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<br />I
<br />~. City of Arden Hills
<br /> Investment Portfolio Analysis
<br />I March 31,1996
<br /> I liivestritent Catee:orv" .............1.. Goal 03-31-95 12-31'95 02-29-96 03-31-96
<br />I Money Market Accounts ( MMA)
<br /> 4M (Mn Municipal MM Fund) $1,345,700 $1,883,694 $1,334,065 $1,109,964
<br /> Norwest Funds (U.S. Govt. Fund) 0 13,787 4,923 4,942
<br />I Paine Webber (Cash Fund) 24,315 0 0 0
<br /> Piper JatTray (Money Mkt Fund) 10,831 0 0 0
<br /> Smith Barney Shearson (Daily Div Fund) 473 58 694 64,591 5,554
<br /> Total Money Market 1,381,319 1,956,175 1,403,579 1,120,460
<br />I %, Of Total 15% 22.00/0 . 26.7% 19.9% 16.0%
<br /> Fixed Rate Instrum~
<br /> HartlRaymond James (Govt Bonds) 400,000 0 0 0
<br />I 4MJDain Bosworth (CD's,Govt Bonds) 900,000 1,100,000 1,300,000 1,300,000
<br /> Norwest Invest Services (Govt Bonds) 300,000 1,500,000 1,600,000 1,600,000
<br /> Paine Webber (Govt Bonds) 489,124 0 0 0
<br /> Piper Jaffray (Gort Bonds) 0 0 0 01
<br />I Smith Barney Shearson (CD's,Govt Bonds) 1,105,000 1,105,000 1,105,000 1,305,000 I
<br /> T olal FR! 3,194,124 3,705,000 4,005,000 4,205,000 i
<br /> % Of Total 65% 50.8% 50.6% 56.6% 60.2%
<br /> Mutual Funds
<br />I Piper Jaffray (Instit Govt Income) 510,611 01 0 0
<br /> Less: Valuation Reserve oil" 152,39'< 0 0 0
<br /> Total Mutual Funds 458,216 0 0 0
<br /> % Of Total 0% 7.3% 0.0% 0.0% 0.0%
<br />.. Zero Coupon InstnJmenb: (ZFROS)
<br /> 4M1Dain Bosworth (Agency Strips) 0 703,955 703,955 703,955
<br /> Piper Jaffray (Treasury Strips) 299,103 0 0 0
<br />I Smith Barney Shearson (FOG, TV A,CA T) 886,513 886,513 886,513 886,513
<br /> Norwest Inv Sernces (CD) 71152 71,152 71152 71,152
<br /> Total Zeros 1,256,768 1,661,620 1,661,620 1,661,620
<br /> % Of Total 20% 20.0% 22.7% 23.5% 23.8%
<br />I Total Investments 100% $6 290 427 $7 322 795 57 070 199 $6 987 080
<br />I Recan of 1996 Activity: Reconciliation of 1996 YTD Ch~
<br /> 03/31/96 Cash & Investments Balance 56,987,080 MMA's ($835,715)
<br /> 01101/96 Cash & Investments Balance 7 322 795 FRl's 500,000
<br /> ZERO's q
<br />I Portfolio Increase ( Decrease) ($335,715) ($335,715)
<br />I U Net Investment Income 570,562
<br /> Net Checking (406 277)
<br /> ($335.715)
<br />I * As a result of the yearend 12/31J94 extenml audit examination,a "mark to market" adjustment
<br /> was booked and was adjusted accordingly to reflect the future market value of this investment.
<br />I * * Excludes impact of reversing S50,583 in 12131195 accrued interest income and 1996 interest
<br /> income accretion from zero coupon instnunents.
<br />,. 96PORTFO
<br /> rev 041096
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