For any inquiries regarding the College's investments please contact:
Mary G. Elizondo, CPA, MBA
Comptroller
South Texas College
Business Office
3201 W. Pecan Ave.
McAllen, TX 78501
email: marye@southtexascollege.edu
Telephone No. (956) 872-4646
Fax No. (956) 872-4647
Investment Position of the Entity as of February 29, 2008
Type of Deposit at
Texas State Bank
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Beginning
Market Value
December 1, 2007
Fund
MM/CD
No.
Maturity
Date
Interest
Rate
Operating
Endowment
Endowment - Futuro Brillante
Construction - E&G Transfer
Construction - E&G Transfer
Interest & Sinking - Bond 96
Interest & Sinking LTR - Bond 07
Interest & Sinking MTR - Bond 07
2432022
2286837
3068370
2495400
3780999
2417955
3742047
3742065
03/01/08
09/01/08
09/01/08
03/01/08
03/01/08
05/01/08
05/01/08
05/01/08
4.41%
4.44%
4.44%
4.41%
3.21%
2.05%
2.05%
2.05%
$
3.38%
$
Total Investments at February 29, 2008
Principal
Additions
& (Deductions)
33,881,137.81
15,309.29
202,323.03
12,678,180.35
12,174,520.32
211,586.03
136,075.53
15,069.72
$
59,314,202.08
$
5,000,000.00 $
(167.69)
2,500,000.00
7,499,832.31
The difference between the beginning and ending market value is a result of accrued and earned interest and transfers to or from money market bank accounts.
For the Period of
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Certificate of Deposit
Fund
MM/CD
No.
Operating
Endowment
Endowment - Futuro Brillante
Construction - E&G Transfer
Construction - E&G Transfer
Interest & Sinking - Bond 96
Interest & Sinking LTR - Bond 07
Interest & Sinking MTR - Bond 07
2432022
2286837
3068370
2495400
3780999
2417955
3742047
3742065
Total Interest Earned - December 1, 2007 through February 29, 2008
*Includes Accrued Interest
Interest Earned *
January
December
125,521.03
57.10
762.95
46,953.35
33,198.77
748.69
486.59
53.89
$
207,782.37
February
129,387.33
57.10
765.83
50,880.06
33,273.01
748.69
488.29
54.02
$
215,654.33
December 1, 2007
through February 29, 2008
131,921.54
53.45
719.12
52,683.69
31,217.28
347.06
223.29
24.72
$
217,190.15
386,829.90
167.65
2,247.90
150,517.10
97,689.06
1,844.44
1,198.17
132.63
$
$
Ending
Market Value
February 29, 2008
386,829.90
167.65
2,247.90
150,517.10
97,689.06
1,844.44
1,198.17
132.63
$
39,267,967.71
15,309.25
204,570.93
15,328,697.45
12,272,209.38
213,430.47
137,273.70
15,202.35
640,626.85
$
67,454,661.24
#REF!
#REF!
Payroll
Type of Deposit at
Texas State Bank
Interest Earned
640,626.85
The depository funds at Texas State Bank are collateralized by the following securities:
Security Type
ALAMO HEIGHTS TX IS
BELLAIRE TX
CNP UTIL DIST TEX
DEER PARK TX
FHLMC
FHLMC
FHLMC (1 X CALL 9/22/06)
FHLMC (1 X CALL 9/22/06)
FHLB DISCOUNT NOTE
FHLB DISCOUNT NOTE
FHLB DISCOUNT NOTE
FHLB DISCOUNT NOTE
FEDERAL HOME LOAN BANK
FHLB
FHLB
FHLB
FHLB INTEREST AT MATURITY
FHLB
FHLB
FHLMC
FHLMC
FNMA
FNMA
FNMA (NON-CALLABLE)
FNMA
FEDERAL NATIONAL MORTGAGE
FNMA (NON-CALLABLE)
FNMA
FNMA
FNMA
FNMA (1 X CALL 10/24/06)
FHLMC
HARRIS CNTY TEX MU
PROGRESO TEX ISD
RICE TEX ISD
TULOSO MIDWAY TX ISD
WALLER TX ISD
WOODLANDS METRO
FNMA (1 X CALL 12/30/05)
FHLMC
Subtotal
Cusip No.
011338KN9
078275UE2
126133KZ9
244109ZG2
3128X1FB8
3128X3BQ5
3128X3WY5
3128X3WY5
313384WQ8
313384WQ8
313384WQ8
313384WQ8
3133MGVB9
3133XDTB7
3133X3YY3
3133XBTH8
3133XPQW7
3133XC4D2
3133XJWS3
3134A4VB7
3134A4FM1
31359MRW5
31359MRW5
31359MSQ7
31359MTF0
31359MTF0
31359MTZ6
31359MX40
31359MXL2
3136F4BT0
3136F4PV0
3137EAAB5
413952EK4
743259FZ1
762829DG1
899474JP6
932493BL2
979686JE3
3136F6SG5
3134A35H5
Coupon Rate
4.40%
3.70%
4.00%
3.25%
3.10%
3.50%
4.00%
4.00%
0.00%
0.00%
0.00%
0.00%
5.50%
4.88%
3.50%
4.25%
2.55%
4.10%
5.13%
4.13%
6.00%
2.88%
2.88%
3.25%
3.75%
3.75%
3.25%
5.00%
4.00%
4.10%
3.75%
5.13%
4.00%
5.75%
4.00%
3.75%
4.00%
3.75%
3.80%
6.88%
Maturity Date
07/01/13
02/15/18
04/01/21
03/15/11
05/27/08
04/28/08
09/22/09
09/22/09
05/09/08
05/09/08
05/09/08
05/09/08
08/15/08
12/14/12
02/13/09
06/11/10
08/15/08
06/13/08
08/21/08
07/12/10
06/15/11
05/19/08
05/19/08
08/15/08
09/15/08
09/15/08
02/15/09
09/15/08
01/26/09
08/28/08
10/24/08
04/18/11
06/01/20
02/15/10
02/15/18
02/15/19
02/15/18
04/01/13
06/30/08
09/15/10
$
Book Value
Fair Value
Par
February 29, 2008
February 29, 2008
160,000.00 $
160,000.00 $
162,024.00
50,000.00
50,000.00
47,647.00
835,000.00
835,000.00
748,853.05
265,000.00
265,000.00
264,732.35
2,000,000.00
2,000,000.00
2,001,400.00
800,000.00
800,000.00
800,800.00
9,000,000.00
9,000,000.00
9,236,700.00
2,500,000.00
2,500,000.00
2,565,750.00
2,500,000.00
2,500,000.00
2,488,250.00
3,000,000.00
3,000,000.00
2,985,900.00
1,000,000.00
1,000,000.00
995,300.00
1,700,000.00
1,700,000.00
1,692,010.00
500,000.00
500,000.00
506,200.00
20,000,000.00
20,000,000.00
21,368,000.00
2,500,000.00
2,500,000.00
2,526,500.00
1,200,000.00
1,200,000.00
1,247,160.00
9,000,000.00
9,000,000.00
8,994,600.00
3,000,000.00
3,000,000.00
3,010,500.00
3,600,000.00
3,600,000.00
3,641,400.00
1,500,000.00
1,500,000.00
1,554,900.00
2,500,000.00
2,500,000.00
2,739,000.00
3,000,000.00
3,000,000.00
3,000,000.00
5,000,000.00
5,000,000.00
5,000,000.00
1,935,000.00
1,935,000.00
1,940,031.00
5,000,000.00
5,000,000.00
5,031,500.00
1,000,000.00
1,000,000.00
1,006,300.00
1,000,000.00
1,000,000.00
1,008,400.00
4,000,000.00
4,000,000.00
4,058,400.00
1,500,000.00
1,500,000.00
1,521,450.00
2,600,000.00
2,600,000.00
2,618,980.00
1,000,000.00
1,000,000.00
1,007,900.00
6,000,000.00
6,000,000.00
6,421,200.00
700,000.00
700,000.00
672,805.00
35,000.00
35,000.00
36,899.10
50,000.00
50,000.00
49,330.50
1,150,000.00
1,150,000.00
1,092,822.00
1,260,000.00
1,260,000.00
1,243,128.60
590,000.00
590,000.00
586,005.70
1,000,000.00
1,000,000.00
1,003,000.00
2,600,000.00
2,600,000.00
2,868,060.00
107,030,000.00
107,030,000.00
109,743,838.30
103,430,000.00
103,430,000.00
105,872,778.30
Continued
The depository funds at Texas State Bank are collateralized by the following securities:
Security
Type
Cusip No.
KEMP TEX INDPT SCH DIST
488386FMO
Subtotal
FDIC - Money Market Accts
FDIC - Certificate of Deposits
Total Collateralized Securities as of February 29, 2008
Coupon
Rate
4.00%
Maturity Date
08/15/16
Par
370,000.00
370,000.00
$
107,400,000.00
Book Value
February 29, 2008
370,000.00
370,000.00
100,000.00
100,000.00
$
107,400,000.00
Money Market Account
Certificate of Deposit
Total Bank Accounts Balances
Average CD Interest Rate
The College's investments are in compliance with:
(A) the investment strategy expressed in the College investment policy; and
(B) relevant provisions of Chapter 2256 of the Public Funds Investment Act.
Fair Value
February 29, 2008
372,593.70
372,593.70
100,000.00
100,000.00
$
110,116,432.00
$
$
37,874,567.15
67,454,661.24
105,329,228.39
3.38%
The primary objective of all investments activity is the preservation of capital and the safety of
principal in the overall portfolio in accordance with STC's Board approved Investment Policy.
The depository bank paid the College the highest rate of interest possible at the time of
investment and in accordance with the depository bank contract.
Diana Pena, Vice President for Finance and Administrative Services
March 4, 2008
Date
Maria G. Elizondo, CPA, Comptroller
March 4, 2008
Date
Dr. Alejo Salinas, Board of Trustees, Designated Investment Officer
March 4, 2008
Date