841.65 -1,307,697.54 089,366.84
246122009002 4,789.366.84 0010 + 144.11 6,097,064.38 144.11 1,307,841.65 -1,307,697.54 4,789,366.84
10188 EWMMCP ESC 04/1612014 0.00 0.00 0.00 0.00 0.00 000
86.64004317 0.00 0 000 + r 0.00 0.00 0.00 0.00 0.00 0.00
10189 EWMMLE ESC 04116!2014 0.00 0.00 0.00 0.00 0.00 0.00
136-64004325 0.00 0.000 i i 0.00 0.00 0.00 0.00 0.00 0.00
10190 EWMMRR ESC 04/16/2014 0.00 0.00 0.00 0.00 0.00 0.00
86.64004226 0 00 0.000 1 1 0.00 0.00 0.00 0.00 0.00 0.00
10267 CASHLE ESC 10/01/2020 0 00 0.00 0.00 0.00 0.00 0.00
99994 0 00 0.000 1 J 0 00 0.00 0.00 0.00 0.00 0.00
10268 CASHRR ESC 10/01/2020 0.00 0.00 0.00 0.00 0.00 0.00
99995 0.00 0.000 11 0.00 0.00 0.00 0.00 0.00 0.00
10283 CASHCP ESC 10/01/2020 0.00 0.00 0.00 0.00 0.00 0.00
99998 0.00 0.000 11 0.00 0.00 0.00 0.00 0.00 0.00
Sub Totals For: Fund:Escrow Funds 257.86 10.658,749.59 257.86 1.827,075.96 -1,826.818.10 8,831,931.49
257.86 10.658,749.59 257.86 1.827.075.96 -1,826,818.10 8.831,931.49
Fund: Escrow Funds-2017
10223 CASHCP ESC17 1010112020 0.00 0.00 0.00 0.00 0.00 0.00
99991 0.00 0.000 1 ! 0.00 0.00 0.00 0.00 0.00 0.00
Portfolio BCRU
Run Daae 07/2812021-16 57 TC{PRF-TC)7 0
Report ver 7 3.6 1
Brushy Creek Reg.Utility Auth
Texas Compliance Change in Val Report Page 4
April 1,2021-June 30,2021
Beginning Ending
Inv# Issuer Fund Purch Date Interest Accrual Book Value Book Value
Beginning Purchases/ Ending
Custp Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value
10224 CASHLE ESC17 10/01/2020 0.00 0.00 0.00 0.00 0.00 0.00
99992 0.00 0.000 11 0.00 0.00 0.00 0.00 0.00 0.00
10225 CASHRR ESC17 10/01/2020 0.00 0.00 0.00 0.00 0.00 0.00
99993 0.00 0.000 11 0.00 0.00 0.00 0.00 0.00 0.00
10280 TXSCP ESC17 01/3012019 9.32 389,311.35 9.32 98,002.27 -97,992.95 291,318.40
2461220170 291.318.40 0.010 11 9.32 389,311.35 9.32 98,002.27 -97,992.95 291,318.40
10281 TXSLE ESC17 0113012019 23.33 1,121,452.20 23.33 592.895.80 -592,872.47 528,579.73
2461220171 528,579.73 0.010 i f 23.33 1,121.452.20 23.33 592,895.80 592.872.47 528,579.73
10282 TXSRR ESC17 01/3012019 9.32 389,158.13 9.32 100,324.52 -100,315.20 288,842.93
2461220172 288.842.93 0.010 ? � 932 389,158.13 9.32 100,324.52 -100,315.20 288.842.93
Sub Totals For:Fund:Escrow Funds-2017 4197 1,899,921.68 41.97 791,222.59 -791,180.62 1,108.741.06
41.97 1.899,921,68 41.97 791,222.59 -791,180.62 1,108,741.06
Fund:Escrow Funds-2018
10269 CASHLE ESC18 1010112020 0.00 0.00 0.00 0.00 0.00 0.00
99996 0.00 0.000 f 1 0.00 0.00 0.00 0.00 0.00 0.00
10270 CASHCP ESC18 10/01/2020 0.00 0.00 0.00 0.00 0.00 0.00
99997 0.00 0.000 ? + 0.00 0.00 0.00 0.00 0.00 0.00
10284 TXSCP ESC18 02/1512019 53.22 2,487,936.43 53.22 1,004,829.20 -1.004.775.98 1,483,160.45
2461220180 1,483,160.45 0.010 11 53.22 2,487,936.43 53.22 1,004,829.20 -1,004.775.98 1,483,160.45
10285 TXSLE ESC18 02/28/2019 38.67 2,142,545.43 38.67 1,486,772.49 -1,486,733.82 655.811.61
2461220181 655.811.61 0.010 11 38.67 2,142,545.43 38.67 1.486,772.49 -1,486,733.82 655,811.61
Sub Totals For:Fund:Escrow Funds-2018 91.89 4,630.481.86 91.89 2,491,601.69 -2,491,509.80 2,138,972.06
91,89 4,630,481.86 91.89 2,491,601.69 -2,491,509.80 2,138,972.06
Fund:Operating Funds
10199 wFBCOP OPER 05/26/2016 203.49 1,240,948.32 3,833,941.86 4,107,230.55 -273,288.69 967,659.63
5125 967,659.63 0.160 11 203.49 1,240,948.32 3,833,941.86 4.107,230.55 -273,288.69 967,659.63
Portfolio BCRU
Run Date 0712812021-16:57 TC{PRF.TC)7,0
Report Ver 7 3.6.1
Brushy Creek Reg.Utility Auth
Texas Compliance Change in Val Report Page 5
April 1,2021-June 30.2021
Beginn-rS Ending
Inv# Issuer Fund Purch Date Interest Accrual Book Value Book Value
Beginning Purchases/ Ending
Cusip Par Value YTM Mat Date Interest Received Market Value Additions Redemptions Change in Value Market Value
10254 TXMAST OPER 01101f2016 64.34 2,165.668.15 999,849.48 414 434.11 585,415.37 2.751,083.52
2461111110 2 751 083.52 0.010 1 1 64.34 2.165,668.15 999.849 48 414,434.11 585.415.37 2,751,083 52
Sub Totals For:Fund:Operating Funds 267.83 3,406,616.47 4,833.791 34 4,521,664.66 312,126.68 3,718,743.15
267.83 3 406,616.47 4.833.791 34 4,521,664.66 312.126.68 3.718.74315
Fund: Reserve Funds
10043 TXSLE RES 03/2512010 0.00 0.00 0.00 G 0C 0.00 0.00
246146233000 0.00 0.000 1 1 0.00 0.00 0.00 0 or. 0.00 0.00
Sub Totals For:Fund:Reserve Funds 0.00 0.00 0.00 0.00 0.00 0.00
0 00 0.00 0.00 0 00 0.00 0.00
Report Grand Totals: 3,915.30 29,223,660.48 16,324.436.63 16,071,234.06 253,202.57 29.476.863.05
3,915.30 29,223,660.48 16 324 436.63 16.071,234 06 253,202 57 29,476,863.05
Portfolio BCRU
Run Date 0712812021-16 57 TC(PRF TC)7.0
Repot Ver 7 3.6.1
® PATTERSON
Disclosure & A S Sr0 C I ATE S
.rwr r•e•arrr wt co.r.wr
Meeder Public Funds, Inc., dba Patterson &Associates is a registered investment adviser with the Securities and
Exchange Commission (SEC) under the Investment Advisers Act of 1940. Registration with the SEC does not imply
a certain level of skill or training. The opinions expressed in this presentation are those of Meeder Public Funds,
Inc. The material presented has been derived from sources considered to be reliable, but the accuracy and
completeness cannot be guaranteed.
Meeder provides monthly statements for its investment management clients to provide information about the
investment portfolio. The information should not be used for audit or confirmation purposes. Please review your
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Certain information and data have been supplied by unaffiliated third parties. Although Meeder believes the
information is reliable, it cannot warrant the accuracy of information offered by third parties. Market value may
reflect prices received from pricing vendors when current market quotations are not available. Prices may not
reflect firm bids or offers and may differ from the value at which the security can be sold.
Statements may include positions from unmanaged accounts provided for reporting purposes. Unmanaged
accounts are managed directly by the client and are not included in the accounts managed by the investment
adviser.This information is provided as a client convenience and the investment adviser assumes no responsibility
for performance of these accounts or the accuracy of the data reported.
Investing involves risk. Past performance is no guarantee of future results. Debt and fixed income securities are
subject to credit and interest rate risk.The investment return and principal value of an investment will
fluctuate so that an investors shares,when redeemed, may be worth more or less than their original cost.
Current performance may be lower or higher than the performance data quoted.
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advisory services are provided through Meeder Public Funds, Inc, dba Patterson &Associates. Please contact us if Patterson Associates
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