DENTON INDEPENDENT SCHOOL DISTRICT ANNUAL REVIEW OF INVESTMENT PERFORMANCE SCHOOL YEAR 2008-2009

DENTON INDEPENDENT SCHOOL DISTRICT
ANNUAL REVIEW OF INVESTMENT PERFORMANCE
SCHOOL YEAR 2008-2009
October 13, 2009
PREPARED BY
DEBBIE MONSCHKE & RAY LEAKE
TABLE OF CONTENTS
DETAIL OF INVESTMENT PORTFOLIO - BY INVESTMENT TYPE
For the Period July 1, 2008 Through June 30, 2009
1
COMPARISON OF DISTRICT'S PORTFOLIO YIELD vs. SELECTED BENCHMARKS
For the Period July 1, 2008 Through June 30, 2009
2
COMPARISON OF U.S. TREASURY RATES
January 2002 - June 2009
3
COMPARISON OF INVESTMENT POOL RATES
January 2002 - June 2009
4
COMPARISON OF TEXPOOL INVESTMENT RATES
January 2002 - June 2009
5
COMPARISON OF LONE STAR INVESTMENT POOL RATES
January 2002 - June 2009
6
COMPARISON OF DISD INVESTMENTS
January 2002 - June 2009
7
SCHEDULE OF MONTHLY INTEREST RATES
July 2008 - June 2009
8
SCHEDULE OF AVERAGE INTEREST RATES
June 2002 - June 2009
9
INVESTMENT EARNINGS BY TYPE
For the Period July 1, 2008 Through June 30, 2009
10
INVESTMENT EARNINGS BY FUND
For the Period July 1, 2008 Through June 30, 2009
11
DAILY INVESTMENT BALANCE BY TYPE - GENERAL FUND
For the Period July 1, 2008 Through June 30, 2009
12
DAILY INVESTMENT BALANCE BY TYPE - DEBT SERVICES
For the Period July 1, 2008 Through June 30, 2009
13
DENTON INDEPENDENT SCHOOL DISTRICT
DETAIL OF INVESTMENT PORTFOLIO - BY INVESTMENT TYPE
FOR THE PERIOD JULY 1, 2008 THROUGH JUNE 30, 2009
Investment
Description
Average
Daily Amount
Invested
Actual
Annual
Earnings
DISD
Yield (B)
Average
Yield (A)
TexPool
Lone Star - Liquidity Plus Fund
TexSTAR
$56,461,794
$130,838,349
$78,699,205
$795,816
$1,657,641
$1,065,178
1.4095%
1.2669%
1.3535%
1.3107%
1.2733%
1.2449%
Totals
$265,999,349
$3,518,636
1.3228%
1.2763%
(A) - The Average Yield for each investment is based on an average of the published monthly average yield.
(B) - The DISD Yield is calculated based on the Actual Annual Earnings for the period of July 1, 2008 to June 30, 2009
divided by the Average Daily Amount Invested during the same period.
08-09 Annual Investment Report.xls - Report
1
10/7/2009 5:54 PM
DENTON INDEPENDENT SCHOOL DISTRICT
COMPARISON OF DISTRICT'S PORTFOLIO YIELD VS. SELECTED BENCHMARKS
FOR THE PERIOD JULY 1, 2008 THROUGH JUNE 30, 2009
2.000%
1.500%
Yield
1.000%
0.500%
1.3228%
1.3107%
1.4850%
1.4058%
1.2733%
1.4392%
1.2449%
1.6201%
0.5516%
0.8279%
1.0523%
1.3802%
0.000%
(A) Excludes District funds held at Compass Bank.
(B) Does not reflect gain or loss associated with fund's NAV.
08-09 Annual Investment Report.xls - Annual Rates
2
10/7/2009 5:54 PM
DENTON INDEPENDENT SCHOOL DISTRICT
COMPARISON OF U. S. TREASURY RATES
JANUARY 2002 - JUNE 2009
5.50%
5.00%
4.50%
4.00%
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
3-Month U.S. Treasury
08-09 Annual Investment Report.xls - US Treasury
6-Month U.S. Treasury
1-Year U.S. Treasury
3
2 Year U.S. Treasury
10/7/2009 5:54 PM
DENTON INDEPENDENT SCHOOL DISTRICT
COMPARISON OF INVESTMENT POOL RATES
JANUARY 2002 - JUNE 2009
5.50%
5.00%
4.50%
4.00%
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
TexPool
TexPool Prime
08-09 Annual Investment Report.xls - Pools
Lone Star Liquidity Fund
Lone Star Liquidity Plus Fund
4
Lone Star Liquidity Corporate Fund
TexStar
Logic
10/7/2009 5:54 PM
DENTON INDEPENDENT SCHOOL DISTRICT
COMPARISON OF TEXPOOL INVESTMENT RATES
JANUARY 2002 - JUNE 2009
5.50%
5.00%
4.50%
4.00%
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
TexPool
08-09 Annual Investment Report.xls - TexPool
TexPool Prime
5
10/7/2009 5:54 PM
DENTON INDEPENDENT SCHOOL DISTRICT
COMPARISON OF LONE STAR INVESTMENT POOL RATES
JANUARY 2002 - JUNE 2009
5.50%
5.00%
4.50%
4.00%
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
Lone Star Liquidity Fund
08-09 Annual Investment Report - Lone Star
Lone Star Liquidity Plus Fund
6
Lone Star Liquidity Corporate Fund
10/8/2009 10:18 AM
DENTON INDEPENDENT SCHOOL DISTRICT
COMPARISON OF DISD INVESTMENTS
JANUARY 2002 - JUNE 2009
5.50%
5.00%
4.50%
4.00%
3.50%
3.00%
2.50%
2.00%
1.50%
1.00%
0.50%
0.00%
TexPool
08-09 Annual Investment Report.xls - DISD
Lone Star Liquidity Plus Fund
7
TexStar
10/7/2009 5:54 PM
DENTON INDEPENDENT SCHOOL DISTRICT
SCHEDULE OF MONTHLY INTEREST RATES
JULY 2008- JUNE 2009
Jul-08
Aug-08
Sep-08
Oct-08
Nov-08
Dec-08
Jan-09
Feb-09
Mar-09
Apr-09
May-09
Jun-09
DISD
TexPool
TexPool
Prime
Lone Star
Liquidity
Fund
Lone Star
Liquidity
Plus Fund
Lone Star
Liquidity
Corporate
Fund
TexStar
Logic
3-Month
U.S.
Treasury
6-Month
U.S.
Treasury
1-Year
U.S.
Treasury
2 Year
U.S.
Treasury
1.3228%
1.3228%
1.3228%
1.3228%
1.3228%
1.3228%
1.3228%
1.3228%
1.3228%
1.3228%
1.3228%
1.3228%
2.2460%
2.2878%
2.4068%
1.9762%
1.8226%
1.4855%
0.9529%
0.6690%
0.5788%
0.4762%
0.4326%
0.3939%
2.4811%
2.4458%
2.5629%
2.1033%
1.8396%
1.5931%
1.2098%
0.9941%
0.7730%
0.6767%
0.6153%
0.5250%
2.3900%
2.4000%
2.4000%
1.9800%
1.5700%
1.4500%
1.1100%
0.8400%
0.8000%
0.7600%
0.6600%
0.5100%
2.2800%
2.3100%
2.3100%
1.9600%
1.6100%
1.2700%
0.9000%
0.6500%
0.6700%
0.5700%
0.4300%
0.3200%
2.4000%
2.4000%
2.4100%
2.1200%
1.7100%
1.4700%
1.1300%
0.8600%
0.8300%
0.7600%
0.6600%
0.5200%
2.1874%
2.2120%
2.2986%
1.7825%
1.5651%
1.3793%
0.9005%
0.7053%
0.5945%
0.4984%
0.4462%
0.3693%
2.5562%
2.5795%
2.6931%
2.5915%
2.1998%
1.9482%
1.2949%
0.9219%
0.8150%
0.7108%
0.5954%
0.5345%
1.6655%
1.7442%
1.1953%
0.6548%
0.1910%
0.0300%
0.1232%
0.2886%
0.2113%
0.1587%
0.1742%
0.1830%
1.9839%
1.9623%
1.6690%
1.1977%
0.7283%
0.2413%
0.3003%
0.4554%
0.4206%
0.3570%
0.3029%
0.3160%
2.2877%
2.1781%
1.9413%
1.3932%
1.0703%
0.4839%
0.4400%
0.6182%
0.6429%
0.5547%
0.5006%
0.5167%
2.5848%
2.4268%
2.1140%
1.6113%
1.2197%
0.8271%
0.8048%
0.9743%
0.9306%
0.9410%
0.9287%
1.1997%
08-09 Annual Investment Report.xls - Monthly Rates
8
10/7/2009 5:54 PM
DENTON INDEPENDENT SCHOOL DISTRICT
SCHEDULE OF AVERAGE INTEREST RATES
SEPTEMBER 2001 - JUNE 2009
Jun-02
Jun-03
Jun-04
Jun-05
Jun-06
Jun-07
Jun-08
Jun-09
DISD
TexPool
TexPool
Prime
Lone Star
Liquidity
Fund
Lone Star
Liquidity
Plus Fund
Lone Star
Liquidity
Corporate
Fund
TexStar
Logic
3-Month
U.S.
Treasury
6-Month
U.S.
Treasury
1-Year
U.S.
Treasury
2-Year
U.S.
Treasury
N/A
1.0130%
1.0149%
2.2311%
4.1581%
5.2684%
3.5436%
1.3228%
1.8638%
1.5232%
1.0338%
2.1549%
4.1849%
5.2698%
3.9586%
1.3107%
N/A
1.2794%
1.0561%
2.1507%
4.2151%
5.2996%
4.0831%
1.4850%
1.8467%
1.3842%
0.9292%
2.0700%
4.1025%
5.1775%
4.0375%
1.4058%
1.9700%
1.4458%
0.9658%
2.0842%
4.1650%
5.2358%
3.8975%
1.2733%
1.9650%
1.4833%
0.9642%
2.0458%
4.0800%
5.1792%
4.0492%
1.4392%
1.8807%
1.5064%
1.0419%
2.1420%
4.1737%
5.2813%
3.9423%
1.2449%
1.9560%
1.4701%
1.0161%
2.2014%
4.1591%
5.2731%
4.1785%
1.6201%
1.7451%
1.3024%
1.0220%
2.1594%
4.0686%
5.0369%
2.9017%
0.5516%
1.8325%
1.3132%
1.1194%
2.3459%
4.3133%
5.1023%
3.0700%
0.8279%
2.3055%
1.3473%
1.3089%
2.6773%
4.4046%
5.0140%
3.0742%
1.0523%
3.2217%
1.7819%
1.8978%
3.0514%
4.4088%
4.7776%
3.0700%
1.3802%
08-09 Annual Investment Report.xls - Annual Rate
9
10/7/2009 5:54 PM
DENTON INDEPENDENT SCHOOL DISTRICT
INVESTMENT EARNINGS BY TYPE
FOR THE PERIOD JULY 1, 2008 THROUGH JUNE 30, 2009
Lone Star Liquidity Plus Fund
$1,657,640.82
47.11%
TexPool
$795,816.42
22.62%
08-09 Annual Investment Report - Inv Earn by Type
TexStar
$1,065,177.92
30.27%
10
10/8/2009 10:02 AM
DENTON INDEPENDENT SCHOOL DISTRICT
INVESTMENT EARNINGS BY FUND
FOR THE PERIOD JULY 1, 2008 THROUGH JUNE 30, 2009
$2,000,000
$1,500,000
$1,000,000
$500,000
$0
Interest
Earnings
General
Debt
Service
$917,548
$262,932
1996 Bonds 2001 Bonds 2002 Bonds 2005 Bonds
08-09 Annual Investment Report - Inv Earn by Fund
$497
$2,519
$103,308
$1,269
11
2006A
Bonds
$1,942
2007 Bonds 2008 Bonds
$359,941
$1,741,072
Child
Nutrition
Healthcare
Trust
Workers
Comp
$11,514
$82,096
$33,997
10/8/2009 10:01 AM
DENTON INDEPENDENT SCHOOL DISTRICT
DAILY INVESTMENT BALANCE BY TYPE - GENERAL FUND
FOR THE PERIOD JULY 1, 2008 THROUGH JUNE 30, 2009
$130,000,000
$120,000,000
$110,000,000
$100,000,000
$90,000,000
$80,000,000
$70,000,000
$60,000,000
$50,000,000
$40,000,000
$30,000,000
$20,000,000
$10,000,000
$0
TexPool
08-09 Annual Investment Report.xls - Daily Balance-General
Lone Star Liquidity Plus Fund
12
TexStar
10/7/2009 5:54 PM
DENTON INDEPENDENT SCHOOL DISTRICT
DAILY INVESTMENT BALANCE BY TYPE - DEBT SERVICE FUND
FOR THE PERIOD JULY 1, 2008 THROUGH JUNE 30, 2009
$50,000,000
$45,000,000
$40,000,000
$35,000,000
$30,000,000
$25,000,000
$20,000,000
$15,000,000
$15 000 000
$10,000,000
$5,000,000
$0
TexPool
08-09 Annual Investment Report - Daily Balance-Debt
Lone Star Liquidity Plus Fund
13
10/8/2009 10:32 AM