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Home My WebLink AboutAudit Committee Agenda Packet - November 17, 2015City of Colleyville Page 1 City of Colleyville Audit Committee Agenda City Hall 100 Main Street Colleyville, Texas 76034 817.503.1000 www.colleyville.com Tuesday, November 17, 2015 5:00 p.m. City Manager’s Conference Room Third Floor – City Hall 1. CALL TO ORDER 2. REGULAR AGENDA ITEMS 2a Presentation of the Quarterly Investment Report for the quarter ended September 30, 2015 3. ADJOURNMENT I hereby certify this agenda was posted on City Hall bulletin boards Friday, November 13, 2015 by 5:00 p.m. Amy Shelley, TRMC City Secretary A quorum of the Colleyville City Council and/or any other Colleyville Board, Commission, or Committee may be in attendance at this meeting. Any matter on this agenda may, at the discretion of the governing body, be opened for public comment and discussion. If you plan to attend this public meeting and have a disability that requires special accommodations, please advise Executive Secretary at least 48 hours in advance at 817.503.1111, and reasonable accommodations will be made to assist you. City of Colleyville Page 1 City of Colleyville Audit Committee Agenda Briefing City Hall 100 Main Street Colleyville, Texas 76034 www.colleyville.com Agenda Number 2a Agenda Date 11/17/2015 Number Type Presentation Department City Manager Title Presentation of the Quarterly Investment Report for the quarter ended September 30, 2015 Strategy Map Connection F4- Adhere to the City’s financial and budgetary policies Explanation During the period of July 1, 2015 through September 30, 2015, the City of Colleyville had an average of $49,081,651 invested on a daily basis, which earned $41,097, with an average yield of 0.33%. The average yield on investments for this quarter is 0.03% higher than the prior quarter's average of 0.30%. As of September 30, 2015, the City had $50,201,653 invested in the LOGIC Investment Pool, CDARS Certificates of Deposit and various debt instruments in the following percentages: Logic 47.51% FFCB Notes 19.62% FHLB Notes 21.21% CDARS CD's 9.07% Treasury Note 2.59% These percentages are within the guidelines for portfolio diversification in the City's investment policy. The market value of the City's investments on September 30, 2015 was $21,826,185 as compared to a purchase price of $21,833,501 (this excludes LOGIC Investment Pool and CDARS Certificates of Deposit). The Colleyville Economic Development Corporation currently holds a Treasury Note ($500,000) with a market value of $500,189 and a purchase price of $500,395. Additionally, $999,117 was invested in the Corporation's name in the LOGIC Investment Pool. These funds earned interest of $585 for the quarter. Attachments 1.Quarterly Investment Report for the quarter ended September 30, 2015 QUARTERLY INVESTMENT REPORT FOR QUARTER ENDING SEPTEMBER 30, 2015 THIS REPORT IS IN COMPLIANCE WITH THE PUBLIC FUNDS INVESTMENT ACT AND ADOPTED INVESTMENT POLICY STRATEGY OUTSTANDING INVESTMENTS AT SEPTEMBER 30, 2015 FFCB NOTE FFCB NOTE FFCB NOTE FFCB NOTE FHLB NOTE FFCB NOTE FFCB NOTE FFCB NOTE FHLB NOTE FFCB NOTE FHLB NOTE FHLB NOTE FHLB NOTE TREASURY NOTE FHLB NOTE FHLB NOTE FHLB NOTE FHLB NOTE FFCB NOTE FHLB NOTE FFCB NOTE TOTAL OUTSTANDING INVESTMENTS PURCHASE PRICE $1 ,400,000 $500,478 $1 ,000,000 $1 ,199,280 $1 ,222 ,800 $750,285 $999 ,600 $1 ,004 ,070 $1 ,198,200 $999,500 $1 ,000,590 $1 ,201 ,546 $1 ,301 ,014 $1 ,301 ,219 $1,000 ,000 $1 ,003,800 $999 ,500 $750.000 $1 ,001 ,230 $1 ,000,390 $1,000,000 $21 ,833 ,501 CITY OF COLLEYVILLE BALANCES AT SEPTEMBER 30 , 2015 INVESTMENT PURCHASES CDAR'S CERTIFICATES OF DEPOSIT LOGIC INVESTMENT POOL TOTAL CITY INVESTMENTS HELD AT SEPTEMBER 30, 2015 PAR VALUE $1,400 ,000 $500,000 $1,000,000 $1 ,200,000 $1 ,200,000 $750,000 $1 ,000,000 $1 ,000,000 $1 ,200.000 $1 ,000,000 $1 ,000 ,000 $1,200 ,000 $1,300,000 $1,300,000 $1,000,000 $1 ,000.000 $1 ,000 ,000 $750 ,000 $1 ,000 ,000 $1,000,000 $1,000,000 $21 ,800,000 MARKET VALUE @ 9130115 $1,400 ,288 $500,103 $1 ,000,160 $1 ,200,012 $1 ,203 ,000 $750 ,320 $999 ,793 $1 ,002,328 $1 ,199,980 $1 ,000,036 $1 ,000,491 $1 ,201,771 $1 ,302 ,313 $1 ,302 ,742 $1 ,002 ,144 $1 ,004 ,563 $999,593 $751 ,738 $1 ,001 ,879 $1 ,001,485 $1 ,001,447 $21 ,826, 185 $21 ,800 ,000 $4 ,549 ,663 $23 ,851 ,990 $50,201,653 COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION (CEDC) BALANCES AT SEPTEMBER 30 , 2015 INVESTMENT PURCHASES LOGIC INVESTMENT POOL TOTAL CEDC INVESTMENTS HELD AT SEPT 30, 2015 trOTAL INVESTMENTS HELD BY CITY OF COLLEYVILLE !AND COLLEYVILLE ECONOMIC DEVELOPMENT CORPORATION AT SEPTEMBER 30 , 2015 $500,000 $999 ,117 $1,499 ,117 $51 ,700,770 MATURITY YIELD ON DATE INVESTM ENT 111412015 0.350% 111412015 0.300% 11 11312015 0.330% 1112712015 0.250% 12/1112015 0.390% 1211712015 0.268% 412512016 0.400% 51912016 0.375% 611012016 0.450% 81412016 0 .575% 1011712016 0.470% 11 12312016 0.560% 12/1212016 0.660% 12/1512016 0.562% 312312017 0.750% 4n12011 0.950% 5/1212017 0.745% 6/1212017 0.820% 611612017 0.800% 613012015 0.730% 9/1412017 0.780% INTEREST EARNINGS ON CITY OF COLLEYVI L LE INVESTMENTS FOR THE PERIOD OF JULY 1 -SEPTEMBER 30 , 2015 PUR CHASE PAR MATURITY YIELD ON INTEREST PRICE VAL UE DATE INVE ST ME NT EAR NED FFCB NOTE $999 ,850 $1 ,000 ,000 7/13/2015 0.308% $110 FFCB NOTE $1 ,003 ,705 $1 ,000 ,000 9/16/2015 0 .335 % $716 FFCB NOTE $1 ,400 ,000 $1 ,400 ,000 11/4/2015 0 .350% $1 ,235 FFCB NOTE $500,478 $500 ,000 11/4/2015 0.300% $378 FHLB NOTE $1 ,000 ,000 $1 ,000 ,000 11/13/2015 0 .330% $832 FFCB NOTE $1 , 199 ,280 $1 ,200 ,000 11/27/2015 0 .250% $756 FHLB NOTE $1 ,000 ,00 0 $1 ,000 ,000 12/11/2015 0.390% $983 FFCB NOTE $750 ,285 $750 ,000 12/17/2015 0 .268% $507 FFCB NOTE $999 ,600 $1 ,000 ,000 4/25/2016 0 .330 % $832 FFCB NOTE $1 ,004 ,070 $1 ,000 ,000 5/9/2016 0 .375 % $945 FHLB NOTE $1 , 198 ,200 $1 ,200 ,000 6/10/2016 0.450% $1 ,361 FFCB NOTE $999 ,500 $1 ,000 ,000 8/4/2016 0.575% $1,450 FHLB NOTE $1 ,000 ,590 $1 ,000 ,000 10/17/2016 0.470% $1 ,185 FHLB NOTE $1 ,201 ,546 $1 ,200 ,000 11/23/2016 0 .560 % $1 ,694 FHLB NOTE $1 ,301 ,014 $1 ,300 ,000 12/12/2016 0 .660% $2 ,163 TREASURY NOTE $1 ,301 ,219 $1 ,300 ,000 12/15/2016 0.562 % $1 ,842 FHLB NOTE $1 ,000 ,000 $1 ,000 ,000 3/23/2017 0 .750% $1 ,890 FHLB NOTE $1 ,003 ,800 $1 ,000 ,000 4/7/2017 0.950 % $2 ,395 FHLB NOTE $999 ,500 $1 ,000 ,000 5/12/2017 0 .745% $1 ,878 FHLB NOTE $750 ,000 $750 ,000 6/12/2017 0 .820 % $1 ,550 FFCB NOTE $1 ,001 ,230 $1 ,000 ,000 6/16/2015 0 .800 % $1 ,688 FHLB NOTE $100 ,390 $1 ,000 ,000 6/30/2017 0 .73 0% $1 ,720 FFCB NOTE $1 ,000 ,000 $1 ,000 ,000 9/14/2017 0.780% $299 TOTAL INTEREST EARNED ON CITY INVESTMENTS HELD JULY 1, 2015 THROUGH SEPTEMBER 30 , 2015 $28 ,407 RECAP OF MARKET VALUES ON CITY OF COLLEYVILLE INVESTMENTS HELD JULY 1 -SEPTEMBER 30, 2015 INVESTMENT PURCHASE MATURITY PURCHASE PAR MARKET LESS PLUS MARKET DATE DATE PRICE VALUE VALUE MATURITY PERIOD VALUE @ 6-30-15 PROCEEDS PURCHASES @ 9-30-15 FFCB NOTE 8113 12013 711312015 $999 ,850 $1 ,000,000 $1 ,000,073 $1 ,001 ,500 NIA $0 FHLB NOTE 111112013 911612015 $1 ,003 ,705 $1 ,000,000 $1 ,000,7 82 $1 ,002 ,500 NIA $0 FFCB NOTE 111112013 11 1412015 $1,400 ,000 $1 ,400 ,000 $1 ,400 ,829 NIA NI A $1,400 ,288 FFCB NOTE 121312013 11 1412015 $500,478 $500,000 $500,296 NI A NIA $500 ,103 FHLB NOTE 11312014 1211112015 $1 ,222 ,800 $1 ,200 ,000 $1,206 ,208 NIA NIA $1 ,203 ,000 FFCB NOTE 312712014 1111312 015 $1,000 ,000 $1 ,000 ,000 $1 ,000 ,673 NIA NIA $1 ,000 ,160 FFCB NOTE 412512014 412512 016 $1 ,000,000 $1 ,000,000 $999,632 NI A NIA $999 ,793 FFCB NOTE 512712 014 11 12712015 $1 ,199 ,280 $1 ,200,000 $1 ,200 ,014 NI A NI A $1 ,200,012 FHLB NOTE 6112/2014 611012016 $1 , 198 ,200 $1 ,200 ,000 $1 ,200, 102 NI A NI A $1 ,199 ,980 FFCB NOTE 81412014 81412016 $999 ,500 $1 ,000 ,000 $1 ,000,038 NI A NIA $1 ,000,036 FFCB NOTE 101612014 1211712015 $750 ,2 85 $750 ,000 $750 ,300 NI A NIA $750,320 FHLB NOTE 1012212014 1011712016 $1 ,000 ,590 $1 ,000 ,000 $1 ,000 ,162 NI A NI A $1 ,000,491 FFCB NOTE 11 11412 014 51912016 $1 ,004 ,070 $1 ,000,000 $1 ,002 ,303 NI A NI A $1 ,002 ,328 FHLB NOTE 1112412014 11 12312016 $1,201,546 $1,200,000 $1,200,727 NI A NIA $1 ,201 ,77 1 FHLB NOTE 12/1812014 1211212016 $1 ,301 ,014 $1 ,300 ,000 $1 ,301 ,912 NI A NIA $1 ,302 ,313 FHLB NOTE 312312015 31231201 7 $1 ,000 ,000 $1 ,000,000 $1 ,000,830 NI A NIA $1 ,002 ,144 FHLB NOTE 511212015 511212017 $999 ,500 $1 ,000 ,000 $997 ,742 NI A $1 ,000,000 $999,593 TREASURY NOTE 611 512015 12/1512016 $1 ,301 ,219 $1 ,300,000 $1,302 ,640 NI A $1 ,300,000 $1 ,302 ,7 42 FHLB NOTE 611912015 611212017 $750 ,000 $750 ,000 $750,516 NI A $750,000 $751 ,738 FHLB NOTE 612412015 417/2017 $1 ,003 ,800 $1 ,000 ,000 $1 ,003 ,518 NIA $1 ,000,000 $1 ,004 ,563 FFCB NOTE 711 512 015 611612017 $1 ,001 ,2 30 $1 ,000 ,000 NI A NI A $1 ,000,000 $1 ,001 ,879 FHLB NOTE 71612015 613012017 $1 ,000 ,390 $1 ,000,000 NI A NI A $1 ,000,000 $1 ,001 ,485 FFCB NOTE 911612015 9/14120 17 $1 ,000 ,000 $1 ,000,000 N/A NI A $1 ,000 ,000 $1 ,001 ,447 TOTALS $20,819,298 $2 ,004 ,000 $7 ,050 ,000 $21 ,826 , 185 LISTING OF INVESTMENTS BY GENERAL LEDGER ACCOUNT NUMBER OUTSTANDING INVESTMENTS AT 9-30-15 INVESTMENT- ACCOUNT ALLOCATION OF INVESTMENT G/L TOTAL 001 -11 72 GENERAL FUND OPERA TING $8 165 876 90 002-1166 UTILITY DEBT SERVICE RESERVE $648,072 .20 002 -1172 UTILITY FUND OPERATING $5,245 ,837 .37 002-1178 CUSTOMER DEPOSITS $443 , 179.96 002-1186 UTILITY LINE RENEWAL $1 ,154,301 .00 002 -1557 THE RESERVE LIFT STATION $62 , 103.77 003-1180 BEDFORD BRIDGE ESCROW $35 ,907 .83 003-1188 TOWN CENTER/HWY26 $36 ,326 .67 003 -1192 MCDONWELL WOODS EST ESCROW $10 ,996 .31 003-1200 LONGWOOD-PARKING ESCROW $13 ,380.01 003-1204 BEDFORD LAKES/SOMERSET $227 ,978.36 003-1228 PLEASANT RUN HARDAGE ESTATES/ESC $0.00 003-1229 GLADE RD SUMMERBROOK $56 ,161 .99 003 -1231 LAKEWOOD ESCROW $26 , 103 .65 003 -1236 E. GLADE CRANBROOK ESCROW $117 ,794 .09 003-1237 E . GLADE ASHMORE I ESCROW $51 ,908 .79 003 -1247 GLADE/WAYSIDE ESCROW $42 ,420.01 003 -1250 REATIA PLACE $98 ,462 .36 003-1257 ASHMORE II A GLADE RD ESCROW $27 ,761 .89 003-1268 MILL CREEK/ GLADE ESCROW $30,203 .34 003-1271 ASHMORE 111/ GLADE ESCROW $64 ,045.14 003 -1278 GLADE RD/ASHMORE llB ESCROW $35 ,560.60 003-1301 LAKEWOOD PH IV $77 ,530.57 003-1304 VILLAS DEL MAR $60,324 .37 003-1307 STREET RECONSTRUCTION $247 ,919.86 003-1309 COVENANT CHRISTIAN $140,343.10 003-1319 REMINGTON PARK $27 ,855.96 003-1323 SHALIMAR $69,691 .33 003-1325 PECAN GARDENS $32 ,389 .09 003-1330 REMINGTON PARK $81 ,068.37 003-1340 CASTLETON MANOR $81 ,309 .57 003 -1357 CITGO/LO LOCKETI $56 ,809 .28 003-1392 CLAIRMONT-PH I $104 ,974 .96 003-1404 TANGLEWOOD $26 ,111 .30 003-1418 CLAIRMONT-PH II $147 ,050.32 003-1429 WARWICK PARC $89 , 131 .60 003-1434 ROCKRIMMON $65,055.06 003 -1486 CHANEL'S COURT $47 ,895.39 003-1563 VILLAS OF COLLEYVILLE $52 ,979.48 005-11 72 VOLUNTARY PARK FUND $599 ,801 .56 011 -1172 LIBRARY DONATIONS FUND $359 ,642 .52 012 -1172 PARK LAND DEDICATION FUND $1,404 ,816 .14 017 -1172 DRAINAGE FUND OPERATING $219,440.95 024 -1172 CEDC OPERATING $499 ,750.00 026-1172 TIF OPERATING $421 ,536.57 032-1519 CAPITAL EQUIPMENT RESERVE $450 ,000 .00 034-1172 COLLEYVILLE TOMORROW $375 ,441 .76 PER GENERAL LEDGER $22 ,333 ,251 .35 MAR KET VALUE $22 ,326 ,373 .85 VALUE AT MATURITY $22 ,300,000.00 INTEREST RECEIVED TO MATURITY $231 ,686.40 OUTSTANDING INVESTMENTS AT 9-30-15 INVESTMENT FFCB NOTE FFCB NOTE FHLB NOTE FFCB NOTE FF CB NOTE DATE ACQUIRED 01 -Nov-13 03-Dec-13 03-Jan-14 27-Ma r-1 4 25-Apr-14 MATURITY DATE 04 -Nov-15 04 -Nov-15 11-Dec-15 13-Nov-15 25-Apr-16 26 WEEK T-BILL AUCTION DISCOUNT/WEEK OF PURCHASE 0.080% 0 .100% 0.070% 0 .060% 0.050% YI ELD TO MATUR ITY 0.350% 0.300% 0 .390% 0 .330% 0.400% ACCOUNT ALLOCATION OF INVESTMENT 001 -1172 GENERAL FUND OPERATING 500,478.00 366,098.61 1,000,000.00 002 -1166 UTILITY DEBT SERVICE RESERVE 648,072 .20 002 -1172 UTILITY FUND OPERATING 300,000.00 176,296.18 2 ,273.67 002 -1178 CUSTOMER DEPOSITS 32 ,333 .01 002 -11 86 UTILITY LINE RENEWAL 002 -1557 THE RESERVE LIFT STATION 62 , 103 .77 003-1180 BEDFORD BRIDG E ESCROW 003-11 88 TOWN CENTER/HWY26 36 ,326 .67 003-1192 MCDONWELL WOODS EST ESCROW 10,996.31 003-12 00 LONGWOOD-PARKING ESCROW 13,380.01 003-12 04 BEDFORD LAKES/SOMERSET 22 7,978 .36 003-1228 PLEASANT RUN HARDAGE ESTATES/ESC 00 3-1 229 GLADE RD SUMMERBROOK 003-1231 LA KEWOOD ESCROW 26, 103 .65 003-1 236 E. GLADE CR A NBROOK ESCROW 117 ,794 .09 003-1237 E. GLADE A SHMORE I ESCROW 003-1247 GLADE/WAYSIDE ESCROW 42,420.01 003-1250 REATIA PLACE 98,462 .36 003-1257 ASHMORE II A GLADE RD ESCROW 003 -1 268 MILL CREEK/ GLADE ESCROW 003-127 1 ASHMORE Ill/ GLADE ESCROW 003-127 8 GLADE RD/ASHMORE llB ESCROW 003-1301 LAKEWOOD PH IV 003-1304 VI LLAS DEL MAR 60,324 .37 003 -1307 STREET RECONSTRUCTION 43 ,849.86 003-1309 COVENANT CHR ISTIAN 003-1319 REM INGTON PARK 003-1323 SHALIMAR 69 ,691 .33 003-1325 PECAN GARDENS 00 3-1330 REMINGTON PA RK 003-1 340 CASTLETON MA NOR 003 -1357 CI TGO/LO LOCKED 56 ,809.28 003-1 392 CLAI RMONT-PH I 104,974.96 003-1404 TANGLEWOOD 26 ,111 .30 003-1 4 18 CLAIRMONT-PH II 003-1429 WARWICK PARC 003-1434 ROCKRIMMON 003-1 486 CHANEL'S COURT 003-1563 VILLAS OF COLLEYVILLE 005-1172 VOLUNTAR Y PARK FUND 200 ,000 .00 011-1172 LI BRARY DONATIONS FUND 012 -1172 PARK LAND DEDICATION FUND 300 ,000 .00 017 -1172 DRA INAGE FUND OPERATIN G 150 ,000 .00 02 4-1172 CEDC OPERATING 026-1172 TI F OPERATING 032-1 5 19 CAP ITAL EQU IPMENT RESERVE 450 ,000.00 034-1172 COLLEYVI LLE TOMORROW PER GENERA L LEDGER $1,400,000.00 $500,478 .00 $1 ,222 ,800.00 $1 ,000,000.00 $999,600 .00 MARK ET VA LUE $1 ,400,288.40 $500 ,103.00 $1 ,203,000.00 $1 ,000, 160.00 $999 ,793 .00 VALU E AT MATURITY $1 ,400,000.00 $500,000 .00 $1 ,200,000.00 $1 ,000 ,000.00 $1 ,000,000.00 INTEREST RE CEIVED TO MATUR ITY $9,840.27 $2 ,880.82 $9 ,073.25 $5,388 .49 $8 ,010.96 OUTSTANDING IN VESTMENTS AT 9-30-15 INVESTMENT FFCB NOTE FHLB NOTE FFC B NOTE FFCB NOTE FHL B NOTE DATE ACQUIRED 27 -May-14 12-Jun-14 04-Aug-14 06-0ct-1 4 22-0ct-14 MATURITY DATE 27-No v-15 10-Jun-16 04-Aug-16 17-Dec-15 17-0ct-16 26 W EEK T-BILL AUCTION DISCOUNT/WEEK OF PURCHASE 0.130% 0 .060% 0 .050% 0 .050% 0.060% YIELD TO MATUR ITY 0.250% 0.451% 0 .575% 0 .268% 0.470% ACCOUNT ALLOCATION OF INVESTMENT 001-1 172 GENERAL FUND OPERA TING 700,000.00 84 7,850.00 499,872.46 002-1166 UTILITY DEBT SERVICE RESERVE 002 -117 2 UTILITY FUND OPERA TING 499 ,280.00 999,500.00 239,484 .06 002-1178 CUSTOMER DEPOSITS 245 ,159.19 002-1 186 UTILITY LINE RENEWAL 002-1 557 THE RESERVE LI FT STATION 003-11 80 BEDFORD BR IDG E ESCROW 003-1188 TOWN CENTER/HWY26 003 -11 92 MCDONWELL WOODS EST ESCROW 003-1200 LONGWOOD-PARKING ESCROW 003-1204 BEDFORD LAKES/SOMERSET 003-1 228 PLEASANT RUN HARDAGE ESTATES/ESC 003-1229 GLA DE RD SUMMERBROOK 56 ,161 .99 003-1231 LAKEWOOD ESCROW 003-1236 E. GLADE CRANBROOK ESCROW 003-1237 E. GLADE ASHMORE I ESCROW 51 ,908 .79 003-12 47 GLADE/WAYSIDE ESCROW 003-1250 REATTA PLACE 003-1257 A SHMORE II A GLADE RD ESCROW 27 ,761 .89 003 -1268 MILL CREE K/ GLADE ES CROW 30,203 .34 003 -1271 ASHMORE 1111 GLADE ESCROW 64 ,045 .14 003-1278 GLADE RD /ASHMORE llB ESCROW 35 ,560.60 003-130 1 LAKEWOOD PH IV 003-1304 VILLAS DE L MAR 00 3-1307 STREET RECONSTRUCTION 003-1309 COVENANT CHRISTIAN 003-1319 REMINGTON PARK 003-1323 SHALIMAR 003-1325 PECAN GARDENS 003-1330 REM INGTON PA RK 003-1340 CASTLETON MANOR 003 -1357 CITGO/LD LO CKETT 003-1392 CLAI RMO NT-PH I 003 -1404 TANGLEWOOD 003-1418 CLA IRMONT-PH II 003 -1429 WARWICK PA RC 003-1434 ROCKRIMMON 003-1486 CH A NEL'S COURT 003-1563 VILLAS OF COLLEYVILLE 005-1172 VOLUNTARY PARK FUND 011 -1172 LIBRARY DONATIONS FUND 359,642 .52 012-1172 PAR K LAND DED ICATION FUND 115,983.26 017 -1172 DRAINAGE FUN D OPERATING 02 4-1172 CEDC OPERATING 026-1172 TI F OPERATING 032 -1519 CAPITAL EQU IPMENT RESERVE 034 -1172 COLLEYVILLE TO MORROW 350,350.00 25 ,091 .76 PER GE NER A L LEDGER $1 ,199,280.00 $1 , 198,200.00 $999,500.00 $750 ,285 .00 $1,000 ,590 .00 MA RKET VA LUE $1 ,200,012 .00 $1 , 199,979 .60 $1 ,000,036.00 $750,319 .50 $1 ,000,491 .00 VALU E AT MATURITY $1 ,200,000.00 $1 ,200 ,000 .00 $1 ,000,000.00 $750 ,000.00 $1 ,000,000.00 IN TEREST RECE IVED TO MATURITY $4 ,512 .33 $10,809.17 $11 ,515.75 $2,406.49 $9 ,350.80 OUTSTANDING INVESTMENTS AT 9-30-15 INVESTMENT FFCB NOTE FHL B NOTE FHL B NOTE FHLB NOTE FHL B NOTE DA TE ACQU IRED 14-Nov-14 24-Nov-14 18-Dec-14 23-Mar-15 12 -May-15 MATURITY DATE 09-May-16 23-Nov-16 12 -Dec-16 23-Mar-17 12-May-17 26 WEEK T-BI LL AUCTION DISCOUNT/WEEK OF PURCHASE 0.070% 0 .080% 0 .120% 0 .110% 0 .090% YIELD TO MATUR ITY 0.375% 0.560% 0 .660% 0 .750% 0 .745% ACCOUNT ALLOCATION OF INVESTMENT 001 -1172 GENERAL FUND OPERATING 800,000.00 45 1,187.83 1,000,000.00 002 -11 66 UTILITY DEBT SERVICE RESERVE 002 -1172 UTILITY FUND OPERA TING 449,796 .28 1,301 ,014 .00 199, 190.95 002 -117 8 CUSTOMER DEPOSITS 165,687 .76 002 -1186 UTILITY LINE RENEWAL 002 -155 7 THE RESERVE LIFT STATION 003-11 80 BEDFORD BRIDG E ESCROW 003-11 88 TOWN CENTER/HWY26 003-11 92 MCDONWELL WOODS EST ESCROW 003-1200 LONGWOOD-PARKING ESCROW 003-1204 BEDFORD LAKES/SOMERSET 003-1228 PLEASANT RUN HARDAGE ESTATES/ESC 003-1229 GLADE RD SUMMERBROOK 00 3-123 1 LAKEWOOD ESC ROW 003-1236 E GLADE CRANBROOK ESCROW 003-1237 E. GLADE ASHMORE I ESCROW 003-12 47 GLADE/WAY SIDE ESCROW 003-1250 RE ATTA PLACE 003-125 7 ASHMORE II A GLADE RD ESCROW 003-1268 MILL CREEK/ GLADE ESCROW 003-12 71 ASHMORE Ill/ GLADE ESCROW 003-12 78 GLADE RD/ASHMORE llB ESCROW 003 -1301 LAKEWOOD PH IV 77 ,530.57 003 -1304 VILLAS DEL MAR 003-1307 STREET RECONSTRUCTION 204 ,070.00 003-1309 COVENANT CHRISTIAN 003 -131 9 REM INGTON PARK 27 ,855 .96 003-1323 SHALIMAR 003-1325 PECAN GARDENS 003-1330 REMINGTON PARK 003-1340 CASTLETON MANOR 81 ,309.57 003-1357 CITGO/LO LOCKETT 003-1392 CLAIRMONT-PH I 003-1 404 TANGLEWOOD 003-1418 CLAIRMONT-PH 11 147,050.32 003-1 429 W A RWICK PARC 003-1 434 ROCKRIMMON 003-1 486 CHANEL'S COURT 47 ,895.39 003 -1563 VILLAS OF COLLEYVILLE 52 ,979.48 005 -1172 VOLUNTARY PAR K FUND 200,37 4.33 011-1172 LIBRARY DON ATIONS FUND 012 -1172 PARK LAND DED ICATION FUND 100, 187.16 200.000.00 017 -1172 DRA INAGE FUND OPER AT ING 02 4-1172 CEDC OPERATING 026-1172 TIF OPERATING 032-15 19 CA PITAL EQU IPMENT RESERVE 034-117 2 COLLEYVILLE TOMORROW PER GENERAL LEDGER $1 ,004 ,070.00 $1 ,201 ,545 .60 $1 ,301 ,014 .00 $1 ,000 ,000.00 $999 ,500.00 MARKET VALUE $1 ,002 ,328.00 $1 ,201 ,77 1 20 $1 ,302 ,312 .70 $1 ,002 , 144 .00 $999 ,593.00 VALUE AT MATUR ITY $1 ,000,000 .00 $1 ,200,000.00 $1 ,300 ,000.00 $1 ,000,000.00 $1,000,000.00 INTE REST RECEIVED TO MATURITY $5 ,570 .05 $13 ,441 .03 $17,051 .37 $15,020.55 $14 ,925.08 OUTSTANOING INVESTMENTS AT 9-30-15 INVESTMENT TREASURY FHLB NOTE FHLB NOTE FHLB NOTE FFCB NOTE TREASURY NOTE DATE ACQUIRED 15-Jun-15 19-Jun-15 24-Jun-15 07-Jul-15 15-Jul-15 31-Jul-15 MATUR ITY DATE 15-Dec-16 12-Jun-17 07-Apr-17 30-Jun-17 16-Jun-17 31-Jul-17 26 WEEK T-BILL AUCTION OISCOUNTIWEEK OF PURCHASE 0.110% 0.050% 0.080% 0 .080% 0 .110% 0.140% YI ELD TO MATURITY 0 .562% 0.820% 0.950% 0.730% 0.800% 0.625% ACCOU NT ALLOCATION OF INVESTMENT 001-1172 GENERAL FUND OPERATING 1,000,390 .00 002 -1166 UTILITY DEBT SERVICE RESERVE 002 -1172 UTILITY FUND OPERATING 228 ,273 .23 850,729.00 002 -1178 CUSTOMER DEPOSITS 002 -1186 UTILITY LINE RENEWAL 1,003 ,800.00 150,501 .00 002 -1 557 THE RESERVE LIFT STATION 003 -1180 BEDFORD BRIDGE ESCROW 35 ,907 83 003-1188 TOWN CENTER/HWY26 003-1192 MCDONWELL WOODS EST ESCROW 003-1200 LONGWOOD-PARKING ESCROW 003 -1204 BEDFORD LAKES/SOMERSET 003-1228 PLEASANT RUN HARDAGE ESTATESIESC 003-1229 GLADE RD SUMMERBROOK 003 -1231 LAKEWOOD ESCROW 003-1236 E. GLADE CRANBROOK ESCROW 003-1237 E. GLADE ASHMORE I ESCROW 003-1247 GLADE/WAYSIDE ESCROW 003-1 250 REATTA PLACE 003-1257 ASHMORE II A GLADE RD ESCROW 003-1268 MILL CREEK/ GLADE ESCROW 003-1271 ASHMORE Ill/ GLADE ESCROW 003-1278 GLADE RD/ASHMORE llB ESCROW 003-1301 LAKEWOOD PH IV 003-1304 VILLAS DEL MAR 003-1307 STREET RECONSTRUCTION 003-1309 COVENANT CHRISTIAN 140,343 .10 003-1319 REMINGTON PARK 003-1323 SHALIMAR 003-1325 PECAN GARDENS 32 ,389.09 003-1330 REMINGTON PARK 81 ,068 .37 00 3-1340 CASTLETON MANOR 00 3-1357 CITGO/LO LOCKETT 003-1392 CLAIRMONT-PH I 00 3-1404 TANGLEWOOD 003-1418 CLAIRMONT-PH II 00 3-1429 WARWICK PARC 89, 131 .60 003-1434 ROCKRIMMON 65 ,055.06 003-1486 CHANEL'S COURT 003-1563 VILLAS OF COLLEYVILLE 005-1172 VOLUNTARY PARK FUND 199,427 .23 011-1172 LIBRARY DONATIONS FUND 012 -1172 PARK LAND DEDICATION FUND 461,448 .71 227 , 197 .01 0 17-1172 DRAINAGE FUND OPERATING 69,440.95 024 -1172 CEDC OPERATING 499 ,750 .00 026-1172 TIF OPERATING 421 ,536 .57 032-1 5 19 CAPITAL EQUIPMENT RESERVE 034 -117 2 COLLEYVILLE TOMORROW PER GENERAL LEDGER $1 ,301 ,218.75 $750 ,000 .00 $1 ,003,800.00 $1 ,000 ,390.00 $1 ,001 ,230.00 $499,750 .00 MAR KET VALUE $1 ,302 , 7 41 . 70 $751 ,737 .75 $1 ,004 ,563 .00 $1 ,001,485.00 $1 ,001 ,879 .00 $500,189.00 VALUE AT MATURITY $1 ,300,000.00 $750,000 .00 $1 ,000 ,000 .00 $1 ,000 ,000.00 $1 ,000,000.00 $500,000.00 INTEREST RECEIVED TO MATURITY $10,991 .92 $12 , 198.67 $16,995.89 $14,480.00 $15 ,386.30 $6 ,258.56 OUTSTANDING INVESTMENTS AT 9-30-15 INVESTMENT FFCB NOTE DATE ACQUIRED 16-Sep-15 MATURITY DATE 14-Sep-17 26 WEEK T-BILL AUCTION DISCOUNT/WEEK OF PURCHASE 0 .240% YIELD TO MATURITY 0.780% ACCO UNT ALLOCATION OF INVESTMENT 001 -1172 GENERAL FUND OPERATING 1,000 ,000.00 002 -1166 UTILITY DEBT SERVICE RESERVE 002-1172 UTILITY FUND OPERA TING 002-1178 CUSTOMER DEPOSITS 002-1186 UTILITY LINE RENEWAL 002-1557 THE RESERVE LIFT STATION 003-1180 BEDFORD BRIDGE ESCROW 003-1188 TOWN CENTER/HWY26 003-1192 MCDONWELL WOODS EST ESCROW 003-1200 LONGWOOD-PARKING ESCROW 003-1204 BEDFORD LAKES/SOMERSET 003-1228 PLEASANT RUN HARDAGE ESTATES/ESC 003-1229 GLADE RD SUMMERBROOK 003-1231 LAKEWOOD ESCROW 003-1236 E. GLADE CRANBROOK ESCROW 003 -1237 E. GLADE ASHMORE I ESCROW 003-1247 GLADE/WAYSIDE ESCROW 003-1250 REATIA PLACE 003-1257 ASHMORE II A GLADE RD ESCROW 003-1268 MILL CREEK/ GLADE ESCROW 003-1271 ASHMORE Ill/ GLADE ESCROW 003-1278 GLADE RD/ASHMORE \IB ESCROW 003-1301 LAKEWOOD PH IV 003-1304 VILLAS DEL MAR 003-1307 STREET RECONSTRUCTION 003-1309 COVENANT CHRISTIAN 003-1319 REMINGTON PARK 003-1323 SHALIMAR 003-1325 PECAN GARDENS 003-1330 REMINGTON PARK 003-1340 CASTLETON MANOR 003-1357 CITGO/LO LOCKED 003-1392 CLAIRMONT-PH I 003-1404 TANGLEWOOD 003-1418 CLAIRMONT-PH II 003-1429 WARWICK PARC 003-1434 ROCKRIMMON 003-1486 CHANEL'S COURT 003-1563 VILLAS OF COLLEYVILLE 005-1172 VOLUNTARY PARK FUND 011-1172 LIBRARY DONATIONS FUND 012-1172 PARK LAND DEDICATION FUND 017 -1172 DRAINAGE FUND OPERATING 024 -1172 CEDC OPERATING 026-1172 TIF OPERATING 032-1519 CAPITAL EQUIPMENT RESERVE 034-1172 COLLEYVILLE TOMORROW PER GENERAL LEDGER $1 ,000,000.00 MARKET VALUE $1 ,001.447 .00 VALUE AT MATURITY $1 ,000 ,000 00 INTEREST RECEIVED TO MATURITY $15,578 .63 CDARS CERTIFICATE OF DEPOSIT ALLOCATION II CDARS CERTIFICATES OF DEPOSIT II INTEREST EARNED FUND PURCHASE MATURITY INTEREST DURING ALLOCATION AMOUNT DATE DATE RATE QUARTER UTILITY FUND $508 ,338 .65 7/31/2015 7/30/2017 0.40% $501 .38 GENERAL FUND $505 ,871 .92 6/26/2014 6/23/2016 0.50% $623 .68 GENERAL FUND $506 ,768 .95 3/26/2015 3/24/2016 0 .30% $374 .87 GENERAL FUND $1 ,518 ,932.34 9/24/2015 9/22/2016 0.40% $1,495 .20 GENERAL FUND $504 ,998 .83 9/25/2014 9/22/2016 0 .50% $622 .60 GENERAL FUND $504.752.03 9/24/2015 9/21/2017 0.40% $497 .84 GENERAL FUND $500 ,000 .00 3/27/2014 3/24/2016 0.50% $616.44 TOTAL $4 ,549 ,662 .72 $4 ,732.00 LOGIC INVESTMENT POOL ALLOCATION AND GENERAL INFORMATION LOCAL GOVERNMENT INVESTMENT COOPERATIVE/ "LOGIC" ACCOUNT ALLOCATION AT SEPTEMBER 30, 2015 ACCT# DESCRIPTION BALANCE GENERAL FUND 001-11 15 GENERAL OPERATING $1 ,014 ,438 .26 UTILITY FUND 002-1115 UTILITY OPNS $886 ,163.51 002-1116 IMPACT FEES WATER $1 ,246 ,522 .74 002-1119 UTILITY LINE RESTORATION $1 ,364 ,201.42 002-1 130 UTILITY INTEREST & SINKING FUND $533 ,654 .16 002-1294 IMPACT FEES SEWER $365,620.06 CAPITAL PROJECTS FUND 003-1 113 IMPACT FEES/SA I $21 ,210.20 003-1508 M ICRO-RESURFACING $304 ,637 .96 003-1 509 STREET RESURFACING $30,035 .90 DEBT SERVI CE FUND 004-1 115 DEBT SERVICE OPERATING $900 ,738 .73 DRAINAGE FUND 017-1115 DRAINAGE OPERATING $625 ,670 .39 017-1159 DRAINAGE INT & SINKING FUND $241 , 179.02 017-1380 2001 DRAINAGE BONDS $2 ,327 .80 TIFFUND 026-1115 TIF OPERATING $11 ,553 ,987 .60 026-1383 2001 TIF BONDS $123 ,368 .68 CCCPDFUND 027-1115 CCCPD OPERATING $910,224 .24 027-1147 99 POLICE/COURT BLDG FUND $3 ,869.62 SALES TAX INCENTIVE AGREEMENT FUND 031-1115 SALES TAX INCENTIVE AGREEMENT OPERATING $354,475.27 CAPITAL EQUIPMENT REPLACEMENT FUND 032-1115 CAPITAL EQUIPMENT REPLACEMENT FUND $81 ,925 .61 COLLE YVILLE TOMORROW FUND 034 -11 15 COLLEYVI LLE TOMORROW FUND $1 ,645 ,307 .40 PARKS TOMORROW FUND 035-1115 PARKS TOMORROW FUND $1 ,196,293 .53 STRATEGIC INITIATIVES FUND 036-1115 STRATEGIC INITIATIVES FUND $296 ,231 .50 TOTAL LOGIC POOL BALANCE $23 ,702 ,083 .60 Ne w s Pe r f o r m a n c e Holiday Reminder In observance of Columbus Day, LOGIC will be closed on Monday, October 12, 2015. All ACH transactions initiated on Friday, October 9th, will settle on Tuesday October 13th. Please plan accordingly for your liquidity needs. Conferences LOGIC Representatives will be attending the following conference in October. We look forward to visiting with those of you attending this event: Government Finance Ofﬁ cers Association of Texas Fall Conference – October 28-30, Houston LOGIC Newsletter September 2015 Ec o n o m i c C o m m e n t a r y The third quarter was a tumultuous period as concerns over the global impact of China’s economic slowdown dominated global ﬁ nancial markets, with global equities slumping, oil prices falling, credit spreads spiking and commodity prices taking another leg down. The reaction from ﬁ xed income markets was more muted than what might have been expected: U.S. 10-year Treasury yields fell by roughly 30 basis points but did not break below the 2.0% level, remaining well above their ﬁ rst quarter lows. In September, the Federal Open Market Committee (FOMC) decided not to raise interest rates, despite unemployment falling from 5.6% at the start of the year to 5.1% in August. The tone of the message coming from the Fed’s policy statement, economic projections and press conference was generally perceived as very dovish, reﬂ ecting the central bank’s concerns for global growth. This seemed to validate markets’ pre- existing growth worries and market pricing for the ﬁ rst Fed rate hike was pushed into 2016. We continue to await the ﬁ rst Fed rate hike in almost ten years, but now question the Committee’s ability to initiate liftoff this year. While the Fed seemingly no longer needs to deploy extraordinary tools, limited inﬂ ation in the U.S. (in fact, there is almost no inﬂ ation around the world), expectations for fairly modest growth going forward, and still no obvious upward pressure on wages reinforce a growing list of reasons why they may not hike in the near term. Furthermore, rates have fallen around the world, and a stronger dollar and increased market volatility may make it hard for the Fed to decouple too much from its global counterparts. Never before have the global markets been so integrated, nor as dependent on emerging markets, which now comprise over 40% of global GDP. This was meant to be a good fourth quarter: the Fed had prepped the markets for most of the year on a September ‘lift-off’ and the U.S. recovery was on solid footing with little need for unconventional tools. Although the Fed tried to walk back its decision in the days following the FOMC meeting, some loss of credibility was damaging and continues to reverberate through the markets. Events appear to indicate that the Fed (and other major central banks) will be overly cautious in normalizing policy, meaning low rates and excessive monetary accommodation could be with us for a while. This information is an excerpt from an economic report dated September 2015 provided to LOGIC by JPMorgan Asset Management, Inc., the investment manager of the LOGIC pool. *Definition of Weighted Average Maturity (1) & (2) (1) This weighted average maturity calculation uses the SEC Rule 2a-7 deﬁ nition for stated maturity for any ﬂ oating rate instrument held in the portfolio to determine the weighted average maturity for the pool. This Rule speciﬁ es that a variable rate instrument to be paid in 397 calendar days or less shall be deemed to have a maturity equal to the period remaining until the next readjustment of the interest rate. (2) This weighted average maturity calculation uses the ﬁ nal maturity of any ﬂ oating rate instruments held in the portfolio to calculate the weighted average maturity for the pool. Rates reﬂ ect historical information and are not an indication of future performance. As of September 30, 2015 Current Invested Balance $3,298,434,843.78 Weighted Average Maturity (1)* 33 Days Weighted Average Maturity (2)* 46 Days Net Asset Value 1.000052 Total Number of Participants 482 Management Fee on Invested Balance 0.0875% Interest Distributed $614,944.58 Management Fee Collected $241,494.01 % of Portfolio Invested Beyond 1 Year 1.21% Standard & Poor’s Current Rating AAAm September Averages: Average Invested Balance $3,357,860,840.10 Average Monthly Yield, on a simple basis 0.1354% Average Weighted Average Maturity (1)* 37 Days Average Weighted Average Maturity (2)* 48 Days Distribution of Participants by Type As of September 30, 2011 Portfolio by Maturity As of September 30, 2011 In f o r m a t i o n a t a G l a n c e Hi s t o r y Historical Program Information Average Book Market Net Number of Month Rate Value Value Asset Value WAM (1)* WAM (2)* Participants Sep 15 0.1354% $3,298,434,843.78 $3,298,608,218.16 1.000052 37 48 482 Aug 15 0.1354% 3,481,714,713.30 3,481,787,250.61 1.000020 41 43 482 Jul 15 0.1265% 3,695,302,543.37 3,695,464,092.30 1.000035 45 47 482 Jun 15 0.1249% 3,654,155,351.53 3,654,410,680.14 1.000069 50 52 479 May 15 0.1122% 3,946,893,410.17 3,947,118,664.62 1.000057 50 53 477 Apr 15 0.1130% 3,998,470,171.80 3,998,712,647.13 1.000060 53 56 477 Mar 15 0.0999% 4,066,005,418.39 4,066,212,104.05 1.000050 54 54 476 Feb 15 0.0921% 4,259,905,573.48 4,260,112,636.65 1.000044 56 56 475 Jan 15 0.0843% 4,685,467,403.35 4,685,649,495.36 1.000035 53 53 474 Dec 14 0.0974% 3,939,993,459.46 3,940,056,660.58 1.000012 54 54 474 Nov 14 0.0871% 3,113,166,276.38 3,113,286,210.13 1.000038 57 57 474 Oct 14 0.0879% 2,980,769,409.32 2,980,950,713.69 1.000053 56 56 473 As s e t s Book Value Market Value Uninvested Balance $ 137.65 $ 137.65 Accrual of Interest Income 241,405.68 241,405.68 Interest and Management Fees Payable (687,150.71) (687,150.71) Payable for Investment Purchased 0.00 0.00 Receivable for Investment Sold 0.00 0.00 Repurchase Agreements 679,974,999.95 679,974,999.95 Commercial Paper 1,870,952,433.74 1,871,043,879.43 Government Securities 747,953,017.47 748,034,946.16 Total $ 3,298,434,843.78 $ 3,298,608,218.16 Market value of collateral supporting the Repurchase Agreements is at least 102% of the Book Value. The portfolio is managed by J.P. Morgan Chase & Co. and the assets are safekept in a separate custodial account at the Federal Reserve Bank in the name of LOGIC. The only source of payment to the Participants are the assets of LOGIC. There is no secondary source of payment for the pool such as insurance or guarantee. Should you require a copy of the portfolio, please contact LOGIC Participant Services. Portfolio Asset Summary as of September 30, 2015 Commercial Paper 56.72% Repurchase Agreements 20.61% 8 to 30 days 25.28% 1 to 7 days 35.03% 181+ days 1.52% 31 to 90 days 29.78%Utility District 9.96% Other 6.43% School District 39.21%Health Care 1.66% County 10.58% Higher Education 2.70% City 29.46% Distribution of Participants by Type As of September 30, 2015 Portfolio by Type of Investment As of September 30, 2015 Portfolio by Maturity As of September 30, 2015 91 to 180 days 8.39% Agencies 19.86% Treasuries 2.81% Mny Mkt Fund Daily Allocation LOGIC Invested Market Value WAM WAM Date Equiv. [SEC Std.] Factor Balance Per Share Days (1)* Days (2)* 9/1/2015 0.1340% 0.000003670 $3,473,456,432.02 1.000014 35 40 9/2/2015 0.1317% 0.000003608 $3,452,300,847.81 1.000008 36 45 9/3/2015 0.1304% 0.000003573 $3,435,653,293.20 0.999994 37 46 9/4/2015 0.1280% 0.000003506 $3,415,385,576.70 0.999980 35 44 9/5/2015 0.1280% 0.000003506 $3,415,385,576.70 0.999980 35 44 9/6/2015 0.1280% 0.000003506 $3,415,385,576.70 0.999980 35 44 9/7/2015 0.1280% 0.000003506 $3,415,385,576.70 0.999980 35 44 9/8/2015 0.1295% 0.000003548 $3,410,745,590.13 0.999999 38 47 9/9/2015 0.1285% 0.000003521 $3,368,841,901.97 1.000000 38 47 9/10/2015 0.1349% 0.000003695 $3,381,177,077.42 1.000003 40 49 9/11/2015 0.1422% 0.000003896 $3,353,392,320.71 0.999994 39 48 9/12/2015 0.1422% 0.000003896 $3,353,392,320.71 0.999994 39 48 9/13/2015 0.1422% 0.000003896 $3,353,392,320.71 0.999994 39 48 9/14/2015 0.1413% 0.000003870 $3,354,569,710.99 1.000000 38 51 9/15/2015 0.1476% 0.000004044 $3,306,834,720.88 0.999995 39 52 9/16/2015 0.1435% 0.000003932 $3,294,453,210.81 0.999992 41 53 9/17/2015 0.1482% 0.000004061 $3,288,198,085.05 1.000006 40 53 9/18/2015 0.1463% 0.000004007 $3,285,606,775.92 1.000021 37 50 9/19/2015 0.1463% 0.000004007 $3,285,606,775.92 1.000021 37 50 9/20/2015 0.1463% 0.000004007 $3,285,606,775.92 1.000021 37 50 9/21/2015 0.1452% 0.000003978 $3,274,251,835.20 1.000040 37 50 9/22/2015 0.1429% 0.000003916 $3,273,591,969.09 1.000047 36 49 9/23/2015 0.1364% 0.000003737 $3,283,408,953.85 1.000051 36 49 9/24/2015 0.1317% 0.000003609 $3,272,693,500.59 1.000054 36 49 9/25/2015 0.1261% 0.000003454 $3,391,627,913.09 1.000039 34 46 9/26/2015 0.1261% 0.000003454 $3,391,627,913.09 1.000039 34 46 9/27/2015 0.1261% 0.000003454 $3,391,627,913.09 1.000039 34 46 9/28/2015 0.1245% 0.000003410 $3,430,524,082.91 1.000045 34 46 9/29/2015 0.1238% 0.000003391 $3,383,265,811.45 1.000049 33 46 9/30/2015 0.1332% 0.000003649 $3,298,434,843.78 1.000052 33 46 Average 0.1354% 0.000003710 $3,357,860,840.10 37 48 Da i l y R a t e s Daily Summary for September 2015 LOGIC versus 90-Day Treasury Bill This material is for information purposes only. This information does not represent an offer to buy or sell a security. The above rate information is obtained from sources that are believed to be reliable; however, its accuracy or completeness may be subject to change. The LOGIC management fee may be waived in full or in part at the discretion of the LOGIC co-administrators and the LOGIC rate for the period shown reﬂ ects waiver of fees. This table represents historical investment performance/return to the customer, net of fees, and is not an indication of future performance. An investment in the security is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Although the issuer seeks to preserve the value of an investment at $1.00 per share, it is possible to lose money by investing in the security. Information about these and other program details are in the fund’s Information Statement which should be read carefully before investing. The yield on the 90-Day Treasury Bill (“T-Bill Yield”) is shown for comparative purposes only. When comparing the investment returns of the LOGIC pool to the T-Bill Yield, you should know that the LOGIC pool consist of allocations of speciﬁ c diversiﬁ ed securities as detailed in the respective Information Statements. The T-Bill Yield is taken from Bloomberg Finance L.P. and represents the daily closing yield on the then current 90-day T-Bill. Da i l y R a t e s Da i l y S u m m a r y 7 /5 /2 0 1 5 7 /1 0 /2 0 1 5 7 /1 5 /2 0 1 5 7 /2 0 /2 0 1 5 7 /2 5 /2 0 1 5 7 /3 1 /2 0 1 5 8 /5 /2 0 1 5 8 /1 0 /2 0 1 5 8 /1 5 /2 0 1 5 8 /2 0 /2 0 1 5 8 /2 5 /2 0 1 5 8 /3 1 /2 0 1 5 9 /5 /2 0 1 5 9 /1 0 /2 0 1 5 9 /1 5 /2 0 1 5 9 /2 0 /2 0 1 5 9 /2 5 /2 0 1 5 9 /3 0 /2 0 1 5 0.00 0.02 0.04 0.06 0.08 0.10 0.12 0.14 0.16 -0.02 90 Day T-Bill Rate LOGIC Rate Co n t a c t s For more information contact LOGIC Participant Services  1-800-895-6442  www.logic.org LO G I C B o a r d LOGIC Board Members Philip G. Roberson Arlington ISD Board President Fred L. Werner Municipal Finance Director Board Vice President Judd R. Sanderson North Texas Municipal Water District Board Treasurer / Investment Ofﬁ cer Sandra Newby Tarrant Regional Water District Board Member Greg Jordan City of Grapevine Board Member L O G I C P a r t i c i p a n t S e r v i c e s c / o F i r s t S o u t h w e s t C o m p a n y , L L C 3 2 5 N o r t h S t . P a u l S t r e e t , S u i t e 8 0 0 D a l l a s , T X 7 5 2 0 1