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ODESSA
COLLEGE
QUARTERLY
INVESTMENT REPORT
SEPTEMBER 1, 2003 - November 30, 2003
AS
REQUIRED BY THE
TEXAS PUBLIC FUNDS INVESTMENT ACT
|
|
INVESTMENT
POSITION BY POOLED FUND GROUP
QUARTER ENDING NOVEMBER 30, 2003 |
I. |
| |
Beginning
Market Value
Sep 1, 2002
|
Investment
Additions
(Deductions)
|
Market
Value
Appreciation
|
Ending
Market Value
Nov 30, 2003
|
| INVESTMENT
POOL A: |
|
|
|
|
| |
Current
Unrestricted Funds |
14,741,576
|
(4,082,289)
|
(840)
|
10,658,447
|
| |
Current
Restricted Funds |
828,126
|
1,441,131
|
(179)
|
2,269,078
|
| |
Loan
Funds |
0
|
280,010
|
(22)
|
279,988
|
| |
Endowment
Fund |
657,368
|
1,696
|
(52)
|
659,012
|
| |
Renewal
& Replacement Fund |
5,935,459
|
(170,927)
|
(454)
|
5,764,078
|
| |
Agency
Funds Held for Others |
56,839
|
(11,245)
|
(4)
|
45,590
|
| |
|
22,219,368
|
(2,541,625)
|
(1,550)
|
19,676,193
|
| |
|
|
|
|
| INVESTMENT
POOL B (DEBT SERVICE): |
|
|
|
|
| |
Bond
Interest & Sinking Fund |
1,366,632
|
(1,003,236)
|
0
|
363,396
|
| |
Bond
Debt Service Reserve |
2,713,860
|
(13,860)
|
(11,430)
|
2,688,570
|
| |
|
4,080,492
|
(1,017,096)
|
(11,430)
|
3,051,966
|
| |
|
|
|
|
|
| ALL
FUNDS |
26,299,860
|
(3,558,721)
|
(12,980)
|
22,728,159
|
| |
|
|
|
|
| |
|
|
|
Nov 30, 2003
$23,251,687 |
top
BOOK
VALUE AND MARKET VALUE OF INVESTMENTS BY TYPE
OF ASSET
QUARTER ENDING NOVEMBER 30, 2003 |
II. |
| |
P.F.I.A.
Authorization
|
August
31, 2003
|
November
30,
2003
|
Maturity
|
| |
Book
Value
|
Market
Value
|
Book
Value
|
Market
Value
|
Public
Funds Investment
Pools |
Sec.
2256.016 |
|
|
|
|
|
| TexPool
Fund - General |
|
5,035,948
|
5,035,948
|
2,591,305
|
2,591,305
|
Daily
Liquidity
|
| TexPool
Fund - Interest & Sinking |
|
1,366,632
|
1,366,632
|
363,396
|
363,396
|
Daily
Liquidity
|
| Lone
Star Liquidity Plus Fund |
|
35,573
|
35,573
|
35,660
|
35,660
|
Daily
Liquidity
|
| Lone
Star Liquidity Corporate Fund |
|
2,525,186
|
2,525,186
|
2,531,203
|
2,531,203
|
Daily
Liquidity
|
| Lone
Star Enhanced Corporate Fund |
|
113,214
|
113,214
|
113,466
|
113,466
|
Semi-monthly
|
| Logic
- Liquid Asset Fund |
|
1,627,193
|
1,627,193
|
1,631,275
|
1,631,275
|
Daily
Liquidity
|
| |
|
10,703,746
|
10,703,746
|
7,266,305
|
7,266,305
|
|
| |
|
|
|
|
|
|
| Money
Market Funds |
Sec.
2256.014 |
|
|
|
|
|
| Goldman
Sachs (American State Bank) |
|
1,667,617
|
1,667,617
|
805,386
|
805,386
|
Daily
Liquidity
|
| |
|
1,667,617
|
1,667,617
|
805,386
|
805,386
|
|
| |
|
|
|
|
|
|
| U.S.
Govt Agencies |
Sec.
2256.009 |
|
|
|
|
|
| Pooled
Operating Funds |
|
9,249,625
|
9,211,775
|
9,999,325
|
9,953,550
|
3.07
years
|
| Debt
Service Reserve Fund |
|
2,688,027
|
2,713,860
|
2,688,027
|
2,688,570
|
2.23
years
|
| |
|
11,937,652
|
11,925,635
|
12,687,352
|
12,642,120
|
|
| |
|
|
|
|
|
|
| Certificates
of Deposit |
|
|
|
|
|
|
| America
State Bank |
|
1,502,862 |
1,502,862 |
1,511,390 |
1,511,390 |
1.3
years |
| Western Nations Bank |
|
500,000 |
500,000 |
502,958 |
502,958 |
1.14
years |
| |
|
2,002,862 |
2,002,862 |
2,014,348 |
2,014,348 |
|
| |
|
|
|
|
|
|
| |
|
$26,311,878
|
$26,299,861
|
$22,773,391
|
$22,728,159
|
|
top
DIVERSITY REPORT
QUARTER ENDING NOVEMBER 30, 2003 |
III. |
| DIVERSITY
BY SECURITY TYPE: |
| |
PIP
Public Investment Pool |
7,266,305
|
| |
USG
U.S. Govt Agencies |
12,642,120
|
| |
CD
Certificates of Deposit |
2,014,348
|
| |
MMA
Money Market Funds |
805,386
|
| |
|
$22,728,159
|
|
|
| DIVERSITY
BY MATURITY: |
| |
0-1
year |
8,071,691
|
| |
1-2
years |
4,404,058
|
| |
2-3
years |
5,994,950
|
| |
3-5
years |
4,257,460
|
| |
|
$22,728,159
|
|
|
top
INVESTMENT
EARNINGS BY TYPE OF ASSET
QUARTER ENDING NOVEMBER 30,2003 |
IV. |
| |
|
Quarter
Ending
Nov 30,2003
|
Quarterly
Yield
|
Year-to-Date
Sep 2002 -
Nov 2003
|
Annual
Yield
|
| INTEREST
INCOME: |
|
|
|
|
| Public
Funds Investment Pools |
|
|
|
|
| |
TexPool |
15,971
|
1.04%
|
15,971
|
1.04%
|
| |
LoneStar
Liquidity Plus |
87
|
0.98%
|
87
|
0.98%
|
| |
LoneStar
Liquidity Corporate |
6,017
|
0.95%
|
6,017
|
0.95%
|
| |
LoneStar
Enhanced Corporate |
252
|
0.86%
|
252
|
0.86%
|
| |
Logic |
4,082
|
1.01%
|
4,082
|
1.01%
|
| |
|
26,409
|
1.87%
|
26,409
|
|
| |
|
|
|
|
|
| |
Money
Market Funds |
809
|
0.41%
|
809
|
0.41%
|
| |
|
|
|
|
|
| |
U.S.
Government Agencies |
96,338
|
3.07%
|
96,338
|
3.07%
|
| |
Certificates
of Deposit |
10,126 |
1.55% |
10,126 |
1.55% |
| |
|
|
|
|
|
| |
Total
Interest Earned
|
$133,682
|
2.03%
|
$133,682
|
2.03%
|
| |
|
|
|
|
|
| |
Benchmark
Yield:
|
|
|
|
|
| |
|
3-Month
Treasury Bill |
0.90%
|
|
1.90%
|
| |
|
Actual
above Benchmark (BPS) + 113 BPS + 113 BPS
|
| |
|
|
|
|
|
| |
Annual Interest Budget (All Funds) |
|
|
$811,767 |
|
| |
Percent of Budget Earned Year to Date |
|
|
16.5% |
|
| |
|
|
|
|
|
| GAINS
(LOSSES) ON SALE OF INVESTMENTS: |
|
|
|
|
| |
Unrealized Gains (Changes on Market Value Since
Beginning of Year) |
($12,980) |
|
($12,980) |
|
| |
Realized Gains (On Investments Sold or Matured
Since Beginnin fo Year) |
($20,535) |
|
($20,535) |
|
|
|
