BOARD OF SCHOOL TRUSTEES
KELLER INDEPENDENT SCHOOL DISTRICT
The community of Keller ISD will educate our students to achieve
their highest standards of performance by engaging them in
exceptional opportunities.
_______________________________________________________________
Report
SUBJECT:
Date: June 24, 2015
QUARTERLY INVESTMENT REPORT
FUNCTION: Finance
DISTRICT KEY STRATEGIC PRIORITY:

Excellence in Financial Stewardship; 5.5
FISCAL NOTE:
All major fund groups benefit from investment returns.
Background Information:



This report is presented in compliance with the Board approved Investment Policy, CDA
(Legal) and CDA (Local), the Public Funds Investment Act (Texas Government Code 2256),
and Generally Accepted Accounting Principles (GAAP).
The designated Investment Officer of Keller Independent School District certifies the District is
in compliance with the provisions of Government Code Chapter 2256, and with the stated
policies and strategies of the District.
The following Investment Report represents the investment position of the District as of May
31, 2015.
Administrative Considerations:



The District’s funds for the quarter were invested in local government investment pools LOGIC,
Texas CLASS, and TexPool, and in Agency, and Treasury securities.
As of May 2015, $271,070,480 was invested in the pools: Texas CLASS - $167,835,563 or
61.92% with an average yield of 0.1410%; LOGIC - $101,962,402 or 37.61% with an average
yield of 0.1122%; TexPoolPrime - $1,272,515 or 0.47% with an average yield of 0.1030%.
Three (3) $5 million Agency notes were purchased in May; the Market Value of the Securities
portfolio totals $58,727,165; the Book Value totals $58,700,000; and the Accrued Interest to be
paid on the various coupon dates totals $59,155.
Communication Deployment:

Keller ISD Web-site
+++++++++++++++++++++++++++++++++++++++++
Respectfully submitted,
Kristin Williams, CPA
Director of Finance
Investment Officer
Keller Independent School District
Schedule of Investments - Local Government Investment Pool Accounts
For the Quarter Ended May 31, 2015
LOGIC - AAAm*
Bond Funds
Child Nutrition
Construction Funds
Debt Service Fund
Finance Clearing Funds
Insurance Funds
TOTAL LOGIC
Texas CLASS - AAAm*
Bond Funds
Debt Service
Finance Clearing Funds
Insurance Funds
TOTAL TEXAS CLASS
TexPool Prime - Aam* (Opened 4-14-15)
Construction Funds
Debt Service Fund
General Operating Fund
Insurance Fund
TOTAL TexPool Prime
TexPool - AAAm* (to TexPool Prime 4-14-15)
Construction Funds
Debt Service Fund
Finance Clearing Funds
Insurance Fund
TOTAL TEXPOOL
TOTAL INVESTMENT POOLS
*Standard & Poor's Current Rating
Consolidated Balances
Bond Funds
Child Nutrition
Construction Funds
Debt Service Fund
Finance Clearing Funds
Insurance Funds
Total Pool Balances
March 31, 2015
Avg Yield 0.0999%
19,434,566.76
4,196,450.11
5,674,458.68
46,805,911.25
76,262,957.31
1,862,853.17
154,237,197.28
Avg Yield 0.1232%
168,835,398.54
0.00
0.00
0.00
168,835,398.54
Avg Yield 0.0880%
0.00
0.00
0.00
0.00
0.00
Avg Yield 0.0480%
2,632,465.95
21.62
1,314.03
5,368.54
2,639,170.14
325,711,765.96
April 30, 2015
Avg Yield 0.1130%
19,036,979.69
4,346,859.89
5,660,953.47
47,383,127.47
64,747,642.62
1,513,450.64
142,689,013.78
Avg Yield 0.1400%
168,328,010.68
0.00
187,906.26
0.00
168,515,916.94
Avg Yield 0.0984%
2,632,636.63
21.62
1,314.03
5,368.87
2,639,341.15
Avg Yield 0.0524%
0.00
0.00
0.00
0.00
0.00
313,844,271.87
May 31, 2015
Avg Yield 0.1122%
16,883,097.83
4,447,290.71
5,641,600.22
47,631,144.05
25,601,497.43
1,757,771.26
101,962,401.50
Avg Yield 0.1410%
166,566,678.81
0.00
1,268,884.43
0.00
167,835,563.24
Avg Yield 0.1030%
1,265,810.01
21.62
1,314.03
5,369.40
1,272,515.06
Avg Yield 0.0553%
0.00
0.00
0.00
0.00
0.00
271,070,479.80
March 31, 2015
188,269,965.30
4,196,450.11
8,306,924.63
46,805,932.87
76,264,271.34
1,868,221.71
325,711,765.96
April 30, 2015
187,364,990.37
4,346,859.89
8,293,590.10
47,383,149.09
64,936,862.91
1,518,819.51
313,844,271.87
May 31, 2015
183,449,776.64
4,447,290.71
6,907,410.23
47,631,165.67
26,871,695.89
1,763,140.66
271,070,479.80
Keller Independent School District
Schedule of Investments - Securities
For the Quarter Ended May 31, 2015
Agencies
Fund
CUSIP
199
3135G0NV1
199
3137EADQ9
199
3133834R9
199
3130A0C65
199
3134G6YQ0
199
3134G6ZL0
199
3130A5C49
Coupon
0.50%
0.50%
0.38%
0.63%
0.80%
0.85%
1.05%
Maturity
9/28/2015
5/13/2016
6/24/2016
12/28/2016
5/26/2017
8/21/2017
11/28/2017
Total
2/28/2015
Market Value
4,009,168.00
4,010,744.00
3,999,908.00
3,704,144.00
$ 15,723,964.00
3/31/2015
Market Value
4,005,608.00
4,005,076.00
3,997,796.00
3,704,514.00
$ 15,712,994.00
4/30/2015
Market Value
4,006,544.00
4,004,592.00
4,000,192.00
3,705,157.80
$ 15,716,485.80
5/31/2015
Market Value
4,004,980.00
4,004,220.00
3,999,320.00
3,705,387.20
4,997,450.00
4,994,790.00
4,996,950.00
$ 30,703,097.20
5/31/2015
Book Value
4,000,000.00
4,000,000.00
4,000,000.00
3,700,000.00
5,000,000.00
5,000,000.00
5,000,000.00
$ 30,700,000.00
Accrued
Interest*
3,500.00
1,000.00
6,541.67
9,828.13
555.56
1,180.56
437.50
$
23,043.42
Treasuries
Fund
CUSIP
199
912828TK6
199
912828TK6
199
912828UC2
199
912828UM0
199
912828VC1
199
912828VG2
199
912828A59
Coupon
0.25%
0.25%
0.25%
0.38%
0.25%
0.50%
0.63%
Maturity
8/15/2015
8/15/2015
12/15/2015
2/15/2016
5/15/2016
6/15/2016
12/15/2016
Total
2/28/2015
Market Value
4,004,064.00
4,004,064.00
4,003,752.00
4,008,124.00
4,000,000.00
4,013,752.00
4,009,376.00
$ 28,043,132.00
3/31/2015
Market Value
4,001,876.00
4,001,876.00
4,000,936.00
4,004,064.00
3,996,564.00
4,006,564.00
4,009,376.00
$ 28,021,256.00
4/30/2015
Market Value
4,002,188.00
4,002,188.00
4,003,436.00
4,006,564.00
3,999,062.52
4,007,812.00
4,011,876.00
$ 28,033,126.52
5/31/2015
Market Value
4,001,564.00
4,001,564.00
4,002,188.00
4,004,376.00
3,998,752.00
4,007,188.00
4,008,436.00
$ 28,024,068.00
5/31/2015
Book Value
4,000,000.00
4,000,000.00
4,000,000.00
4,000,000.00
4,000,000.00
4,000,000.00
4,000,000.00
$ 28,000,000.00
Accrued
Interest*
2,944.44
2,944.44
4,611.11
4,416.67
444.44
9,222.22
11,527.78
$
36,111.10
2/28/2015
Market Value
15,723,964.00
28,043,132.00
43,767,096.00
3/31/2015
Market Value
15,712,994.00
28,021,256.00
$ 43,734,250.00
4/30/2015
Market Value
15,716,485.80
28,033,126.52
$ 43,749,612.32
5/31/2015
Market Value
30,703,097.20
28,024,068.00
$ 58,727,165.20
5/31/2015
Book Value
30,700,000.00
28,000,000.00
$ 58,700,000.00
Accrued
Accr Int*
23,043.42
36,111.10
$
59,154.52
Portfolio Holdings
Agencies
Treasuries
Total Portfolio Value
* Accrued interest at quarter end to be paid on next coupon date.