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Item 3B2 - Financial ReportReference Page 3 Page 3 Page 4 Page 4 Page 5 MONTHLY FINANCIAL REPORT January 2023 = Negative Variance of > 4% compared to seasonal trends. Positive Negative PERFORMANCE AT A GLANCE Year to Date 3 year Trend Positive PERFORMANCE INDICATORS Positive Warning Permit Revenues Positive Positive Departmental Expenditures Summary Positive = Negative variance of 1-4% compared to seasonal trends = Positive variance or negative variance <1% compared to seasonal trends. GENERAL FUND PositiveGeneral Fund Exp. Vs. Rev. Sales Tax Revenue (2 months prior activity) Property Tax Revenue Positive Positive Positive Positive City of Southlake Monthly Financial Report 1 2/15/2023 National GDP: Housing Starts: Housing starts in December were at a seasonally adjusted rate of 1,382,000, which is 1.4% below the revised previous month figure of 1,401,000. -1.4% UNEMPLOYMENT RATES 3.4% The Dallas/Fort Worth/Arlington Metropolitan Area unemployment rate for December 2022 (preliminary) decreased slightly to 3.2% when compared to 3.3% in November 2022. 3.2% State-wide:3.9% The Texas Unemployment rate for December 2022 (preliminary) decreased slightly to 3.9% from 4.0% in November 2022. DFW Area: ECONOMIC INDICATORS NATIONAL ECONOMY FINANCIAL ACTIVITY2.9% GDP is defined as the output of goods and services produced by labor and property located in the United States, The Bureau of Labor and Economic Analysis reported that the advance estimated GDP for the 4th quarter of 2022 increased at a rate of 2.9%. In the 3rd quarter of 2022, GDP increased at a rate of 3.2%. The National Unemployment rate for January 2023 decreased to 3.4% when compared to 3.5% in December 2022. National: 5 YEAR TREND OF NEW CONSTRUCTION PERMIT VALUES $- $10,000,000 $20,000,000 $30,000,000 $40,000,000 $50,000,000 $60,000,000 $70,000,000 $80,000,000 2019*2020*2021*2022*2023* New Construction permit values *October -January City of Southlake Monthly Financial Report 2 2/15/2023 GENERAL FUND FY 2023 REVENUE FY 2023 EXPENDITURE VARIANCE Oct 535,646$ 2,824,236$ (2,288,590)$ Nov 2,430,481$ 3,685,749$ (1,255,268)$ Dec 7,290,271$ 4,388,226$ 2,902,045$ Jan 15,363,722$ 3,407,553$ 11,956,169$ Feb -$ -$ -$ Mar -$ -$ -$ Apr -$ -$ -$ May -$ -$ -$ Jun -$ -$ -$ Jul -$ -$ -$ Aug -$ -$ -$ Sep -$ -$ -$ Tot 25,620,120$ 14,305,764$ 11,314,356$ POSITIVE FY 2023 FY 2022 FY 2021 Oct 1,814,981$ 1,613,415$ 1,299,576$ Nov 1,813,575$ 1,652,674$ 1,084,677$ Dec 2,507,299$ 2,456,532$ 1,926,407$ Jan -$ 1,602,323$ 1,256,119$ Feb -$ 1,388,859$ 978,395$ Mar -$ 1,975,175$ 1,727,925$ Apr -$ 1,714,270$ 1,470,896$ May -$ 1,725,777$ 1,262,973$ Jun -$ 1,792,755$ 2,586,036$ Jul -$ 1,607,427$ 1,449,136$ Aug -$ 1,659,141$ 1,427,525$ Sep -$ 1,640,639$ 1,687,605$ Tot 6,135,855$ 20,828,987$ 18,157,270$ GENERAL FUND REVENUE VS EXPENDITURES 2022 OVERALL FUND PERFORMANCE: REVENUE ANALYSIS GENERAL FUND SALES TAX 2023-2021 COMPARISON CHART OUTLOOK: CHART OUTLOOK: The outlook for the year is positive as overall revenues and expenditures are on target with budget.The revenues are higher than expenditures by approximately $11.3M.The significant variance is due to the significant portion of property tax revenue collected (approximately 75%) of the budgeted property tax revenue which is the largest revenue sources for the general fund. Year to date sales tax collections are trending above FY 2022 (7.2%)and FY 2021 (42.3%)collections.December sales were 2.1%and 30.2%above December collections for FY 2022 and FY 2021,respectively.Year to date collections are above budget for the year therefore the outlook is considered positive. Staff will continue to closely monitor collections. POSITIVE $- $500,000 $1,000,000 $1,500,000 $2,000,000 $2,500,000 $3,000,000 FY 2023 FY 2022 FY 2021 $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep FY 2023 REVENUE FY 2023 EXPENDITURE 2022 EXPEND. City of Southlake Monthly Financial Report 3 2/15/2023 GENERAL FUND FY 2023 FY 2022 FY 2021 Oct 380,169$ 653,703$ 778,578$ Nov 2,011,080$ 2,017,203$ 1,582,957$ Dec 4,964,620$ 6,068,454$ 6,036,699$ Jan 12,756,146$ 11,588,414$ 13,167,125$ Feb -$ 5,872,247$ 4,445,041$ Mar -$ 584,684$ 411,151$ Apr -$ 554,247$ 259,058$ May -$ 151,717$ 152,945$ Jun -$ 502,344$ 389,839$ Jul *-$ (1,310,741)$ (1,365,991)$ Aug -$ 69,630$ 52,655$ Sep -$ 111,205$ 190,848$ Tot 20,112,015$ 26,863,107$ 26,100,905$ POSITIVE FY 2023 FY 2022 FY 2021 Oct 137,332$ 214,445$ 50,043$ Nov 118,803$ 185,109$ 69,734$ Dec 88,212$ 94,663$ 102,515$ Jan 231,884$ 167,045$ 88,737$ Feb -$ 111,545$ 76,270$ Mar -$ 154,046$ 150,142$ Apr -$ 277,691$ 124,870$ May -$ 788,270$ 136,364$ Jun -$ 133,244$ 158,786$ Jul -$ 192,902$ 170,985$ Aug -$ 184,578$ 217,599$ Sep -$ 154,833$ 221,982$ Tot 576,231$ 2,658,371$ 1,568,027$ PERMIT REVENUE 2023-2021 COMPARISON CHART OUTLOOK: REVENUE ANALYSIS (continued) PROPERTY TAX 3 YEAR TREND CHART OUTLOOK: As of December the 2023 YTD property tax collections ($20,112,015)are approximately 1.1%and 6.7%lower than 2022 YTD ($20,327,774)and 2021 YTD ($21,565,359),respectively.As indicated on the chart,the majority of the property tax revenue is collected in the second quarter of the fiscal year. YTD collections are trending below budget. * Net transfer of TIF revenues to TIF fund The value of new construction permits ($66.9M+)issued for FY 2023 YTD is approximately 58.8%and 104.8%higher when compared to FY 2022 and FY 2021,respectively.FY 2023 collections are 12.9%lower and 85.3% higher when compared to FY 2022 and 2021, respectively. The permit revenue year to date is trending above budget therefore the outlook is considered positive. POSITIVE $(4,000,000) $(2,000,000) $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 Oct Nov Dec Jan Feb Mar Apr May Jun Jul *Aug FY 2023 FY 2022 FY 2021 $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 Oct Nov Dec Jan Feb Mar Apr May Jun Jul Aug Sep FY 2023 FY 2022 FY 2021 City of Southlake Monthly Financial Report 4 2/15/2023 FY 2023 ACTUAL YTD (JANUARY) FY 2022 ACTUAL YTD (JANUARY) FY 2023 BUDGET YTD (JANUARY)FY 2021 % SPENT 335,558$ 336,128$ 383,900$ 87.41% 224,537$ 206,301$ 279,176$ 80.43% 2,008,976$ 1,737,633$ 2,473,469$ 81.22% 183,446$ 167,552$ 239,301$ 76.66% 6,349,854$ 5,731,154$ 7,894,095$ 80.44% 113,254$ 88,881$ 118,419$ 95.64% 747,507$ 816,982$ 1,173,109$ 63.72% 283,571$ 245,015$ 345,942$ 81.97% 865,971$ 917,775$ 1,258,373$ 68.82% 785,960$ 664,520$ 913,524$ 86.04% 1,504,361$ 1,228,741$ 1,921,844$ 78.28% 903,166$ 825,962$ 1,516,650$ 59.55% 14,306,161$ 12,966,644$ 18,517,802$ 77.26% EXPENDITURE ANALYSIS POSITIVE (51,804)$ 55,855$ 1,544,241$ 5,165$ 425,602$ 62,371$ 392,402$ CSO DPS ED FIN HR IT DEPARTMENTAL EXPENDITURES SUMMARY 18,236$ 54,639$ COMM BUDGET VARIANCE 48,342$ 464,493$ 121,440$ 275,620$ 77,204$ 1,339,517$ As indicated above,2023 expenditures are above 2022 expenditures for the same period with a increase of 10.3%primarily due to the employee compensation system moving DPS to the 80th percentile.The outlook is positive expenditures are below budgeted expenditures for the fiscal year. FY 2022/2023 YTD VARIANCE (570)$ 271,343$ 15,894$ 618,700$ 24,373$ (69,475)$ SS Totals PW CMO CS 4,211,641$ CHART OUTLOOK: 613,484$ 417,483$ 38,556$ 127,564$ PDS $- $2,000,000 $4,000,000 $6,000,000 $8,000,000 $10,000,000 $12,000,000 $14,000,000 $16,000,000 $18,000,000 CMO COMM CS CSO DPS ED FIN HR IT PDS PW SS FY 2023 ACTUAL YTD (JANUARY)FY 2022 ACTUAL YTD (JANUARY)FY 2023 BUDGET YTD (JANUARY) City of Southlake Monthly Financial Report 5 2/15/2023 The Marq Financial Review January 24, 2023 CEDC FINANCIAL DASHBOARD as ar:11240023 10-33 AM MARQ 93.53% 59.90% 156.14% Target ATT 1.34M 1.44M Revenue Expense �a�rzo22 9I31)12023 cc 68.80% 102.38% 6720% Target ATT 1.15M 1.13M Revenue Expense Net Revenue- Current & Previous Year LH 44.06% 33.50% 131.51% Target ATT 192.74K 302.84K Revenue Expense CCR ■LHR —Told Revenue LY 95p( 51K 73K 58K 50K 05K _ 9oac 46K 43K 270K 30K 48K 2R9K 257K ]5aK 27K 50K 27oC _ 250K 257K 4aaC 193K 16aK 309K 3012K 293K 302K 293K — 275K 281K 2. 235K 245K 250N 223N 228K 100K 50K a Jan 2U22 Feh 2922 Yar2(122 Apr = IIv720N Jin = Jil2022 ALq2022 Sep 2022 Od XQ] Hw 2022 Oc 2022 �n2(124 The Marq Rentals Revenue (Net) MCC-Renid-R venue LH-R—t.VRev — OON 50K 40K 30K 20K 10K . 1K Jan 2022 Feb 2R2 Mar2022 Apr 20122 May2022 Jun 2022 Ju12022 Aug 2022 Sep 2022 Oct 2022 N-2022 Oec 2022 Jai 2R23 The Marq Membership Revenue [Net] 200K 150K 10RK 50K OK Jan 2022 Feb 2022 Mar2022 Apr2022 MW2022 Jrn 2022 Ad 2022 Aug 2022 Sep2022 Oe 2022 Nov 2022 Oec2022 Jan AM 186 184 177 153 123 70 27 17 24 1 1 -1 1 1 ----- 1941 1945 1944 2001 2084 2289 2444 2506 2513 2458 2521 2585 2662 2679 2738 2827 2989 3076 3131 3197 3153 3162 3230 3291 0 100 200 300 400 500 600 1000 1500 2000 2500 3000 3500 2020-122021-012021-022021-032021-042021-052021-062021-072021-082021-102021-112021-122022-012022-022022-032022-042022-052022-062022-072022-082022-092022-102022-112022-12SuspensionsMembershipsPeriod CHAMPIONS CLUB MEMBERSHIP TRENDS JOINS TERMS JOINS TERMS JOINS TERMS JOINS TERMS FY2020 FY2021 FY2022 FY2023 ADULT 379 -360 588 -410 780 -568 203 -140 FAM 224 -414 424 -334 565 -391 141 -143 FAM-NC 479 -700 804 -698 931 -761 229 -183 SENIOR 112 -140 201 -124 274 -165 90 -55 YOUTH 82 -66 157 -115 197 -156 41 -41 TOTALS 1276 -1680 2174 -1681 2747 -2041 704 -562 NET -404 493 706 142 379 -360 588 -410 780 -568 203 -140 224 -414 424 -334 565 -391 141 -143 479 -700 804 -698 931 -761 229 -183 112 -140 201 -124 274 -165 90 -55 82 -66 157 -115 197 -156 41 -41 -3000 -2000 -1000 0 1000 2000 3000 -1000 -800 -600 -400 -200 0 200 400 600 800 1000 1200 MULTI-YEAR MEMBERSHIPS ANALYSIS BY MEMBERSHIP TYPE ADULT FAM FAM-NC SENIOR YOUTH TOTALS NET FY2023 CC Membership Terminations by Reason and by Month 100 94 1 Sc 71 Sc 40 20 1 00D000000 a Failed Payment � Oct-22 71 m Nov-22 94 m Dec-22 81 mJar�23 0 m Feb-23 0 mMar-23 0 mApr-23 0 m May-23 0 ■ Jun-23 0 r Jul-23 0 Aug-23 0 MSep-23 0 - Totals 248 % 43.8% Top Reason Given: "I am too busy." 54 2929 25 DODOODODO Not Utilizing Membership 54 29 29 0 0 0 0 0 0 0 0 0 112 19.9% 000000000 Relocating/Travel 23 0 0 0 0 a 0 0 0 0 Transfer 22 19 23 0 0 0 0 0 0 0 0 0 64 11.4% 32 OOOO11D Y _ Unsatisfied with Facility or Amenities 3 2 3 0 0 0 0 0 0 0 0 0 8 1.4% 192121 55 1_ ODOQD0 OD DOD00000D Selected other service No Reason! Other provider 5 19 5 21 1 21 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 11 61 2.0°A 10.9% Sales Tax Update Sales Tax Collections $- $100,000 $200,000 $300,000 $400,000 $500,000 $600,000 $700,000 $800,000 $900,000 $1,000,000 Three Year Revenue Comparison by Month FISCAL YEAR 2021 FISCAL YEAR 2022 Fiscal Year 2023 Questions? INVESTMENT REPORT City of Southlake October 1 to December 31, 2022 Contents Investment Management Team Scott McIntyre Senior Portfolio Manager 512.481.2009 Scott.McIntyre@HilltopSecurities.com Greg Warner Senior Portfolio Manager 512.481.2012 Greg.Warner@HilltopSecurities.com Jodi Jones Investment Reporting Manager 512.481.2076 Jodi.Jones@HilltopSecurities.com Page 2 Market Recap � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �3 Investment Officers’ Certification � � � � � � � � � � � � � � � � � � � � � � � � � � �4 Portfolio Overview � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �5 Portfolio Overview � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �6 Asset Allocation � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �7 Credit Rating Summary � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �8 Benchmark Comparison � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �9 Fund Overview � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �10 Detail of Security Holdings � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �11 Earned Income � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �13 Investment Transactions � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �15 Investment Transactions Totals � � � � � � � � � � � � � � � � � � � � � � � � � � � �16 Amortization and Accretion � � � � � � � � � � � � � � � � � � � � � � � � � � � � �17 Projected Cash Flows� � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �18 Projected Cash Flows Totals � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �20 Disclosures & Disclaimers � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � �21 City of Southlake As of December 31, 2022 Page 3 Market Recap The final month of a brutal year began with the November ISM manufacturing index slipping from 50�2 to 49�0, indicating contraction in the factory sector for the first time since the covid lockdown 2½ years ago� The ISM prices paid index tumbled from 46�6 to 43�0 as an increasing number of purchasing managers reported falling prices� Just eight months ago, the ISM price index stood at 87.1� However, Fed officials understand that inflation won’t be fully under control until the labor market is in balance� Unfortunately, the November employment report from the Bureau of Labor Statistics proved stronger-than-expected across the board� U�S� companies added +263k jobs during the month, well above the Bloomberg median forecast of +200k, while October payrolls were revised upward from +261k to +284k� The labor force participation rate slipped and the headline unemployment rate held steady at 3�7%, just a fraction above the five-decade low of 3�5%� The continued labor market tightness resulted in a +0�6% rise in average hourly earnings, pushing the year- over-year wage increase from a +4�9% to +5�1%� This prompted an immediate sell-off in the bond market, but it was an extremely volatile month and a soft CPI report (just a day before the December FOMC decision) sparked a rally that drove yields back down� The November consumer price index (CPI) proved a welcome relief for both the markets and the Fed� Headline CPI rose by just +0�1% in November after troubling +0�4% gains in the previous two months� Core CPI climbed +0�2%, the smallest monthly advance in more than a year� On an annual basis, overall CPI retreated to a +7�1% pace while the core rate slipped to +6�0%, off highs of +9�1% and +6�6% from months earlier� When focusing on more recent underlying trends, the outlook brightens significantly� Over the last five months, the increase in headline CPI has averaged just +0�2%, implying an annual inflation rate of +2�4%� Core CPI is stickier, but the +0�4% monthly average since July indicates an annualized rate below +5�0%�          It was no surprise the following day when Fed officials voted unanimously to increase the overnight rate by 50 basis points to a 4�25%-4�50% target range, following four straight 75 bps hikes� Since March, the committee has now raised the funds rate by a total of 425 bps, the most aggressive tightening pace in over 40 years� The updated December “dot plot” indicated a higher-than-expected peak rate of 5�125%, implying an additional 75 bps of hikes may still be on tap for the first quarter of 2023� After a likely pause of between nine and 12 months, the committee has signaled rate cuts of 100 bps in both 2024 and 2025, while leaving the long-term neutral rate unchanged at 2�5%� The committee’s summary of economic projections shows significantly weaker GDP, with the 2023 growth forecast trimmed from +1�2% to +0�5%� Fed officials still seem to believe skirting recession is a possibility, and the possibility seemed to increase as December drew to a close� The final reading of third quarter GDP was revised upward from +2�9% to +3�2% on stronger consumer spending, while the Atlanta Fed’s fourth quarter GDPNow measure was tracking at +3�7% just before Christmas� Fed tightening is nearing an end, but the first quarter begins (yet again) amid significant uncertainty� All eyes remain on inflation, and a good case can be made that the peak is behind us, while we’ve most likely witnessed the cycle highs in yields from two-years out�  City of Southlake As of December 31, 2022 Page 4Page 4 Investment Officers Investment Officers’ Certification This report is prepared for the City of Southlake (the “Entity”) in accordance with Chapter 2256 of the Texas Public Funds Investment Act (“PFIA”)� Section 2256�023(a) of the PFIA states that: “Not less than quarterly, the investment officer shall prepare and submit to the governing body of the entity a written report of the investment transactions for all funds covered by this chapter for the preceding reporting period� “ This report is signed by the Entity’s investment officers and includes the disclosures required in the PFIA� The investment portfolio complied with the PFIA and the Entity’s approved Investment Policy and Strategy throughout the period� All investment transactions made in the portfolio during this period were made on behalf of the Entity and were made in full compliance with the PFIA and the approved Investment Policy� Nicole Bradshaw Deputy Director of Finance Sharen Jackson Chief Financial Officer Nicole Bradshaw Sharen Jackson Page 5 City of Southlake October 1, 2022 - December 31, 2022 Page 5 Portfolio Overview Portfolio Summary Asset Allocation Prior 30 Sep-22 Current 31 Dec-22 Par Value 197,126,012�15 175,507,637�21 Original Cost 197,211,659�91 175,512,184�45 Book Value 196,827,607�21 175,373,937�99 Market Value 194,995,432�05 173,897,310�01 Accrued Interest 227,346�86 116,298�62 Book Value Plus Accrued 197,054,954�07 175,490,236�62 Market Value Plus Accrued 195,222,778�90 174,013,608�63 Net Unrealized Gain/Loss (1,832,175�17)(1,476,627�98) Prior 30 Sep-22 Current 31 Dec-22 Yield to Maturity 1�907%2�915% Yield to Worst 1�907%2�915% Years to Final Maturity 0�35 0�26 Years to Effective Maturity 0�35 0�26 Duration 0�67 0�58 Transaction Summary Transaction Type Quantity Principal Interest Total Amount Realized Gain/Loss Maturity (23,000,000�00)23,000,000�00 0�00 23,000,000�00 0�00 Coupon 0�00 0�00 277,786�32 277,786�32 0�00 1 Oct-22 to 31 Dec-22 Interest Income $1,048,363�15 Net Amortization/Accretion $164,705�72 Realized Gain/Loss $0�00 Net Income $1,213,068�88 Portfolio CharacteristicsIncome Summary City of Southlake As of December 31, 2022 Page 6 Maturity Distribution by Security Type Security Type Overnight 0-3 Months 3-6 Months 6-9 Months 9-12 Months 1-2 Years 2-3 Years 3-4 Years 4-5 Years Portfolio Total AGCY ----4,996,711�06 --4,993,814�27 --------9,990,525.33 AGCY CALL --------5,000,000�00 4,970,540�76 ------9,970,540.76 CP --4,995,311�11 14,759,270�83 ------------19,754,581.94 LGIP 98,522,637�21 ----------------98,522,637.21 MUNI ----2,543,807�79 ----4,616,544�99 ------7,160,352.78 US GOVT --7,001,788�01 5,000,074�44 12,982,574�22 4,990,863�31 --------29,975,299.97 Total 98,522,637.21 11,997,099.12 27,299,864.11 12,982,574.22 14,984,677.58 9,587,085.75 ------175,373,937.99 Portfolio Overview Top Ten Holdings Issuer Allocation TEXPOOL 27�54% United States Department of The Treasury 17�09% TEXSTAR 11�14% LONESTRGOV 7�37% LONESTRCRP 7�04% Federal Farm Credit Banks Funding Corporation 5�70% Federal Home Loan Banks 5�69% Toyota Motor Credit Corporation 5�66% Texas A&M University System Board of Regents 4�08% TXCLASS 3�09% Maturity Distribution by Security Type City of Southlake As of December 31, 2022 Page 7 Book Value Basis Security Distribution Security Type Prior Balance 30-Sep-22 Prior Allocation 30-Sep-22 Change in Allocation Current Balance 31-Dec-22 Current Allocation 31-Dec-22 Yield to Maturity AGCY 9,986,866�45 5�07%0�62%9,990,525�33 5�70%0�408% AGCY CALL 9,964,272�07 5�06%0�62%9,970,540�76 5�69%2�471% CP 27,537,070�83 13�99%(2�73%)19,754,581�94 11�26%3�527% LGIP 97,141,012�15 49�35%6�83%98,522,637�21 56�18%4�061% MUNI 7,214,299�67 3�67%0�42%7,160,352�78 4�08%0�350% US GOVT 44,984,086�05 22�85%(5�76%)29,975,299�97 17�09%0�343% Portfolio Total 196,827,607.21 100.00%175,373,937.99 100.00%2.915% Asset Allocation Asset Allocation by Security Type as of Asset Allocation by Security Type as of 30-Sep-2022 31-Dec-2022 City of Southlake As of December 31, 2022 Page 8 Credit Rating Summary Rating Distribution Allocation by Rating Book Value Portfolio Allocation Local Government Investment Pools & Money Market Funds AAA 98,522,637�21 56�18% Total Local Government Investment Pools & Money Market Funds 98,522,637.21 56.18% Short Term Rating Distribution A-1+14,836,281�94 8�46% A-1 4,918,300�00 2�80% Total Short Term Rating Distribution 19,754,581.94 11.26% Long Term Rating Distribution AAA 57,096,718�84 32�56% Total Long Term Rating Distribution 57,096,718.84 32.56% Portfolio Total 175,373,937.99 100.00% City of Southlake As of December 31, 2022 Page 9 Yield Overview Jan-21 Feb-21 Mar-21 Apr-21 May-21 Jun-21 Jul-21 Aug-21 Sep-21 Oct-21 Nov-21 Dec-21 Jan-22 Feb-22 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 City of Southlake 0.24 0.20 0.09 0.09 0.09 0.08 0.09 0.09 0.09 0.11 0.13 0.16 0.16 0.21 0.29 0.44 0.59 0.79 1.10 1.49 1.91 2.23 2.64 2.92 6 Month CMT 0�11 0�10 0�08 0�07 0�06 0�05 0�05 0�05 0�05 0�05 0�06 0�07 0�12 0�21 0�34 0�54 0�78 1�12 1�55 1�96 2�43 2�93 3�45 3�87 1 Year CMT 0�25 0�15 0�13 0�12 0�11 0�10 0�09 0�09 0�08 0�08 0�09 0�10 0�14 0�21 0�32 0�47 0�64 0�85 1�10 1�37 1�68 2�05 2�42 2�79 TexPool 0�08 0�04 0�02 0�01 0�01 0�01 0�02 0�02 0�03 0�04 0�04 0�04 0�04 0�06 0�15 0�30 0�62 1�00 1�52 2�16 2�41 2�93 3�61 3�98 Benchmark Comparison Page 10 City of Southlake October 1, 2022 - December 31, 2022 Fund Overview Fund Name Prior Book Value Prior Market Value Changes to Market Value Current Book Value Current Market Value Net Income Days to Final Mty YTM YTW General Operating 196,827,607�21 194,995,432�05 (21,098,122�04)175,373,937�99 173,897,310�01 1,213,068�88 95 2�915%2�915% Total 196,827,607.21 194,995,432.05 (21,098,122.04)175,373,937.99 173,897,310.01 1,213,068.88 95 2.915%2.915% City of Southlake As of December 31, 2022 Page 11 Detail of Security Holdings CUSIP Settle Date Security Type Security Description CPN Maturity Date Next Call Date Call Type Par Value Purch Price Original Cost Book Value Mkt Price Market Value Days to Mty Days to Call YTM YTW Rating General Operating LNSTCRP LGIP LoneStar Corp O/N 12/31/22 12,353,821�73 100�000 12,353,821�73 12,353,821�73 100�000 12,353,821�73 1 4�390 4�390 AAA LNSTGOV LGIP LoneStar Gov O/N 12/31/22 12,920,954�35 100�000 12,920,954�35 12,920,954�35 100�000 12,920,954�35 1 4�085 4�085 AAA TEXPOOL LGIP TexPool 12/31/22 48,295,217�12 100�000 48,295,217�12 48,295,217�12 100�000 48,295,217�12 1 3�980 3�980 AAA TEXSTAR LGIP TexSTAR 12/31/22 19,540,343�55 100�000 19,540,343�55 19,540,343�55 100�000 19,540,343�55 1 3�968 3�968 AAA TXCLASS LGIP Texas CLASS 12/31/22 5,412,300�46 100�000 5,412,300�46 5,412,300�46 100�000 5,412,300�46 1 4�317 4�317 AAA 89233HNH3 04/25/22 CP Toyota Motor Credit Corporation 0�000 01/17/23 5,000,000�00 98�435 4,921,754�17 4,995,311�11 99�780 4,988,975�00 17 2�138 2�138 A-1+ 91282CBG5 02/02/22 US GOVT UNITED STATES TREASURY 0�125 01/31/23 2,000,000�00 99�344 1,986,875�00 1,998,922�31 99�656 1,993,125�00 31 0�789 0�789 AAA 912828ZD5 10/15/21 US GOVT UNITED STATES TREASURY 0�500 03/15/23 5,000,000�00 100�402 5,020,117�20 5,002,865�70 99�219 4,960,937�50 74 0�215 0�215 AAA 912828ZH6 10/14/21 US GOVT UNITED STATES TREASURY 0�250 04/15/23 5,000,000�00 100�008 5,000,390�65 5,000,074�44 98�781 4,939,062�50 105 0�245 0�245 AAA 89233HSC9 08/22/22 CP Toyota Motor Credit Corporation 0�000 05/12/23 5,000,000�00 97�392 4,869,595�83 4,935,045�83 98�217 4,910,835�00 132 3�650 3�650 A-1+ 8821356W1 10/28/20 MUNI BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 5�000 05/15/23 05/15/23 Continuous 2,500,000�00 112�026 2,800,650�00 2,543,807�79 100�869 2,521,725�00 135 135 0�260 0�260 AAA 46640QT27 09/08/22 CP J�P� Morgan Securities LLC 0�000 06/02/23 5,000,000�00 97�130 4,856,487�50 4,918,300�00 97�900 4,894,975�00 153 3�965 3�965 A-1 78009BT93 09/15/22 CP Royal Bank of Canada 0�000 06/09/23 5,000,000�00 96�840 4,842,025�00 4,905,925�00 97�886 4,894,285�00 160 4�376 4�376 A-1+ 3133EMH96 06/25/21 AGCY FEDERAL FARM CREDIT BANKS FUNDING CORP 0�125 06/14/23 5,000,000�00 99�713 4,985,650�00 4,996,711�06 97�931 4,896,535�00 165 0�271 0�271 AAA 912828ZY9 12/15/21 US GOVT UNITED STATES TREASURY 0�125 07/15/23 5,000,000�00 99�359 4,967,968�75 4,989,094�17 97�562 4,878,125�00 196 0�532 0�532 AAA 91282CCU3 08/31/21 US GOVT UNITED STATES TREASURY 0�125 08/31/23 4,000,000�00 99�766 3,990,625�00 3,996,900�69 96�984 3,879,375�00 243 0�243 0�243 AAA 91282CAK7 08/26/21 US GOVT UNITED STATES TREASURY 0�125 09/15/23 4,000,000�00 99�750 3,990,000�00 3,996,579�36 96�859 3,874,375�00 258 0�247 0�247 AAA 91282CAP6 10/14/21 US GOVT UNITED STATES TREASURY 0�125 10/15/23 5,000,000�00 99�535 4,976,757�80 4,990,863�31 96�469 4,823,437�50 288 0�358 0�358 AAA 3133ENDR8 11/15/21 AGCY FEDERAL FARM CREDIT BANKS FUNDING CORP 0�400 11/09/23 5,000,000�00 99�713 4,985,665�00 4,993,814�27 96�272 4,813,580�00 313 0�545 0�545 AAA 3130AQAF0 12/22/21 AGCY CALL FEDERAL HOME LOAN BANKS 0�800 12/22/23 03/22/23 Quarterly 5,000,000�00 100�000 5,000,000�00 5,000,000�00 96�147 4,807,330�00 356 81 0�800 0�800 AAA 3130ASXL8 09/16/22 AGCY CALL FEDERAL HOME LOAN BANKS 3�625 02/28/24 02/28/23 Quarterly 5,000,000�00 99�265 4,963,250�00 4,970,540�76 98�684 4,934,180�00 424 59 4�151 4�151 AAA 88213AKB0 09/29/20 MUNI BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 2�549 05/15/24 4,485,000�00 107�731 4,831,735�35 4,616,544�99 97�298 4,363,815�30 501 0�400 0�400 AAA City of Southlake As of December 31, 2022 Page 12 Detail of Security Holdings CUSIP Settle Date Security Type Security Description CPN Maturity Date Next Call Date Call Type Par Value Purch Price Original Cost Book Value Mkt Price Market Value Days to Mty Days to Call YTM YTW Rating Total General Operating 175,507,637.21 175,512,184.45 175,373,937.99 173,897,310.01 95 83 2.915 2.915 Grand Total 175,507,637.21 175,512,184.45 175,373,937.99 173,897,310.01 95 83 2.915 2.915 Page 13 City of Southlake October 1, 2022 - December 31, 2022 Earned Income CUSIP Security Type Security Description Beginning Accrued Interest Earned Interest Rec'd/ Sold/Matured Interest Purchased Ending Accrued Disc Accr/Prem Amort Net Realized Gain/Loss Net Income General Operating 912828YK0 US GOVT UNITED STATES TREASURY 1�375 10/15/2022 31,745�22 2,629�78 34,375�00 0�00 0�00 (1,272�90)0�00 1,356�88 912828TY6 US GOVT UNITED STATES TREASURY 1�625 11/15/2022 30,689�54 9,935�46 40,625�00 0�00 0�00 (9,236�31)0�00 699�15 92181PM17 CP Vanderbilt University 0�0 12/01/2022 0�00 0�00 0�00 0�00 0�00 5,591�67 0�00 5,591�67 91512DME8 CP University of Texas - Permanent University Fund 0�0 12/14/2022 0�00 0�00 0�00 0�00 0�00 35,458�34 0�00 35,458�34 912828YW4 US GOVT UNITED STATES TREASURY 1�625 12/15/2022 23,975�41 16,649�59 40,625�00 0�00 0�00 (8,321�63)0�00 8,327�96 LNSTCRP LGIP LoneStar Corp O/N 0�0 12/31/2022 0�00 118,952�96 118,952�96 0�00 0�00 0�00 0�00 118,952�96 LNSTGOV LGIP LoneStar Gov O/N 0�0 12/31/2022 0�00 117,475�42 117,475�42 0�00 0�00 0�00 0�00 117,475�42 TEXPOOL LGIP TexPool 0�0 12/31/2022 0�00 424,250�87 424,250�87 0�00 0�00 0�00 0�00 424,250�87 TEXSTAR LGIP TexSTAR 0�0 12/31/2022 0�00 169,365�89 169,365�89 0�00 0�00 0�00 0�00 169,365�89 TXCLASS LGIP Texas CLASS 0�0 12/31/2022 0�00 51,579�92 51,579�92 0�00 0�00 0�00 0�00 51,579�92 89233HNH3 CP Toyota Motor Credit Corporation 0�0 01/17/2023 0�00 0�00 0�00 0�00 0�00 26,961�11 0�00 26,961�11 91282CBG5 US GOVT UNITED STATES TREASURY 0�125 01/31/2023 421�20 625�00 0�00 0�00 1,046�20 3,304�90 0�00 3,929�90 912828ZD5 US GOVT UNITED STATES TREASURY 0�5 03/15/2023 1,104�97 6,353�59 0�00 0�00 7,458�56 (3,611�56)0�00 2,742�03 912828ZH6 US GOVT UNITED STATES TREASURY 0�25 04/15/2023 5,771�86 3,156�71 6,250�00 0�00 2,678�57 (65�78)0�00 3,090�93 89233HSC9 CP Toyota Motor Credit Corporation 0�0 05/12/2023 0�00 0�00 0�00 0�00 0�00 45,616�67 0�00 45,616�67 8821356W1 MUNI BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 5�0 05/15/2033 47,222�22 31,250�00 62,500�00 0�00 15,972�22 (29,818�34)0�00 1,431�66 46640QT27 CP J�P� Morgan Securities LLC 0�0 06/02/2023 0�00 0�00 0�00 0�00 0�00 49,450�00 0�00 49,450�00 78009BT93 CP Royal Bank of Canada 0�0 06/09/2023 0�00 0�00 0�00 0�00 0�00 54,433�33 0�00 54,433�33 3133EMH96 AGCY FEDERAL FARM CREDIT BANKS FUNDING CORP 0�125 06/14/2023 1,857�64 1,562�50 3,125�00 0�00 295�14 1,834�91 0�00 3,397�41 912828ZY9 US GOVT UNITED STATES TREASURY 0�125 07/15/2023 1,324�73 1,562�50 0�00 0�00 2,887�23 5,054�87 0�00 6,617�37 91282CCU3 US GOVT UNITED STATES TREASURY 0�125 08/31/2023 428�18 1,270�72 0�00 0�00 1,698�90 1,191�95 0�00 2,462�66 91282CAK7 US GOVT UNITED STATES TREASURY 0�125 09/15/2023 220�99 1,270�72 0�00 0�00 1,491�71 1,237�88 0�00 2,508�60 91282CAP6 US GOVT UNITED STATES TREASURY 0�125 10/15/2023 2,885�93 1,578�36 3,125�00 0�00 1,339�29 2,932�49 0�00 4,510�85 3133ENDR8 AGCY FEDERAL FARM CREDIT BANKS FUNDING CORP 0�4 11/09/2023 7,888�89 5,000�00 10,000�00 0�00 2,888�89 1,823�97 0�00 6,823�97 3130AQAF0 AGCY CALL FEDERAL HOME LOAN BANKS 0�8 12/22/2023 11,000�00 10,000�00 20,000�00 0�00 1,000�00 0�00 0�00 10,000�00 3130ASXL8 AGCY CALL FEDERAL HOME LOAN BANKS 3�625 02/28/2024 17,621�53 45,312�50 0�00 0�00 62,934�03 6,268�69 0�00 51,581�19 Page 14 City of Southlake October 1, 2022 - December 31, 2022 Earned Income CUSIP Security Type Security Description Beginning Accrued Interest Earned Interest Rec'd/ Sold/Matured Interest Purchased Ending Accrued Disc Accr/Prem Amort Net Realized Gain/Loss Net Income 88213AKB0 MUNI BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 2�549 05/15/2024 43,188�56 28,580�66 57,161�32 0�00 14,607�89 (24,128�55)0�00 4,452�11 Total General Operating 227,346.86 1,048,363.15 1,159,411.38 0.00 116,298.62 164,705.72 0.00 1,213,068.88 Grand Total 227,346.86 1,048,363.15 1,159,411.38 0.00 116,298.62 164,705.72 0.00 1,213,068.88 Page 15 City of Southlake October 1, 2022 - December 31, 2022 Investment Transactions CUSIP Trade Date Settle Date Security Type Security Description Coupon Maturity Date Call Date Par Value Price Principal Amount Interest Purchased/ Received Total Amount Realized Gain/Loss YTM YTW General Operating Coupon 912828YK0 10/15/22 10/15/22 US GOVT UNITED STATES TREASURY 1�375 10/15/22 0�00 0�00 34,375�00 34,375�00 0�00 ---- 912828ZH6 10/15/22 10/15/22 US GOVT UNITED STATES TREASURY 0�250 04/15/23 0�00 0�00 6,250�00 6,250�00 0�00 ---- 91282CAP6 10/15/22 10/15/22 US GOVT UNITED STATES TREASURY 0�125 10/15/23 0�00 0�00 3,125�00 3,125�00 0�00 ---- 3133ENDR8 11/09/22 11/09/22 AGCY FEDERAL FARM CREDIT BANKS FUNDING CORP 0�400 11/09/23 0�00 0�00 10,000�00 10,000�00 0�00 ---- 8821356W1 11/15/22 11/15/22 MUNI BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 5�000 05/15/23 05/15/23 0�00 0�00 62,500�00 62,500�00 0�00 ---- 912828TY6 11/15/22 11/15/22 US GOVT UNITED STATES TREASURY 1�625 11/15/22 0�00 0�00 40,625�00 40,625�00 0�00 ---- 88213AKB0 11/15/22 11/15/22 MUNI BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 2�549 05/15/24 0�00 0�00 57,161�32 57,161�32 0�00 ---- 3133EMH96 12/14/22 12/14/22 AGCY FEDERAL FARM CREDIT BANKS FUNDING CORP 0�125 06/14/23 0�00 0�00 3,125�00 3,125�00 0�00 ---- 912828YW4 12/15/22 12/15/22 US GOVT UNITED STATES TREASURY 1�625 12/15/22 0�00 0�00 40,625�00 40,625�00 0�00 ---- 3130AQAF0 12/22/22 12/22/22 AGCY CALL FEDERAL HOME LOAN BANKS 0�800 12/22/23 03/22/23 0�00 0�00 20,000�00 20,000�00 0�00 ---- Total Coupon 0.00 0.00 277,786.32 277,786.32 0.00 Maturity 912828YK0 10/15/22 10/15/22 US GOVT UNITED STATES TREASURY 1�375 10/15/22 (5,000,000�00)100�000 5,000,000�00 0�00 5,000,000�00 0�00 ---- 912828TY6 11/15/22 11/15/22 US GOVT UNITED STATES TREASURY 1�625 11/15/22 (5,000,000�00)100�000 5,000,000�00 0�00 5,000,000�00 0�00 ---- 92181PM17 12/01/22 12/01/22 CP Vanderbilt University 0�000 12/01/22 (3,000,000�00)100�000 3,000,000�00 0�00 3,000,000�00 0�00 ---- 91512DME8 12/14/22 12/14/22 CP University of Texas - Permanent University Fund 0�000 12/14/22 (5,000,000�00)100�000 5,000,000�00 0�00 5,000,000�00 0�00 ---- 912828YW4 12/15/22 12/15/22 US GOVT UNITED STATES TREASURY 1�625 12/15/22 (5,000,000�00)100�000 5,000,000�00 0�00 5,000,000�00 0�00 ---- Total Maturity (23,000,000.00)23,000,000.00 0.00 23,000,000.00 0.00 Page 16 City of Southlake October 1, 2022 - December 31, 2022 Investment Transactions Totals Transaction Type Quantity Principal Amount Interest Total Amount Realized G/L YTM YTW Total Maturity (23,000,000�00)23,000,000�00 0�00 23,000,000�00 0�00 1�403 1�403 Total Coupon 0�00 0�00 277,786�32 277,786�32 0�00 Page 17 City of Southlake October 1, 2022 - December 31, 2022 Amortization and Accretion CUSIP Settle Date Security Type Security Description Purchase Qty Orig Price Original Cost Amort/Accr for Period Total Amort/Accr Since Purch Remaining Disc/ Premium Ending Book Value General Operating 912828YK0 02/10/22 US GOVT UNITED STATES TREASURY 1�375 10/15/2022 0�00 0�000 0�00 (1,272�90)0�00 0�00 0�00 912828TY6 09/28/21 US GOVT UNITED STATES TREASURY 1�625 11/15/2022 0�00 0�000 0�00 (9,236�31)0�00 0�00 0�00 92181PM17 03/09/22 CP Vanderbilt University 0�0 12/01/2022 0�00 0�000 0�00 5,591�67 0�00 0�00 0�00 91512DME8 09/29/22 CP University of Texas - Permanent University Fund 0�0 12/14/2022 0�00 0�000 0�00 35,458�34 0�00 0�00 0�00 912828YW4 02/10/22 US GOVT UNITED STATES TREASURY 1�625 12/15/2022 0�00 0�000 0�00 (8,321�63)0�00 0�00 0�00 89233HNH3 04/25/22 CP Toyota Motor Credit Corporation 0�0 01/17/2023 5,000,000�00 98�435 4,921,754�17 26,961�11 73,556�94 (4,688�89)4,995,311�11 91282CBG5 02/02/22 US GOVT UNITED STATES TREASURY 0�125 01/31/2023 2,000,000�00 99�344 1,986,875�00 3,304�90 12,047�31 (1,077�69)1,998,922�31 912828ZD5 10/15/21 US GOVT UNITED STATES TREASURY 0�5 03/15/2023 5,000,000�00 100�402 5,020,117�20 (3,611�56)(17,251�50)2,865�70 5,002,865�70 912828ZH6 10/14/21 US GOVT UNITED STATES TREASURY 0�25 04/15/2023 5,000,000�00 100�008 5,000,390�65 (65�78)(316�22)74�44 5,000,074�44 89233HSC9 08/22/22 CP Toyota Motor Credit Corporation 0�0 05/12/2023 5,000,000�00 97�392 4,869,595�83 45,616�67 65,450�00 (64,954�17)4,935,045�83 8821356W1 10/28/20 MUNI BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 5�0 05/15/2033 2,500,000�00 112�026 2,800,650�00 (29,818�34)(256,842�21)43,807�79 2,543,807�79 46640QT27 09/08/22 CP J�P� Morgan Securities LLC 0�0 06/02/2023 5,000,000�00 97�130 4,856,487�50 49,450�00 61,812�50 (81,700�00)4,918,300�00 78009BT93 09/15/22 CP Royal Bank of Canada 0�0 06/09/2023 5,000,000�00 96�840 4,842,025�00 54,433�33 63,900�00 (94,075�00)4,905,925�00 3133EMH96 06/25/21 AGCY FEDERAL FARM CREDIT BANKS FUNDING CORP 0�125 06/14/2023 5,000,000�00 99�713 4,985,650�00 1,834�91 11,061�06 (3,288�94)4,996,711�06 912828ZY9 12/15/21 US GOVT UNITED STATES TREASURY 0�125 07/15/2023 5,000,000�00 99�359 4,967,968�75 5,054�87 21,125�42 (10,905�83)4,989,094�17 91282CCU3 08/31/21 US GOVT UNITED STATES TREASURY 0�125 08/31/2023 4,000,000�00 99�766 3,990,625�00 1,191�95 6,275�69 (3,099�31)3,996,900�69 91282CAK7 08/26/21 US GOVT UNITED STATES TREASURY 0�125 09/15/2023 4,000,000�00 99�750 3,990,000�00 1,237�88 6,579�36 (3,420�64)3,996,579�36 91282CAP6 10/14/21 US GOVT UNITED STATES TREASURY 0�125 10/15/2023 5,000,000�00 99�535 4,976,757�80 2,932�49 14,105�51 (9,136�69)4,990,863�31 3133ENDR8 11/15/21 AGCY FEDERAL FARM CREDIT BANKS FUNDING CORP 0�4 11/09/2023 5,000,000�00 99�713 4,985,665�00 1,823�97 8,149�28 (6,185�73)4,993,814�27 3130AQAF0 12/22/21 AGCY CALL FEDERAL HOME LOAN BANKS 0�8 12/22/2023 5,000,000�00 100�000 5,000,000�00 0�00 0�00 0�00 5,000,000�00 3130ASXL8 09/16/22 AGCY CALL FEDERAL HOME LOAN BANKS 3�625 02/28/2024 5,000,000�00 99�265 4,963,250�00 6,268�69 7,290�76 (29,459�24)4,970,540�76 88213AKB0 09/29/20 MUNI BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 2�549 05/15/2024 4,485,000�00 107�731 4,831,735�35 (24,128�55)(215,190�36)131,544�99 4,616,544�99 Total General Operating 76,985,000.00 76,989,547.24 164,705.72 (138,246.46)(133,699.22)76,851,300.78 Grand Total 76,985,000.00 76,989,547.24 164,705.72 (138,246.46)(133,699.22)76,851,300.78 Page 18 City of Southlake December 31, 2022 to December 31, 2023 Projected Cash Flows CUSIP Security Description Post Date Interest Principal Total Amount General Operating 912828ZY9 UNITED STATES TREASURY 0�125 07/15/2023 01/17/23 3,125�00 3,125�00 89233HNH3 Toyota Motor Credit Corporation 0�0 01/17/2023 01/17/23 5,000,000�00 5,000,000�00 91282CBG5 UNITED STATES TREASURY 0�125 01/31/2023 01/31/23 1,250�00 1,250�00 91282CBG5 UNITED STATES TREASURY 0�125 01/31/2023 01/31/23 2,000,000�00 2,000,000�00 3130ASXL8 FEDERAL HOME LOAN BANKS 3�625 02/28/2024 02/28/23 91,631�94 91,631�94 91282CCU3 UNITED STATES TREASURY 0�125 08/31/2023 02/28/23 2,500�00 2,500�00 912828ZD5 UNITED STATES TREASURY 0�5 03/15/2023 03/15/23 12,500�00 12,500�00 912828ZD5 UNITED STATES TREASURY 0�5 03/15/2023 03/15/23 5,000,000�00 5,000,000�00 91282CAK7 UNITED STATES TREASURY 0�125 09/15/2023 03/15/23 2,500�00 2,500�00 912828ZH6 UNITED STATES TREASURY 0�25 04/15/2023 04/17/23 6,250�00 6,250�00 912828ZH6 UNITED STATES TREASURY 0�25 04/15/2023 04/17/23 5,000,000�00 5,000,000�00 91282CAP6 UNITED STATES TREASURY 0�125 10/15/2023 04/17/23 3,125�00 3,125�00 3133ENDR8 FEDERAL FARM CREDIT BANKS FUNDING CORP 0�4 11/09/2023 05/09/23 10,000�00 10,000�00 89233HSC9 Toyota Motor Credit Corporation 0�0 05/12/2023 05/12/23 5,000,000�00 5,000,000�00 8821356W1 BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 5�0 05/15/2033 05/15/23 62,500�00 62,500�00 8821356W1 BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 5�0 05/15/2033 05/15/23 2,500,000�00 2,500,000�00 88213AKB0 BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 2�549 05/15/2024 05/15/23 57,161�32 57,161�32 46640QT27 J�P� Morgan Securities LLC 0�0 06/02/2023 06/02/23 5,000,000�00 5,000,000�00 78009BT93 Royal Bank of Canada 0�0 06/09/2023 06/09/23 5,000,000�00 5,000,000�00 3133EMH96 FEDERAL FARM CREDIT BANKS FUNDING CORP 0�125 06/14/2023 06/14/23 3,125�00 3,125�00 3133EMH96 FEDERAL FARM CREDIT BANKS FUNDING CORP 0�125 06/14/2023 06/14/23 5,000,000�00 5,000,000�00 3130AQAF0 FEDERAL HOME LOAN BANKS 0�8 12/22/2023 06/22/23 20,000�00 20,000�00 912828ZY9 UNITED STATES TREASURY 0�125 07/15/2023 07/17/23 3,125�00 3,125�00 912828ZY9 UNITED STATES TREASURY 0�125 07/15/2023 07/17/23 5,000,000�00 5,000,000�00 3130ASXL8 FEDERAL HOME LOAN BANKS 3�625 02/28/2024 08/28/23 90,625�00 90,625�00 91282CCU3 UNITED STATES TREASURY 0�125 08/31/2023 08/31/23 2,500�00 2,500�00 91282CCU3 UNITED STATES TREASURY 0�125 08/31/2023 08/31/23 4,000,000�00 4,000,000�00 91282CAK7 UNITED STATES TREASURY 0�125 09/15/2023 09/15/23 2,500�00 2,500�00 91282CAK7 UNITED STATES TREASURY 0�125 09/15/2023 09/15/23 4,000,000�00 4,000,000�00 91282CAP6 UNITED STATES TREASURY 0�125 10/15/2023 10/16/23 3,125�00 3,125�00 Page 19 City of Southlake December 31, 2022 to December 31, 2023 Projected Cash Flows CUSIP Security Description Post Date Interest Principal Total Amount 91282CAP6 UNITED STATES TREASURY 0�125 10/15/2023 10/16/23 5,000,000�00 5,000,000�00 3133ENDR8 FEDERAL FARM CREDIT BANKS FUNDING CORP 0�4 11/09/2023 11/09/23 10,000�00 10,000�00 3133ENDR8 FEDERAL FARM CREDIT BANKS FUNDING CORP 0�4 11/09/2023 11/09/23 5,000,000�00 5,000,000�00 88213AKB0 BOARD OF REGENTS TEXAS A & M UNIVERSITY SYSTEM 2�549 05/15/2024 11/15/23 57,161�32 57,161�32 3130AQAF0 FEDERAL HOME LOAN BANKS 0�8 12/22/2023 12/22/23 20,000�00 20,000�00 3130AQAF0 FEDERAL HOME LOAN BANKS 0�8 12/22/2023 12/22/23 5,000,000�00 5,000,000�00 Grand Total 464,704.59 67,500,000.00 67,964,704.59 Page 20 City of Southlake December 31, 2022 to December 31, 2023 Month and Year Interest Principal Total Amount January 2023 4,375�00 7,000,000�00 7,004,375�00 February 2023 94,131�94 94,131�94 March 2023 15,000�00 5,000,000�00 5,015,000�00 April 2023 9,375�00 5,000,000�00 5,009,375�00 May 2023 129,661�32 7,500,000�00 7,629,661�32 June 2023 23,125�00 15,000,000�00 15,023,125�00 July 2023 3,125�00 5,000,000�00 5,003,125�00 August 2023 93,125�00 4,000,000�00 4,093,125�00 September 2023 2,500�00 4,000,000�00 4,002,500�00 October 2023 3,125�00 5,000,000�00 5,003,125�00 November 2023 67,161�32 5,000,000�00 5,067,161�32 December 2023 20,000�00 5,000,000�00 5,020,000�00 Total 464,704.59 67,500,000.00 67,964,704.59 Projected Cash Flows Totals City of Southlake As of December 31, 2022 Page 21 Disclosures & Disclaimers As a courtesy to investors this information: (1) is provided for informational purposes only; (2) should not be construed as an offer to sell or a solicitation of an offer to buy any security; and (3) does not 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