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<br />I
<br />I. City of Arden Hill,
<br /> Investment Portfolio Analysis
<br />I February 29,1996
<br />I LX..... i >>....1 I........ ....... .. 12"31.9~ 01-31.96 02.29.%.
<br /> Money Market Accounts (MMAl
<br /> 4M (Mn Munlcip.1 MM FWld) $1,574,725 S1,883,694 $1,694,438 $I,334,06~
<br />I Norwest Funds (U.S. Cort Fund) 60,943 13,787 19,972 4,923
<br /> Paine 'Webber (Cash Fund) 24,188 0 0 0
<br /> Piper Jaffray (Money Mkt Fund) 5,730 0 0 0
<br /> Smith Barney Shearson (Dally Div Fund) 2284 58.694 58 807 64,~91
<br />I Total Money Market 1,667,870 1,956,175 1,773,217 1,403,579
<br /> % or Total 15% 26.5%, 26.7% 24.8% 19.9%
<br /> Fixed Rate Tnstmment~ (FR{)
<br /> HartlRaymond James (Gort Bonds) 400,000 0 0 0
<br />I 4M1Dam Bosworth (CD's,Govt Bonds) 900,000 1,100,000 1,100,000 1,300,000
<br /> Norwest Invest Sen'ices (Cart Bonds) 300,000 1,500,000 1,500.000 1,600,000
<br /> Paine Webber (Gort Bonds) 489,124 0 0 0
<br /> Piper Jaffray (Gort Bonds) 0 0 0 0
<br />I Smith Barney Shearson (CD's,Govt Bonds) 905,000 1,105,000 1,105,000 1,105,000
<br /> Tot.l FRI 2,994.124 3,705,000 J,705,000 4,005,000
<br /> % Of Total 65% 47.6110/110 50.6% 51.9% 56.6%
<br />I MuhlalFuruls.
<br /> Piper Jaffray (Instit Govt Income) 510,611 0 0 0
<br /> Less: Valuation Reserve * (69916 0 0 0
<br /> Total Mutual Funds 440.695 0 0 0
<br />-e % or Total 0% 7.0% 0.0% 0.0% 0.00/0
<br /> Zero Coupon Tnstnlmentll (ZFROS)
<br /> 4M/Dam Bosworth (Agency Strips) 0 703,95~ 703,9~~ 703,955
<br /> Piper JatTray (Treasury Strips) 299,103 0 0 0
<br />I Smith Barney Shearson (FDG,TVA,CAT) 886,513 886,513 886,513 886,513
<br /> Norwest Inv Senices (CD) 0 71152 71,152 71,152
<br /> Total Zeros 1,185,616 1,661,620 1,661,620 1.661,620
<br /> % OrTotal 20% 18.9% 22.7% 23.3% 23.5'%
<br />I Total Investments 100% $6 288 305 $7 322 795 $7 139 837 $7 070 199
<br />I Recap 0(1996 Actirib::. Reconciliation of 1996 YTD Change:
<br /> 02/29/96 Cash & Investments Balance $7,070,199 Ml\'IA's ($552,596)
<br /> 01101/96 Cash & Investments Balance 7.322.795 FRI's 300,000
<br /> ZERO', a
<br />I Portfolio Increase ( Decrease ) ($252,596) ($252.596)
<br />I *'II Net Investment Income $50,582
<br /> Net Checking (]03171i)
<br />I ($252.596\
<br /> . As a result of the yearend 12/31194 external audit examination,a "mark to market" adjustment
<br /> was booked and was adjusted accordingly to reflect the future market value of this mvestment.
<br />I *'II Excludes impact of reversing 12/31/95 accrued interest and 1996 interest
<br /> income accretion from zero coupon instnunents.
<br />.. 96PORTFO
<br /> rev 031 196
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