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R-2017-4385 - 5/11/2017 RESOLUTION NO. R-2017-4385 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 March 31, 2017 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 11th day of May, 2017. / ' 7 ALAN MCGRAW, Mayor City of Round Rock, Texas ATTEST: QWA,- I I&�* w SARA L. WHITE, City Clerk 0112 1704;00377364 EXHIBIT "A„ PaROUND ROCK TEXAS QUARTERLY INVESTMENT REPORT For the Quarter Ended March 31, 2017 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. (*'� - ya&a Chi Financial Officer Deputy Chief Financi Officer Accounting Manager Treav6Ay Accountan Valley View Consulting, LLC Dated Disclaimer:"Ihesc 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 Nields and do not account for investment advisor fees. Summary Holdings by Investment Category (Security Sector) March 31,2017 YTM Description Cost Book Value Market Value Cash 0.35% $ 18,564,385 $ 18,564,385 Certificates of Deposit 1.08% 189,443,076 189,443,076 Local Government Investment Pool 0.64% 26,690,958 26,690,958 Money Market Accounts 1.18% 22,875,674 22,875,674 Municipal 1.07% 24,566,598 24,545,897 US Agency 0.80% 32,998,072 32,987,321 US Treasury L0.00% 0 0 Total/Average 0.98% 1 $ 315,138,7621 $ 315,107,310 December 31,2016 YTM @ Description Cost Book Value Market Value Cash 0.35% $ 19,318,127 $ 19,318,127 Certificates of Deposit 0.98% 154,560,610 154,560,610 Local Government Investment Pool OA6% 41,140,311 41,140,311 Mone Market Accounts 0.72% 17,830,385 17,830,385 Municipal 0.90% 16,732,574 16,685,915 USA ency 0.77% 48,495,350 48,488,535 US Treasury 0.62% 12,500,656 12,501,050 Total!Average 0.81% $ 310,578,013 $ 310,524,932 Average Yield Current Fiscal Year- Quarter(1) to-Date(2) Total Portfolio 0.98% 0.89% TexPool Yield 0.62% 0.54% Rolling Three Mo.Treas.Yield 0.60% 0.52% Roiling Six Mo.Treas.Yield 0.64% 0.57% Rolling 1 Yr.Treas.Yield 0.69% 0.65% Rolling 2 Yr.Treas.Yield 0.84% 0.80% Investment Income(3) Interest Income(Approximate) $ 684,818--$ 1,276,871 WAM at 3/31/2017 Policy WAM Max Total Portfolio 249 days 540 days Pooled Funds 295 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. Valley View Consulting,L.L.C. Page 1. Economic Overview 3/31/2017 The Federal Open Market Committee(FOMC)raised the Fed Funds target range of 0.75%-1.00%(actual Fed Funds are trading+/-90 bps). There are mixed anticipations for additional FOMC actions this year, Some look for another rise as early as the June FOMC meeting. Final revision 4th Quarter 2016 GDP increased to 2.1%. US data reflects continuing modest to moderate economic growth. The Stock Markets recorded new highs. Financial Institution deposits(MMAs and CDs)generally offer the best interest earnings opportunity. 3 ou Treasury Yield Curves S&P 500 250 2,750 __ _ <_ ---- 2,500 200 2,250 MID 5 2,000 150 aw di � 1,750 - 1.500 100 . . aw �' 1.250 - ..... MII►f 1,000 0.50 -r 750 .. 500 000 250 ,-C9P1 ,oSP oo SCS'' 09 0 ,�.� .1 �` �`t• ;.`ti �� �'S �.a �p sh .0 ,�6 ,�0 �1 March 31.2016. + December 31,I01b +��+:yarch 31,201? PJ 4e PJ F° PO e< P'PrJB fed PJB �� P,A F� PJB F� PJB F°� PJA F� PJB 4'F 550 --S.Treasury Historical Yields-Since 2006 US Treasury Historical Yields-Since Nov 2015 5 00 . .'l.'�. 3 00 d 50 _. -.- -_ 250 �� 1 dti✓ 400 ,�,�Cp' `r. 3 50 200 300 141 --J/� 250 1 50 ! 200 .. it � �`+t,r�i,pts 150 100 - ._._(..... .. �,.. 0.50 t .. .. 050 /-+i.+. r,r✓ "1`y ..Mr i.4„`r�r.r..n n`�,r s 000 r A S b ♦5 \� \l \u \b \b ♦b \b \b \b ♦b U b b 1 1 } `jR� 'y't'� y.QA .fe� 5eV♦� �Q\\ So4\r ye9♦ 7;C"♦� �4\ �,:C� °s S• � 2y ,� �. �� \ b� ♦ �� •yin #i, ._ - _—_.— - O _ 1 SI` P�_.._'0 �o�` '1", '00 5FZ 0`. �° O` 1� F- ZRo �Q _Il 1L'C-.�!! _ _ ro 1_.tr•c:+4Sr +�. TcIS_Y..Enr T-fiats -... - .... _._ ..__. _..._...._ .. -.--___ ._._. 'renlslr't'-Yotc Valley ViewConsullmg.L.L.C. Page 2. Holdings by Investment Category March 31,2017 Pooled DWX Service Debt Service Reserve Capital Project&Special Total Funds Funds Funds Purpose Funds Portfolio Description Book Value %of Portfollo Book Value %of Portfolio Book Value %of Portfolio Book Valu* %of Portfollo Book Value %of Portfollo Cash 3 18,325,551 8% S 238,834 0% 3 - 0% 5 - 0% $ 18,564,385 6% Certificates ofDe osd 159,771,760 51°6 2,504,1-92—F-1 1/. - 0% 27.167,124 9% 169,443,076 60% Investment Pools 9,812,561 3% 10,268,054 3% 8277 0% 6602,066 2% 26,690,958 8% Money Market Accounts 10,900,860 3% 5,007,295 2% 803,535 0% 6163,984 2°6 22,875,674 7% Municipal 24,566,598 8% — 0% — 0% — 0% 24.566,598 8°/ USA en 32,998.072 10% - 0°;a 01.5 - 0% 32,998,072 10 Total/A e $266,376,402 6_1_%_F_$ 18,018 376 6% $ 811,811 1 0% ; 39,933,174 1 13% $316,138,762 1 100% Portfolio Balances (Millions) $350 Order of Liquidity $300 aCash $250 oLocal Government Investment Pool $200 i 13Money Market Account $150 E3 US Agency 5100 ❑Municipal $50 V 17Certificates of Deposit $0 L Pooled Funds DS Funds DSR Funds CPBSP Funds Total Portfolio 313112017 3/3112017 3131/2017 3/31/2017 3/31/2017 Page 3. Valley View Consulting,L.L.C. Investment Holdings by Investment Category Quarterly Transactions By Investment Category March 31,2017 March 31,2017 Portfolio Not Cash Equivalent Descriptlon Book Value %of Portfolio Urnitatlon Description Buys saps Maturities Calls Inil"at Depos rawal) Cash $ 18,564,385 6% 100% Cash $ - S - $ - s - $ - S (753,741) Certificates of Deposit 189,443,076 60% 75% Certificates of Deposit 41.393,486 - 6,511,020 419,073 Investment Pods 26,690,958 8% 100% Investment POOIS - - - - 47.436 (14.449,353) Money Markel Accounts 2T 875,674 7% 50% Money Markets Accounts - - 45,299 5,045,289 Municipal 24,566 598 8% 35%/5% Municipal Se cur ties 11,288,818 - 3,325,000 113,047 US Agency 32,998.072 10% Combined USA en 15,500,000 131,875 US Treasury - 0% 75% US Treasury - - 12,500,000 - 41,563 - Tahl IAvera a $ 31ff 136.762 100% PASSED Touts $ 62,!!12 304 S - S 37 638 020 $ - 790,2921$ 101ff7,60ff Portfolio Balances(Millions) Portfolio Composition $400 Order of Liquidity March 31,2017 Certificates of $350 ■Cash Deposit 60% $300 0 Local Government Investment Pool Cash $250 6% ■Money Markel Account , $200 ■US Treasury $150 i 13 US Agency US Agency 11 ❑Muniupal � $50 ■Certificates of Deposit Mun,cipai $0 8% 3131/16 6/30116 4/30/16 12/31/16 3131117 Money Market Investment Pods Accounts 8% 7% Page 4. Valley View Consulting,L.L.C. Portfolio Balances By Fund (Millions) $400 $350 $300 ■Capital Project&Special Purpose Funds $250 o Debt Service Reserve Funds $200 $150 a Debt Service Funds $100 ®Pooled Funds $50 $0 9/30/2015 12/3112015 3131/2016 6/30/2016 9/30/2016 12/31/2016 3/31/2017 Valley View Consulting,L.L.C. Page 5. City of Round Rock Pooled Funds Performance 1.00 0.90 0.80 0.70am d_a/ do up 00 "" 0.60 aar►a* doo ,,...«..." .0000 .00 am 0.50 .+400«„ +�. 00 WOO .ar ar a+arM WO """' a 0.40 a®.am ��,,• � a/0` 0.30 '. .r+ sun 0.20 i0010 0.10 Now woo r 0.00 +�h N Nb Nb Nb Nb No Nro ,pro NrO ,pro ^b �b �rp �r bra �1 ^� �1 �O �O �O ry0 rL0 ,LO rL0 �O �i ,y0 ,y0 �O �O �O �O \�O\ NZN,,b\ ^N\-3 ��\g'`\ N\-t, �y\v b\,��\ p\O\ g\�\ b\"�O\ A\--, %\'b pb\"�O\T ��\3�\ NN\"5O\ Nq\„��\ ,\\��\ �\1�\ b\,b Round Rock TexPool aa. Rolling 1.5 yr Treasury(Policy WAM max) • Rolling 9 mo Treasury (Comparable WAM) Valley View Consulting:.L.L.C. Page 6. Holdings by Allocation and Portfolio Fund March 31, 2017 Coupon Settlement Face Amount/ Issuer RateLCrdit Rating Date Shares Book Yalue Marke et Market Value Maturity Date Days to YTM @ Maturtty Book Fund 000-Pooled Investments Pric NexBank 1.21°! 11/29'2016 $ 8873339 $ 8,873.339 100.00 $ 8873,339 NIA 1 1,21 Green Bank 1.00% 06109/2016 2,027,521 2027,521 100.00 2027,521 NIA 1 1.00% JPMor an Chase 0.35% 09/30/2015 18,325 551 i8 325,551 100.00 1d.325,551 N/A 1 0.35% Tax STAR 0.63% AAAm 09/30/2015 190 354 190,354 100.00 190,354 WA 1 0.63% TexPool 0.62% AAAm 09/30/2015 4,588,007 4588,007 100.00 4.588 007 NIA 1 0.62 TexasDAILY 0.66% AAAm 09/30/2015 5,034,200 5,034,200 100.00 5,034,200 N/A 1 0.66% FFCB 0.70% Aaa/AA+/AAA 04/06/2015 6,000000 5999,982 99.99 5.999,fi85 04/06/2017 6 0.72% FFCB 0.65% Aaa/AA+/AAA 09/08/2015 2,000,000 1,999,916 99.97 1999,483 0510112017 31 0.70% Tulsa Count OK 2.00% -/AA-/- 05/28/2015 3.165 000 3 168,593 100.10 3.168,228 M0112017 31 0.65% Union State Bank 0.60% 05112/2016 2,000.000 2,000,006 100,00 2,000,000 05111/2017 41 060% FHLB 0.75% Aaa/AA+/AAA 09/08/2015 5,000 000 5000,207 99.95 4997322 06/15/2017 76 013% FFCB 0.68% Aaa/AA+/AAA 09/0812015 5 000,000 4999107 99.95 4 997.280 07!6312017 94 0.75% FHLMC 0.75% Aaa/AA+/AAA 01/0712016 5,000,000 4 996,635 99 97 4 998.344 07/14/2017 1 DS 0.99 SouthsideBank 0.85% 01/25/2016 5 042,753 5 042 753 100.00 5 042,753 07/2512017 116 0.85% Union State Bank 0.85% l/AAA/AA08/11/2016 5,000,000 5,000 5.000 100.00 000,000 08/10/2017 132 0.85% Arti fon TX 2.50% AaA 06/17/2015 3,000,000 3 018.453 100.65 3,019,500 08115/2017 137 0.84% FNMA 0.88% Aaa/AA+/AAA 02/17/2015 5,000,000 5,000.020 99.97 4.998.535 08/28/2017 150 0.87% FHLB 0.90% Aaa/AA+/AAA 09/08/2015 5,000,000 5.002,205 99.93 4.996,673 69128/2017 181 0.81% Inde endent Bank 0.95% 03130/2016 10.095,339 10,095,339 100.00 10,095.339 09/30/2017 183 0.95% TX Pub Fin Auth-TxbI 0.94% Aaa/AAA/- 02/08/2017 5,000,000 5.000,979 99.97 4,998,700 10/01/2017 184 SouthsAe Bank 0.97% 12/08/2015 5.060,886 5,060,886 100.00 5,060,886 10/01/2017 184 0.97% Southside Bank 1.00% 12/08/2015 5,062,779 5,062.779 100.00 5,062,779 11/0112017 215 100% Lea Texas Bank 0.92% 08129/2016 5,026,779 5.026.779 100.00 5,026.779 11129/2017 2431 0.92% Southside Bank 1.03% 12/0812015 5,064 672 1 5,064,672 100.00 5064 672 12!0112017 245 1.03% Southside Bank 1.12% 01106,2016 7,584.586 7,564,586 100.00 7,584-586 01/0812018 283 1.12% Southside Bank 1.00% 01/25/2016 5,050 326 5,050 326 100.00 5,050,326 01/25/2018 300 1.00% Arlington TX ISD 0.00% Aaa/AAA/- 07/26/2016 500.000 495,557 98.79 493,930 02/15/2018 321 1.02% Lubbock TX 4.44% Aa2/AA+/AA+ 02/14/2017 1040,000 1,070,593 102.80 1,069,130 02/15/2018 321 1.07% Union State Bank 1.20% 02/23/2017 5000,000 5000,000 100.00 5,000,000 02/22/2018 328 1.20% Independent6ank 1.00% 02/25/2016 13,130 187 13,130.187 100.00 13,130.187 02/25/2018 331 1.00% Le ac Texas Bank 1.05% 0612012016 5 039 404 5039,404 100.00 5.039.404 03/20/2018 354 1.05% LegacyTexas Bank 1.00% 0710612016 4,530 046 4.530,046 100.00 4.530,04604/06/2018 371 1.00% R Bank 1.50% 05/13/2016 7,585.551 7585551 10000 7585551 05/14/2016 409 Texas A&M UniversitySystem 1.54% AaalAAAlAAA 10/28!2015 357 000 , , . , ,3.591,546 100.48 3,587,029 05/1512018 410 0.99% Le ac Texas Bank 1.10% 06/03+2016 5041288 5041.288 IMOO 5,041,288 06/04/2018 430 1,10% LegacyTexas Bank 1.10% 06/20/2016 5.041,288 5,041.288 100.00 5.041.288 0612012018 446 1.10% Le ac Texas Bank 1.05% 07/06!2016 4 531 553 4 531,553 100.00 4,531,553 07/06/2018 462 1.05% LegacVTexas Bank 1.02% 08129,2016 10,059 394 10059,394 100.00 10,059,394 08/29/2018 516 1.02% Green Bank 1.02% 09/13/2016 5.025.322 5.025,322 100.00 5,025,322 09113/2016 531 102% Wallis State Bank 1.28% 01/2712017 4.500 000 1 4.500,ODO 100.00 4,500,000 10/29/2018 577 1,28% DFW Air rt-Txable Ret 3.12:; Al/A+703124=2017 5000000 5.126227 102.49 5124600 11/01/2016 580 1.50% Wallis State Bank 1.301/6 02/16/2017 5,000,000 5000,000 100.00 5,000,000 11115/2018 594 1.30% Southside Bank 1.15% 12/0612016 5,014178 5,014,178 100.00 5.014.178 12/06/2018 615 1.15% Lubbock National Bank 1.45% 01/11/2017 10,023 452 10,023,452 100.00 10,023,452 01/1112019 651 1.45% Tomball TX CO's 5.00% Aa3/AA+/- 12/20/2016 775.000 826,382 107.07 829,762 0211512079 686 1.40% Lea Texas Bank 1.40% 02/17/2017 9.510.203 9,510,203 100.00 9,510,203 02/1912019 690 1.40% Corpus Chnsh-Ret 1,81°5 Aa2/AAIAA 03/14/2016 2.250.000 2,268,268 100.22 2255,018 03i01/2019 700 1.37% Lubbock National Bank 1.45% 03/01/2017 5,506.773 5,506,773 100.00 5.506,773 03/01/2019 700 1.45% Union State Bank 0.99� 12105120?6 245.000 245.000 700.00 245 000 12/05/2019 979 0,99% Sub Total/Avera a 1.10X 256,110,732 256,375,402 100.09 256,343,950 295 1.00% Valley View Consulting,L.L.C. Page 7 Holdings by Allocation and Portfolio(Fund) March 31, 2017 Issuer Coupon Credit Rating settlement FateShares Price Book Yalue Market Market Value Maturity Oate Days to Y71Y1 Maturity Book Fund 170-Interest 3 Sinking GO Bonds TexasDAILY 0.66% AAAm 04130/2016 9.029,880 9,029,880 100.00 9.029,880 I N/A II 0.66% NexBank 1.21% 07/2712017 5007,295 5,007,295 100,00 5,007,295 1 1.21% TexPool 0.62% AAA m 09130!2015 90879 90,879 100.00 90,879 N/A 1 0.62% Sub Total 1 Average 0.86'/. 14,128,054 14,128 054 100.00 14128 054 1 0.86% Fund 210-Interest&Sinking Debt Service JPMor an Chase 0.35% 09!3012015 238 634 238.834 100.00 238 834 N/A 11 0.35% Southside Bank 0.68% 12106/2016 1,252 096 1,252,096 100 00 1.252,056 06/0612017 67 0.68% Sub Total!Average 0.53y. 1,490,930 1,490,930 100.00 1,490,930 56 0.63X Fund 460-Bond Fund NexBank 1.214a 1112912016 6 163,984 6 163 984 100.00 6163,984 NIA 1 1.21% TexPool 0.62% AAAm 09/30/2015 3426,155 3,426.155 100.00 3,426,155 NIA 1 O.fi2% Southside Bank 0.78;b 04101/2016 4,023 553 4.023,553 100.00 4.023,553 04/0312017 3 0.7B% R Bank 1.01% 01/0512016 7,070.544 7,070,544 100.00 7.070,544 06130/2017 91 1.01% Green Bank 0.84% 09/15/2016 7.029.189 7,029.189 100.00 Sub Total 1 Average 7,029,189 09115!2017 168 O.84% 0.43X 27,713,424 27,713,424 100.00 27,713,424 Fund 461-CO Bond Fund 67 0,93% Southside Bank 0.76;5 04/01/2016 1 6,035.329 6,035,329 100.00 6,035,329 04103/2017 3 0.78% Sub Total/Average 0.78X 6,035 329 6,035,329 100.00 8,035 329 3 0.78X Fund 691-Reserves Fund Green Bank 1 oo-.1 1 06/0912016 1 803 535 803,535 100.00 1 803 535 N/A ll 1.00% TexPool 0.62';,j AAAm 09130/2015 8.277 8.277 100.00 8,277 NIA 11 0.62% Sub Total/Average 1.06%1 811,811 1,. 811,811 1 100.00 811,811 11 1.00% Fund 602-Interest 8 Sinking Revenue Bonds TexPoal 0.62%1 AAAm 09130i2015 1.147,295 1,147,295 100.99 1,147,295 N'A 1 0.62% Southside Bank 0.68% 1210612016 1,252.096 1,252,096 100.00 1,252.096 06/0612017 67 0.68% Sub Total 1 Average 0.66X 2 399 391 2,399,391 100.00 2 398 391 36 0.66% Fund 863-Drainage Utility Revenue Bond TexPool 0.62% AAAm 10/3112015 I 3.175.911 3,175,911 100.00 3,175911 0.62% L a Texas Bank 0.8510 071061"<016 1,506,509 1,508,509 100.00 1.508,509 07(06/2017 97 0.85% Southside Bank 1.05°a 01/1112017 1 500.000 1 500 000 10400 1 00 000 01/11/2018 286 1.05% Sub Total!Average 0.78% 6,184,420 6,184 420 100.00 6,184,420 94 0.76X Total/Avera a 1.05% $ 314,874,092 $ 315,138 762 100.07 $ 315,107,310 248 0.98X Valley View COnsu;ting,L.L.G. Page 8 Book Value Comparison March 31, 2017 Issuer coupon Settlement Beginning Book Total Buys/ Total Sells! Ending Book Change In Book Rate Oats Maturity Date Value Incroases Decreases Value Yal ie Fund 000-Pooled Investments JPMor an Chase N/A 09/30115 NIA $ 19,312,322 S 231,811 $ 1,218,582 S 18.325,551 $ 986,771 TexPool NIA 09130/15 N/A 25783,443 18,416 21,213,852 4,588,007 21,195,436 TexSTAR NIA 09130!15 N/A 190,084 270 190,354 270 TexasDAILY N/A 09130115 N/A 5,026.615 7 585 - 5 034.200 7,585 NaxBank N/A 11/29/16 N/A 3,857,266 5 016 073 - 8,873 339 5,016,073 Green Bank N/A 06109/16 N/A 7.019,874 7,647 5,000,000 2,027,521 4.992,353 Anderson ISD 1.10% 03/10115 01105117 500,017 - 500,000 500.017 FHLMC 0.50% 01/29115 01/27117 4.499,633 - 4,500.000 - 4,499,633 Mahtomedi MN 0.00% 03/03!15 02/01/17 534 722 535,000534 722 FHLB 0.72% 02/17/15 02/13/17 4,999970 - 5,000,000 - 4,994970 McKinneyISD TX 2.00% 04/07115 02/15117 2.293:908 - 2,290,D00 2,293 906 Union State Bank 0.60% 02/25/16 02/23/17 5,000,000 - 5000 000 _ (5,000()00 Treasury 0.88% 02/27/14 02/28117 5,501,363 5.500,000 5,501,363 FHLB 0.75% 03130/15 03/24/17 6,000.570 - 6,D00.000 6.000 570 FFCB 0.70% 04/06/15 04/D6/il 5,999,716 5.999,982 266 FFCB 0.65% 09/08/15 05/01/17 1,999,674 - 1,999916 243 Tulsa County OK 2.00% 05/28/15 05101/17 3,179,024 - 3.168,593 10431 Union State Bank 0.60% 05!12/16 05/11/17 2,000000 P000000 _ FHLB 0.75% 09/08/15 06/15/17 5.000,452 5,000,207 245 FFCB 0.68% 09/08115 07/03/17 4,498 252 - 4,999,107 855 FHLMC 0.75% 01107/16 07/14/17 4.993,750 - 4,996.635 2885 Southside Bank 0.85% 01/25/16 07/25117 5,031,972 10,781 5,042 753 10,781 Umon State Bank 0.85% 08/11116 08/10/17 5,000,000 - 5,000,000 Arlington TX 2.50% 28115/17 08/15/17 3,030 576 3,018 453 12.123 FNMA 0.88% 02/17!15 08/28/17 5,000,031 5.000,020 12 FHLB 0.90% 09/08115 09/28/17 5,003 302 - 5,002,205 1 097 Inde endent Bank 0.95% 03/30/16 09/30/17 10.071.746 23,593 10.095.339 23 593 TX Pub Fin Auth-Txbl 0.94% 02108/17 10/01/17 - 5,001,250 5,000,979 5,000.979 Southside Bank 0.97% 12/08115 10/01/17 5,048,811 12.076 5.060,686 12 076 Southside Bank 1.00% 12/08/15 11/01/17 5,050,326 12.453 - 5,062 779 12 453 Le ac Texas Bank 0.92% 08/29/16 11/29/17 5 015 393 11 386 5,026.779 11 386 Souths de Bank 1,03% 12/08/15 12101117 5,051,841 12,830 5,064 672 12,830 Southside Bank 1.12% 01106116 01108118 7563234 21.351 7.584,586 21 351 Southside Bank 1.00% 01/25/16 01/25/18 5037.628 12,698 5.050,326 12.698 Arington TX ISD 0.00% 07126116 02115118 494.312 495,557 Lubbock TX 4.44% 02/14/17 02/15110 - 1 097 852 - 246 1,070,593 1.0?1246 Union State Bank 1.201. 02/23/17 1 02/22/18 - 5 000 000 5 0MG00 5 000 000 Inde endent Bank 1.00% 02/25116 02/25/18 13.097.565 32 622 13 130.187 32 622 Le ac Texas Bank 1.05% 06/20/16 03120,118 5 026 380 13.025 5039,404 13 025 Le ac Texas Bank 1.00% 07/06/16 04/06/18 4.518,895 11,152 4,530 046 11.152 R Bank 1.50% 05/13116 05114118 7556,926 28,625 7 585 551 28 625 Texas A&M University System 1,54% 10128!15 05/15/18 3,596,276 - 3.591,546 (4 730) Le ac Texas Bank 1.10% 06,03/16 06104/18 5,027,639 13,649 5041,288 13649 Le ac Texas Bank 1.10% 06!20/16 06120/18 5027639 13,649 5,041,288 13,649 Le ac Texas Bank 1,05% 07106/16 07106118 -4519841 11 712 4.531,553 11 712 Lo ac Texas Bank 1,02% 08129116 08129/18 10034,137 25258 10,059,394 25.258 Green Bank 1.02% 09113116 09/13/18 5,012,715 12,607 - 5:025,322 12,607 Wallis State Bank 1.28% 01/27/17 10/29/18 - 4500 000 4,500,000 4,500 000 DFW Air ort-Txable Ref 3.12% 03/24/17 11101(18 - 5.189,717 - 5,126.227 5126,227 Wallis State Bank 1.30% 02J16/17 11/15118 - 5,000.000 5.000 000 5 000 000 Southside Bank 1.15% 12/06116 12/06/18 5.000.000 14,178 5,014178 14178 Lubbock National Bank 1.45% 01/11/17 01/11/19 - 10 023 452 10,023,452 10.023 452 Tomball ex CO's 5.00% 12120/16 02/15/19 833,123 - 826,382 6.741 Le ac Texas Bank 1.40% 02117/17 02/14/19 - 9,510,203 9,510,203 9,510103 Corpus Chnsti-Ref 1.81% 03/14/16 03/01!14 2270,617 - 2,268.268 2 349 Lubbock National Bank 1.45% 03/01/17 03/01/19 - 5,506.773 5,506,773 5,506:773 Valley View Consulting,L.L.C. Page 9 Book Value Comparison March 31, 2017 Issuer Coupon Settlement Maturity Date Beginning Book Total Buys/ Total Sails/ Ending Book Change In Book y Rate Data Value Increases Decreases Value Value Union State Bank 0.99% 12!05116 12/05/19 245 000 245,000 Sub Total/Average Fund 000-Pooled Investments 256,866,680 56,404,692 56,757,434 266,375,402 481,178 Fund 170-Interest&Sinking GO Bonds TexPool N/A 09/30115 N/A 3,328.944 1,883 3,239,948 90,874 3,238,065 TexasDAILY N/A 04130!16 NIA 574 982 9 40B 064 953,165 9,029,880 8,454.899 Nex8ank NIA 02/27/17 NA - 5,007,295 - 5,007,295 5,007,295 Sub TotallAvera a Fund 170-Interest&Sinking GO Bonds 3,903,925 14,417,242 4,193,114 14,128,054 10,224,129 Fund 210-interest&Sinking Debt Service JPMor an Chase N/A 09/30/15 N A 5,804 233.280 250 238.834 233.030 Southside Bank 0.68% 12/06116 1 06/06117 1,250.000 2096 - 1,252,096 1 2,096 Sub Total/Average Fund 210-Interest&Sinking Debt Service 1,255,804 235,376 250 1.490,9301 235,126 Fund 460-Bond Fund TexPool NIA 09i30/15 N/A 2088. 3.424.067 3426155 3,424,067 NexBank N/A 11/29116 NIA 6.149,989 13,995 6.163 964 13,995 Treasury 0.50/ 07;14115 03/31/17 6,999,292 - 7,000,000 - 6,999,292 Southside Bank 0,78% 04/01/16 04/03/17 4.015 658 7,895 4,023 553 7,895 R Bank 1.0111/1 01105/16 06130117 7 052 745 17,799 - 7,070,544 17,799 Green Bank O.84% 09/15/16 09/15117 7,014,660 14,529 7,029,189 14 529 Sub Total/Avera o Fund 460-Bond Fund 31,234,433 3,478,284 7,000.000 27,713,424 3,521,008 Fund 461-CO Bond Fund Green Bank N/A 08/31/16 NA 694 < 696 694 Southside Bank 0.78% 04/01/16 04/03/17 6023,487 1 11 842 1 - 1 6,035,3291 11.842 Sub Total/Average Fund 461-CO Bond Fund 6,024182 1 11,844 696 1 6,036,329 11 148 Fund 591-Reserves Fund TexPool N/A 09/30115 NA 8,265 12 8 277 12 Green Bank I N/A 06109116 NiA 802 561 973 1 803 535 973 Sub Total/Average Fund 591-Reserves Fund 810,626 985 811,811 985 Fund 602-Interest&Sinking Revenue Bonds TexPool NIA09/30/15 N/A 3008.626 3,993 1.865.324 1147295 1,861,331 Southside Bank 068°h 12/06/16 06706!17 1,250,000 2,096 - 1,252096 2.096 Sub TotallAvera a Fund 602-Interest&Sinking Revenue Bonds 4,258,626 6,089 1,865,324 2,399,391 1,659,235 Fund 863-Drainage Utility Revenue Bond TexPool N/A 10/31/15 N/A 3,217,264 15 932 57.285 3 175 911 41 353 Le ac Texas 0.80% 01/07/16 01/06/17 1,511,020 - 1.511 020 - 1,511 020 Le ac Texas Bank 0.85% 07106/16 07106/17 1,505.352 3 157 1 508509 3 157 Southsde Bank 1 05% 01111;17 01'11118 - 1500 000 - 1,500,000 1 500 000 Sub TotallAvera a Fund 863-Drainage UtilityRevenue Bond 6,233 637 1,519,089 1 568,305 6,184,420 49,216 Total I Average $ 310,578,013 $ 76 073,601 $ 71,385,123 $ 315,138,762 $ 4,560,749 Page 10. Valley View Consulting,L.L.C. Market Value Comparison March 31, 2017 Issuer Coupon Settlement Beginning Market Total Buys/ Total S.11.1 Ending Market Change In Market Rata Dam Maturity Date Value Increases Decreases Valus Value Fund 000-Pooled Investments JPMar an Chase NIA 09130115 NIA $ 19.312,322 $ 231,811 $ 1.218,562 $ 18,325,551 $ TexPool N/A 09/30/15 NIA 25.783 443 18,416 21,213,852 4.588 007 TexSTAR N/A 09/30/15 N/A 190,084 270 190,354 TexasDAILY N/A 09/30/15 N/A 5,026 615 7.585 5,034,200 NexBank NIA 11/29/16 N/A 3,857,266 5,016.073 - 8,873,339 Green Bank NIA 06409116 N/A 7,019,874 7,647 5.000,000 2,027,521 Anderson ISD 1.10% 03110/15 01105117 500,000 500,000 _ FHLMC 0,50% 01/29/15 01/27117 4.499,608 - 4,500,000 392 MahtomediMN 0.00% 03/03/15 02/01/17 534.583 535.000 417 FHLB 0.72% 02/17/15 1 02/13117 4,999,600 - 5,000,000 - 400 McKinney ISD TX 2.00°% 04107/15 1 02/15/17 2.293,412 - 2,290,000 - (3,412)1 Union State Bank 0.60% 02/25/16 02/23/17 5,000,000 5 000 000 _ Treasury 0.88% 02/27/14 02128/17 5.502,417 - 5,500,000 2,417) FHLB 0.75% 03130/15 03/24117 5,999,309 - 6,000,000 691 FFCB 0.70% 04106/15 04/06/17 5;999,639 - 5,999.685 46 FFCB 0.65% 09/08115 05101/17 1,999,272 - 1,999,483 211 Tulsa County OK 2.00% 05/28/15 05/01117 3.175,350 - 3.168,228 7,121 Umon State Bank 0.60% 05/12/16 05/11/17 2.000,000 2 600 DDO _ FHLB 0.751,1, 09!08115 06/15117 4.998.968 - 4.997,322 1,646 FFCB 0.68% 09(08/15 07/03117 4.996,318 4,997,280 962 FHLMC 0.75% 01107/16 07/14/17 4 998,044 - 4,998,344 301 SouthsWe Bank 0.85% 01/25/16 1 07/25417 5.031,972 10,781 5,042,753 Union State Bank 0.85% 08/11/16 08/10/17 5,000,000 - 5.000.000 Arlan tan TX 2.50% 06!17/15 08/15/17 3.029,310 - 3 019.500 9 810 FNMA 0.88% 02/17/15 08/28/17 4 998 766 - 4,998,535 232 FHLB G.90% 09/08/15 09/28/17 4,999,011 - 4,996,673 2,339 Inde endent Bank 0.95% 03/30/16 09130/17 10.071 746 23 593 10,095,339 TX Pub Fin Auth-Txbl 0.94% 02/08/17 10/01117 - 5 001 250 - 4,998,700 2,550 Southside Bank 0.97% 12/08115 10;01/17 1 5048811 12 076 5,060 886 SouthsWe Bank 1.00% 12/06115 11/01,17 5,050 326 12,453 5,062,779 Le ac Texas Bank 0.92% 08/29116 1129117 5 015.393 11 386 5026.779 Southside Bank 1.03% 12108/15 12101!17 5051,841 12 830 5064 672 Southside Bank 1.12% 01/06/16 01!08;16 7.563,234 21,351 7584,586 Southside Bank 1.00% 01/25/16 01/25/18 5.037,628 12,698 5,050,32 Arlington TX ISD 0.00% 07/26/16 02/15/18 4916 .640 - 493.936 2.290 Lubbock TX 4.44% 02/14/17 02/15/18 - 1,097852 - 1069,130 5.751 Union State Bank 1.20% 02/23/17 02x22/18 5 000 000 5000000 Inde endent Bank 1.00% 02125/16 02/25118 13,097 565 32.622 13.130.187 Le ac Texas Bank 7.05% 06/20/16 03120/18 5.026 380 13 025 5 039 404 Le ac Texas Bank 1.00% 07/06/16 04/06/18 4,518 895 11 152 4530.046 R Bank 1.50% 05/13/16 05114/18 7.556.926 28,625 - 7 585 551 Texas AW University System 1.54% 10128/15 05!15!16 3,579,532 - 3.587.029 7,497 Le ac Texas Bank 1.10% 06/03/16 06/04/18 5,027 639 13 649 5041.288 Le ac Texas Bank 1.10% 06120/16 06/20118 5,027.639 13 649 5,041,288 LeacTexasBank 1.05% 07!06/16 07106,18 4,519.841 11,712 4.531,553 Lea Texas Bank 1.02% 08129/16 08/29118 10,034,137 25,258 - 10,059,394 Green Bank 1,02% 09/13/16 09/13/18 5,012,715 12,607 5,025 322 Wallis State Bank 1.28% 01/27/17 10/29/18 - 4,500,000 - 4500,000 DFW Air ort-7xable Ret 3.12% 03/24/17 11/01/18 - 5,189,717 - 5124600 3,150 Wallis State Bank 1.30% 02116!17 11/15/18 - 5 000.000 5.000.000 Southside Bank 1.15°;% 12/06/16 12/06118 5 000.000 14.176 - 5 014 178 Lubbock National Bank 1.45% 01111/17 01,111119 - 10.023,452 10023.452 Tomball TX CO's 5.00% 12120/16 02/15/19 831.684 - 829 762 1.922 Lea Texas Bank 1.40% 02/17/17 02119/19 - 9,510,203 9 5TD—,2 03 Cor us Christi-Ref 1.81°'0 03/14116 03/01/19 2,250.405 22150114,613 Lubbock National Bank 1.45% 03101/17 03101/19 - 5,506,773 5506'775 506.773 Valley View Consulting,L.L.C. Page 11 Market Value Comparison March 31, 2017 Coupon Settlement Beginning Market Total Buys/ Total Sails/ Ending Market Change In Market Issuer Rate Date Maturity Date Value Increases Decreases Value Value Union State Bank 0.9946 12/05/16 12/05/19 245,000 245 000 Sub Total/Average Fund 000-Pooled Investments 256,804,159 56,404,692 96J57,434 266,343 960 22,531 Fund 170-Interest&Sinking GO Bonds TexPool N/A—[- 0913015 N/A 3,328,944 1 1.883 1 3,239,948 1 90 879 TexasDAILV N/A 04/30116 N/A 574,982 9.408,064 953.165 9 029 880 NexBank N/A 02127/17 N/A 5,007,295 5,007.295 Sub Total/Average Fund 170-Interest&Sinking GO Bands 3,903,925 14,417,242 4,193.1141 14,128,054 Fund 210-interest&Sinking Debt Service JPMor an Chase N!A 09/30/15 NIA 5 604 233 280 250 238 834 Southside Bank 1 0.68% 12/06/16 06106/17 1,250 000 1 2,096 1,252,096 Sub Total/Average Fund 210-Interest&Sinking Debt Service 1,255,804 1 235,376 260 1,490,930 Fund 460-Bond Fund TexPool NIA 09130/15 NIA 2,086 3.424,067 3,426 155 NexBank NIA 11/29/16 NIA 6,149,989 13,995 6,163 984 Treasury 0.504 07/14/15 03131/17 6,998,633 7.000 000 1,367 Southside Bank 0.78% 04/01/16 04/03/17 4,015,658 7,895 4023.553 R Bank 1.01°. 01105/16 06/30/17 7,052.745 17,799 7 070 544 Green Bank 0.84 V. 09/15/16 09/15/17 7,014,660 14,529 7029189 Sub Total/Average Fund 460-Bond Fund 31,233 773 3,478,284 7,000 000 27,713 424 1,367 Fund 461-CO Bond Fund Green Bank NA 0a13116 NA 694 1 696 Southside Bank 0.7846 04/01 A6 04/03/17 6,023,4871 11.842 6 035 329 Sub Total/Average Fund 461-CO Bond Fund 6,024,182 11,844 1 696 6,036,3291 Fund 591-Reserves Fund TexPool NA 09130/15 NA 8.265 12 8277 Green Bank I NA 06109116 1 N/A 802 561 973 803,535 Sub Total/Average Fund 581-Reserves Fund 810,826 985 811,811 Fund 602-Interest S Sinking Revenue Bonds TexPool NIA 09/30/15 N/A 3,008,626 3,993 1 1865324 1,147,295 Southside Bank 0.68% 12/06/16 06/06/17 1.250 000 2,096 1,252.096 Sub TotallAvera a Fund 602-Interest&Sinking Revenue Bonds 4,258,626 6,089 1 1,865,324 2,399 391 Fund 863-Drainage Utility Revenue Bond TexPool N/A 10/31/15 NIA 3,217.254 15,932 57.285 3 175.911 Lea Texas 0.80% 01/07116 01/06/17 1,511,020 1.511 020 Leoac Texas Bank 0.8546 07105/16 07/06/17 1.505.352 3.157 1 508 509 SouthsldeBank 1.05% 01/11/17 01/1118 1,500,000 1,500,000 Sub Total/Average Fund 863-Drainage Utility Revenue Bond 6,233,637 1,519,089 1,568,305 6,184,420 Total/Avera e S 310,524,932 $ 76,073,601 $ 71,385,123 $ 315,107,310 S 21,164 Page 12. Valley View Consulting,L.L.C. Holdings by Allocation and Portfolio (Fund) December 31, 2016 Coupon Settlement Face Amount/ Market Days to YTM @ Issuer RateFc redit ttatl Date Shares Book Value Price Market Value Maturity Data Maturity Book Fund 000-Pooled Investments NexBank 0.70% 11129!16 $ 3.857,266 $ l25783,443 OD.OD $ 3,857,266 N/A 1 0.70% Green Bank 0.75% 06109116 7,019.874 100.00 7,019.874 N/A 1 0.75% JPMor an Chase 0.35% 09/30/15 19,312 322 100.00 19,312,322 N/A 1 0.35% TexSTAR 0.48% AAAm 09/30/15 190.084 100.00 190,084 N/A 1 0.48% Tex Pool 0.45% AAAm 091=0115 25,783,443 100.00 25,783,443 NIA 1 0.46% TexasDAILY 0.50% AAAm 09/30/15 5.026,615 100.00 5,026,615 NIA 1 0.50% Anderson ISD 1.10% -/AA+/- 03/10115 500,000 100.00 500,000 01105/17 5 0.85% FHLMC 0.50% 01/29/15 4.500,000 4.499,633 99.99 4,499608 01/27/17 27 0.611/6 Mahtomedi MN 0.00% Aa21AA-1- 03/03/15 535.000 534.722 99.92 534,583 02/01117 32 0.60% FHLB 0.72% Aaa/AA+/AAA 02/17115 5,000,000 4 999 970 99.99 4999,600 02113117 441 0.73% McKinney ISD TX 2 00% Aaa/Aa2/- 04107115 2,290.000 2.293 908 100.15 2 293,412 02/15/17 46 0 63% Union State Bank 0.60% 02/25/16 5,000,000 5000,000 100.00 5.000,000 02/23/17 54 0.60% Treasury 088% Aaa/AA+/AAA 02/27/14 5.500,000 5.501.363 100.04 5.502.417 02/28/17 59 072% FHLB 0.75% AaatAA+/AAA 03130115 6.000 000 6,000 570 99.99 5,999,309 03/24117 83 0.71% FFCB 0.70% Aaa/AA+/AAA 04106115 6,000,000 5999,716 99.99 5.999,639 04,'06117 96 0.72% FFCB 0.65% Aaa/AA+/AAA 09/08/15 2,000,G 0 1,999,674 99.96 1,999,272 05/01/17 121 0.70% Tulsa County OK 2.00% -/AA-/- 05/28/15 3,165 000 3,179,024 100.33 3,175 350 05/01117 121 0.65% Union State Bank 0.60% 05/12/16 2.000,000 2 000.000 100.00 2000.000 05/11/17 131 0.60% FHLB 0.75% Aaa/AA+/AAA 09/08/15 5 000 000 5.000452 99.98 4 998.968 06115/17 166 0.73% FFCB 0.68% AaalAA+/AAA 09/08/15 5000,000 4.998.252 99.93 4,996,318 07/03/17 184 0.75% FHLMC 0.75% Aaa/AA+/AAA 01107116 5000,000 4 993 750 99.96 4998.044 0714/17 195 0.99% Southside Bank 0.85% 01/25/16 5.031.972 5,031.972 100.00 5,031,972 07125/17 206 0.85% Union State Bank 0.85% 08111116 5 000,000 5 000 000 100.00 5,000,000 08!10/17 222 0.85% Adin ton TX 2.50% Aal/AAA/AAA 06/17115 3,000,000 3,030,576 100.98 3,029,310 08!15117 227 0.84% FNMA 0.881/. Aaa/AA+/AAA 0211715 5,000000 5 000,031 99.98 4,998,766 08/28117 240 0.87% FHLB 0.90% AaWAA+/AAA 09/08115 5 000 DDC 5 OD3 302 99.98 4,999,011 09/28/17 271 0.81% Inde endentBank 0.95% 03/30:16 10,071,746 10071746 100.00 10071746 09/30117 273 0.95% Southside Bank 0.97% 12/08/15 5,048,811 5048.811 100.00 5048811 10/01117 274 0.97% Southside Bank 1.00% 12/08/15 5,050 326 5 050.326 100.00 5,050,326 11101117 305 1A0% Le ac Texas Bank 0.92% 08129116 5,015,393 5,015,393 100.00 5,015 393 11/29/17 333 0.92% Southside Bank 1.03% 12/08115 5.051,841 5,051.841 100.00 5.051.841 12!01117 335 1.03% Southside Bank 1.12% 01106/16 7,563,234 7,563,234 100.00 7,563 234 01108/18 373 1,12% Southside Bank 100% 01/25/16 5,037,628 5,037,628 100.00 5,037,628 01/25118 390 1.00% Arlington TX ISD 0.00% Aaa/AAA/- 07/26/16 500,000 494,312 98,33 491,640 02/15/18 411 1.02% Independent Bank 1.00% 02/25/16 13 097,565 13 097 565 100.00 13,097,565 02/25/18 421 1.00% Le ac Texas Bank 1.05% 06/20/16 5,026 380 5026,380 100.00 5,026 380 03120118 444 1.05% Le ac Texas Bank 1.00 A 07/06116 4 518 895 4.518,895 100.00 4 518,895 04/06/18 461 1.00% R Bank 1,50% 05/13/16 7,556..926 7,556,926 1 100.00 7,556,926 05/14118 499 1.50% Texas ABM Univetsay System 1.54% Aaa/AAAIAAA 10/28/15 3570,000 3 596276 100.27 3.579,532 05/15/18 500 0.99% L a Texas Bank 1.10% 06/03/16 5,027.639 5 027:639 100.00 5,027,639 06/04118 520 1.10% Le ac Texas Bank 1,10°5 06/20/16 5,027 639 5027639 100.00 5,027,639 06/20/18 536 1.10% L ac Texas Bank 1,05% 07/06/16 4,519,841 4 519,841 100.00 4,519 841 07/06/18 552 1.05% Le ac Texas Bank 1.02% 08129/16 10 034,137 10,034,137 100.00 10.034,137 08/29118 606 1.02% Green Bank 1.02% 09/13/16 5,012,715 5.012,715 100.00 5012,715 09/13/18 621 1.02% Southside Bank 1.15% 12/06/16 5.000,000 5,000;000 100.00 5.000.000 12/06/18 705 1.15% Tomball TX CO's 5.00% Aa3lAA+/- 12/20/16 775 000 833,123 107.31 831.684 02/15119 776 1.40% Corpus Chnsti-Ret 1.81°,o Aa2/AA/AA 03/14/16 2.250 000 2 270 617 100.02 2,25o.4o5 03/01119 790 1.37% Union State Bank 0.99% 12/05/16 245 000 245.000 100.00 245 000 12/05!19 1,069 0.99% Sub Total/Avera a 0.89% 256,712,292 256,856,680 100.04 256,804,169 1 2481 0.83% Page 13 Valley View Consulting,L.L.C. Holdings by Allocation and Portfolio (Fund) December 31, 2016 Issuer Coupon Settlement Face Amount/ Market Days to YTM @ Rate Credit Rating Date Shares Book Value Price Market Yalua Maturity Date Maturity Book Fund 170-Interest 6 Sinking GO Bonds TexasDAILY 0.50% AAAm 04/30/16 574,982 574,982 1 100.00 1 574,982 1 N/A 1 0.50% TexPool 0.46% AAArn 1 09/30/15 3,328 944 3.328,944 1 100.00 1 3,328.944 1 WA 1 11 0.46% Sub Total 1 Average 0.46% 3,903,9261 3,903,926 100.00 1 3,903,925 11 0.46% Fund 210-Interest&Sinking Debt Service JPMor an Chase 1 035% 09130/15 5,804 5,804 1 100.00 1 5 804 1 N/A 11 3.35% Sub Total I Average 0.36% 5,804 1 6,8041 100.00 1 6,8041 1 11 0.36% Fund 460-Bond Fund NexBank 0.70% 11/29116 6,149,989 6.149 989 100.00 6,149,989 WA 1 0.70% TexPoal 0.46% AAAm 09/30/15 2088 2088. 100.00 2088 N/A 1 0.46% Treasury 0.50% Aaa/AA+/AAA 07/14/15 7,000,000 6.999,292 99.98 61998,633 03/31117 90 0.54% Southside Bank 0.711% 04/01/16 4 015 658 4,015.658 100.00 4015658 0003117 93 0.78% R Bank 1.01% 01/05/16 7 052 745 7,052,745 100.00 7,052,745 D6130/17 181 1.01% Green Bank 0.84% 09115116 7,014 660 7,014,660 100.00 7.014,660 09/15/17 258 0.84 Sub Total/Average 0.77% 31,236,140 31 234,433 100.00 31,233,773 131 0.78% Fund 461-CO Bond Fund Green Bank 0.75% 08/3116 1 694 694 100.00 1 694 1 WA 11 0.75% Southside Bank 0.78% 04/OP16 1 6023487 1 6.023,487 1 100.00 1 6023,487 1 04103/17 1 931 0.78% Sub Total/Average 0.78% 1 6,024,182 6,024,182 100.00 6,024,182 1 931 0.78% Fund 591-Reserves Fund Green Bank 0.75% 06/09/16 1 802 561 802,561 100.00 802,561 WA1 0.75% TexPoal 0.46% AAAm D9I3D:?5 8,265 8,265 100.00 8,265 NIA 1 0.46% Sub Total/Average 0.75% 1 810,828 810,826 100.00 810,826 11 0.75% Fund 602-Interest&Sinking Revenue Bonds TexPooi 0,46% AAAm 09130115 3008,626 3,008.626 100.00 1 3.008,626 WA 1 0.46% Southside Bank 0.68% 12/06116 2.500,000 2 500 000 100.00 2.500,000 1 06/06/17 1571 0.68% Sub Total 1 Average 0.56% 5,608,626 5,508,626 100.00 5,508,626 1 1 721 0.56% Fund 863-Drainage Utility Revenue Bond TeXPool 0.46% AAAm 10131115 1 3217,264 1 3.217,264 10400 I 3.217,264 WA 1 0.46% Le ac Texas 0,80% 01107,16 1,511 020 1 511 020 100.00 1,511 020 01/06/17 6 0.80% Le ac Texas Bank 0.85% 07106/16 1,505,352 1.505.352 10000 1,505,352 07106/17 1870.85% Sub Total/Average 0.WA 6,233,637 6,233,637 100.00 6,233,637 47 0.64X Total/Average 0.86% S 310,434,432 $ 310,678,013 100.031$ 310 624 932 223 0.81 X Page 14. Valley View Consulting,L.L.C.