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ST. PETERSBURG CITY COUNCIL BUDGET, FINANCE & TAXATION COMMITTEE

AGENDA

February 9, 2017

8:00 – City Hall – Room 100

Members & Alternate: Budget, Finance & Taxation Committee: Chair James R. “Jim” Kennedy, Jr.; Vice Chair Charles Gerdes; Karl Nurse; Darden Rice; and Ed Montanari (alternate). Support Staff: Dean Adamides, Fire Division Chief Cindy Sheppard, City Council Administrative Officer

A. Call to Order

B. Approval of Agenda

C. Approval of Minutes

1. January 26, 2017

D. New/Deferred Business

1. February 9, 2017

a. Weeki Wachee List – Childs Park Lake Project

b. Quarterly Financial Reports. (Fritz/Greene)

E. Upcoming Meetings Agenda Tentative Issues

1. February 23, 2017

a. 2017 Management Evaluation (Scott)

b. Quarterly Grant Reports (Ojah-Maharaj)

2. March 9, 2017

a. Property Insurance Renewals (Mazzola/Guella)

b. External Audit (Fritz)

F. New Business Item Referrals

G. Adjournment

ST. PETERSBURG CITY COUNCIL BUDGET, FINANCE & TAXATION COMMITTEE

Minutes

January 26, 2017

8:00 – City Hall – Room 100

Present: Committee Members ‐ Chair James R. “Jim” Kennedy, Jr., Vice‐Chair Karl Nurse, Charles Gerdes and Ed Montanari (alternate).

Absent: Councilmember Darden Rice.

Also: City Attorney, Jacqueline Kovilaritch; City Administrator, Gary Cornwell; Assistant City Attorney, Mark Winn; City Councilmember Steve Kornell; Finance Director, Anne Fritz; Bryant, Miller & Olive Bond Counsel, Duane Draper; City Auditor, Bradley Scott; Chief, Dean Adamides and Sr. Deputy City Clerk, Cathy E. Davis.

A. Call to Order

Chair Kennedy called the meeting to order with the above persons present.

B. Approval of Agenda

In connection with the approval of the January 26th meeting agenda, Councilmember Gerdes motioned

that the agenda be approved as submitted. All were in favor of the motion. Ayes. Kennedy. Gerdes.

Nurse. Montanari (alt). Nays. None. Absent. Rice.

C. Approval of Minutes

1. January 12, 2017

In connection with the approval of the January 12th, meeting minutes, Councilmember Gerdes motioned

that the minutes be approved as written. All were in favor of the motion. Ayes. Kennedy. Gerdes.

Nurse. Montanari (alt). Nays. None. Absent. Rice.

D. New/Deferred Business

1 a. First Florida Financing Commission Refunding/Marina Financing 2017 (Fritz) Ms. Fritz

discussed outstanding debt to First Florida Financing Commission and the group’s intention

to dissolve. In order to dissolve, all debt must be repaid. Finance solicited bank offers for

two different items: first, payoff of the First Florida debt and second, new money for

projects relating to the Marina that were in the 2017 Capital Improvement Plan and planned

to be financed by debt issuance. Finance was able to put those two together and make it

one bank note and the source of repayment is the Marina fund. Ms. Fritz discussed the

backup and how Finance went about putting together today’s recommendation. Ms. Fritz

recommended accepting the bid from TD Bank. Bond counsel and legal counsel on hand for

questions. CM Gerdes asked questions related to the bid respondents and rates. CM

Montanari asked a question about the $142,000 net present value debt service savings and

closing date. Mr. Draper addressed closing question. Ms. Fritz mentioned legal

considerations related to the jury waiver provision, Ms. Kovilaritch commented on this

subject.

Motion Approval: CM Gerdes. Ayes. Kennedy. Gerdes. Nurse. Montanari (Alt). Nays. None.

Absent. Rice.

E. Upcoming Meetings Agenda Tentative Issues

1. February 9, 2017

a. Quarterly Financial Reports. (Fritz)

2. February 23, 2017

a. 2017 Management Evaluation (Scott)

G. New Business Item Referrals

Pending/Continuing Referrals

Chair Kennedy commented on TBD dates and returning items. CM Nurse commented on the purchasing

requirements and consideration of city contractors minimum wage returning. Dr. Cornwell advised he

would get a date for purchasing requirements item. CM Kornell discussed My Sistah’s Place returning.

Mr. Scott discussed the 2017 Management Evaluation returning on 2/24/17 may require additional

time.

Ms. Kovilaritch spoke to the Weekie Wachee project list item Childs Park and recommended a motion be

made to add this item to the Committee’s agenda if the Committee desires to remove this item from the

Weeki Wachee list.

Motion to add Childs Park item to the Committee agenda. (Nurse) Ayes: All (Kennedy, Gerdes, Nurse,

Montanari (Alt) Nays: None Absent: CM Rice

H. Adjournment

There being no further business, the meeting was adjourned at 8:16 a.m.

Quarterly Financial Reports

December 31, 2016

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To: Mayor Rick Kriseman

The Honorable Amy Foster, Chair, and Members of City Council City Administrator Gary Cornwell

From: Anne Fritz, Finance Director Date: January 27, 2017 Subject: Summary of Quarterly Financial Reports for the period ending December 31,

2016

EXECUTIVE SUMMARY

Attached please find the quarterly financial statements for December 31, 2016. The financial statements represent the City’s financial results for the three months ending December 31, 2016. Investments The Investment Report presents fairly the accomplishments of the City’s investment portfolio for the twelve months ended December 31, 2016. The current amortized book value of all holdings governed by the City’s Investment Policy (General) is $590.4 million and the corresponding market value is $589.9 million with a total unrealized loss of $398,000. Included in the calculation for total unrealized gain is the market value loss remaining relating to the Columbia Strategic Cash (BlackRock) holdings of $268,456. Excluding the Columbia Strategic Cash holdings, the City managed portfolio is reporting a $130,000 unrealized loss. The change in market value of the City’s investments fluctuates daily and the change in market value will not be realized unless the instrument is sold or impaired. When all sources of interest income earnings are combined for the twelve months ended December 31, 2016, the City’s investment earnings were $7.9 million, for an average return of 1.58%. During the current quarter there were maturities of instruments held for the face amount of $2 million; no instruments were called during the quarter. Instruments purchased during the current quarter totaled $98.5 million. The City’s Alternative Investment Policy Holdings are shown on the attached portfolio statement and are not included in the values presented in the paragraphs above. The current amortized book value of the Alternative Investment Portfolios is $34.8 million with a corresponding market value of $37.3 million and a total unrealized gain

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of $2.4 million. The total amortized book value of the General and Alternative Investment Policies combined is $625.2 million and the market value is $627.2 million with a total unrealized gain of $2.03 million. Debt The Debt Service Reports reflect the current principal and interest maturity schedule by year for the City. A summary of the debt expected future funding sources for enterprise debt is included in the analysis. Pensions The Pension Reports display the current return on pension assets for the quarter as well as the solvency tests for the plans. During the current quarter all three pension funds continue to show positive results in the percentage funded. The solvency tests compare the latest actuarial valuation figures (October 1, 2015) to the current market value of the pension assets at December 31, 2016 and 2015. Financials OpenGov In an effort to continue our commitment to “Government in the Sunshine”, and to enhance transparency in financial reporting, the City of St. Petersburg is offering an interactive reporting tool that allows citizens to explore budget and other financial data online in various graphical formats selected by the user. OpenGov, a California-based company specializing in data accessibility, pioneered this online application. The application has an “Annual” view with 4 years of annual historical data compared to the current year amended budget in graphical form as well as a “Current” view with 4 years of quarterly year to date historical data compared to the current quarterly year to date and prorated amended budget in graphical form. Other views also available to the public are debt service schedules and grant expenditures. Each quarter the Finance Department will update the quarterly year to date information for the current year on the same day the quarterly report is released to the Budget Finance and Taxation Committee. Financial Results Included in the current quarters’ financial summary and budget versus actual statements is a calculation that shows the fund balances from the financial reporting perspective to the City’s budgetary perspective. This calculation should aid in the comparison of the financial statements to the City’s budgetary reports. Tom Greene, Budget Director, will be presenting the results for the quarter in a separate analysis of total fiscal year revenues, expenditures, and budgetary fund balances. Further, he will detail the budgetary fund balances as compared to their target per fiscal policies. Please feel free to contact me with any questions relating to the financial statements.

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Investments

4

M E M O R A N D U M Finance Department

To: Rick Kriseman, Mayor

Members of City Council Gary Cornwell, City Administrator From: Anne Fritz, Finance Director Date: January 20, 2017 Subject: Quarterly Investment Report – December 31, 2016

Attached is the Quarterly Investment Report for the current quarter and also covering the twelve months ended December 31, 2016. The Quarterly Investment Report presents fairly the accomplishments of the City’s investment portfolio for the twelve months ended December 31, 2016. The current amortized book value of all holdings governed by the City’s Investment Policy (General) is $590.4 million and the corresponding market value is $589.9 million with a total unrealized loss of $398,000. Included in the calculation for total unrealized gain is the market value loss remaining relating to the Columbia Strategic Cash (BlackRock) holdings of $268,456. Excluding the Columbia Strategic Cash holdings, the City managed portfolio is reporting a $130,000 unrealized loss. The change in market value of the City’s investments fluctuates daily and the change in market value will not be realized unless the instrument is sold or impaired. When all sources of interest income earnings are combined for the twelve months ended December 31, 2016, the City’s investment earnings were $7.9 million, for an average return of 1.58%. During the current quarter there were maturities of instruments held for the face amount of $2 million; no instruments were called during the quarter. Instruments purchased during the current quarter totaled $98.5 million. The City’s Alternative Investment Policy Holdings are shown on the attached portfolio statement and are not included in the values presented in the paragraphs above. The current amortized book value of the Alternative Investment Portfolios is $34.8 million with a corresponding market value of $37.3 million and a total unrealized gain of $2.4 million. The total amortized book value of the General and Alternative Investment Policies combined is $625.2 million and the market value is $627.2 million with a total unrealized gain of $2.03 million.

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Book ValuePercent of

Total Market ValuePercent of

TotalMarket

Gain/(Loss) CITY INVESTMENT POLICY (General)Short Term Portfolio

Certificate of Deposit 10,000,000 10,000,000 ‐

State Board Pool ‐ Fund A 8,424,901 8,424,901

Total Short Term Portfolio 18,424,901 2.95% 18,424,901 2.94% ‐

Core PortfolioCertificate of Deposit 27,750,000 27,750,000 ‐

Collaterized Mortgage Obligations 645,539 663,467 17,928

Columbia Strategic Cash (now BlackRock) 1,046,539 778,082 (268,456)

Corporate Bonds 97,288,363 97,538,455 250,092

Non‐Taxable Municipals 545,000 567,089 22,089

Taxable Municipals 83,394,940 83,434,786 39,847

U.S. Instrumentalities Bonds & Notes 90,427,179 89,935,409 (491,769)

U.S. Treasury 37,869,601 37,963,642 94,041

Total Core Portfolio 338,967,160 54.22% 338,630,931 53.99% (336,229)

Debt Service Related PortfolioCorporate Bonds 2,054,377 2,059,940 5,563

AIM Investment Money Market 5,737,112 5,737,112 ‐

Morgan Stanley Money Market 4,670,551 4,670,551 ‐

State Board Pool ‐ Fund A 2,523,278 2,523,278 ‐

Total Debt Service Related Portfolio 14,985,317 2.40% 14,990,881 2.39% 5,563

Bond Proceeds PortfolioCertificate of Deposit 41,000,000 41,000,000 ‐

AIM Investment Money Market 572,294 572,294 ‐

Morgan Stanley 12,861,053 12,861,053 ‐

State Board Pool ‐ Fund A 11,885,968 11,885,968 ‐

U.S. Instrumentalities Bonds & Notes 28,014,209 28,018,050 3,841

U.S. Treasury 55,078,695 55,058,400 (20,295)

Total Debt Service Related Portfolio 149,412,218 23.90% 149,395,764 23.82% (16,453)

Water Cost Stabilization PortfolioCertificate of Deposit 16,600,000 16,600,000 ‐

Collaterized Mortgage Obligations 378,615 387,741 9,125

Corporate Bonds 19,560,523 19,376,068 (184,455)

AIM Investment Money Market 208,903 208,903 ‐

Taxable Municipals 14,831,894 14,773,130 (58,764)

U.S. Instrumentalities Bonds & Notes 16,980,805 17,163,949 183,144

Total Water Cost Stabilization Portfolio 68,560,741 10.97% 68,509,791 10.92% (50,951)

Total ‐ City Investment Policy (General) 590,350,338 94.43% 589,952,268 94.06% (398,070)

CITY ALTERNATE INVESTMENT POLICY

Water Cost Stablization Index Funds 20,001,781 21,481,131 1,479,350

Total Water Cost Stabilization 20,001,781 3.20% 21,481,131 3.42% 1,479,350

Parks Preservation PortfolioCash With Fiscal Agent (5,674) (5,674) ‐

Bonds and Notes 6,436,179 6,474,164 37,985

Equities 8,393,111 9,299,398 906,287

Total Parks Preservation Portfolio 14,823,616 2.37% 15,767,888 2.51% 944,272

Total ‐ City Alternate Investment Policy 34,825,398 5.57% 37,249,019 5.94% 2,423,621

TOTAL 625,175,735 100.00% 627,201,286$ 100.00% 2,025,551$

Note: Total Book Value Parks Preservation 14,823,616$ 15,767,888$

CITY OF ST. PETERSBURGSCHEDULE OF INVESTMENT VALUE

December 31, 2016

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CITY OF ST. PETERSBURG, FLSCHEDULE OF INVESTMENT VALUE ‐ DETAIL

December 31, 2016

Description CUSIP/TickerMaturity Date

Annualized TRR‐BV

Ending Face Amount/Shares

Ending Book Value

Ending Market Value

Unrealized Gain/Loss‐Book

Value

Short Term Portfolio

Bank United 0.799 3/11/2017 1815062357 03/11/2017 0.82 10,000,000 10,000,000 10,000,000 -

Sub Total/Average Certificate of Deposit 0.80 10,000,000 10,000,000 10,000,000 -

State Board of Administration LGIP SBA N/A 0.92 8,424,901 8,424,901 8,424,901 -

Sub Total/Average State Board Pool - Fund A 0.92 8,424,901 8,424,901 8,424,901 - Total / Average 0.83 18,424,901 18,424,901 18,424,901 -

Core Portfolio

Bank United 0.85 7/1/2017 1815064116 07/01/2017 0.87 6,750,000 6,750,000 6,750,000 -

Bank United 1.3 8/10/2019 1815065308 08/10/2019 1.33 5,000,000 5,000,000 5,000,000 -

Bank United 2 11/20/2020 1815055235 11/20/2020 2.06 3,000,000 3,000,000 3,000,000 -

BankUnited 0.8 1/2/2017 1815030312 01/02/2017 0.82 10,000,000 10,000,000 10,000,000 -

BankUnited 1.62 9/30/2020 1815044545 09/30/2020 1.66 3,000,000 3,000,000 3,000,000 -


FHLB MBS 4.75 5/18/2018 3133XR5E6 05/18/2018 4.89 364,986 365,041 379,356 14,314

FHLMC MBS 0 4/15/2022 312909D50 04/15/2022 0.40 1,108 1,101 1,083 (18)

FNMA MBS 0 2/25/2023 31358UB54 02/25/2023 1.34 9,219 8,989 8,866 (123)

FNMA MBS 0 2/25/2023 31358UB54 02/25/2023 0.43 3,748 3,654 3,604 (50)

FNMA MBS 3.5 12/25/2018 31397NNJ0 12/25/2018 3.41 163,586 163,831 165,507 1,676

FNMA MBS 4.5 4/25/2018 31396YT51 04/25/2018 4.49 66,858 66,915 68,712 1,797

FNMA MBS 5.5 11/1/2017 31371NM69 11/01/2017 5.48 35,980 36,008 36,340 332

Sub Total/Average Collaterized Mortage Obligations 4.41 645,485 645,539 663,467 17,928

Columbia Management (now BlackRock) Cash BLACKROCK N/A 0.00 1,046,539 1,046,539 778,082 (268,456)

Sub Total/Average Columbia Management Strategic Fund 0.00 1,046,539 1,046,539 778,082 (268,456)

Abbott Labs 4.125 5/27/2020 002824AW0 05/27/2020 2.12 5,000,000 5,332,571 5,263,100 (69,471)

American Express Centurion 5.95 6/12/2017 02581FYA1 06/12/2017 1.38 5,000,000 5,102,696 5,097,650 (5,046)

Astrazeneca Plc 5.9 9/15/2017 046353AB4 09/15/2017 2.04 5,000,000 5,136,965 5,156,500 19,535

AT&T INC 5.8 2/15/2019 00206RAR3 02/15/2019 2.02 6,000,000 6,471,784 6,451,380 (20,404)

Bank of America 1.75 6/5/2018 06050TMC3 06/05/2018 1.95 3,000,000 2,995,145 2,999,880 4,735

Berkshire Hathaway Fin 5.4 5/15/2018 084664BE0 05/15/2018 2.16 4,500,000 4,699,533 4,735,980 36,447

BP Capital Markets PLC 1.375 11/6/2017 05565QCC0 11/06/2017 1.62 1,000,000 998,457 999,430 973

Caterpillar Financial SE 5.85 9/1/2017 14912L3K5 09/01/2017 1.59 1,500,000 1,542,738 1,543,830 1,092

Florida Power Corp 5.65 6/15/2018 341099CK3 06/15/2018 2.05 3,000,000 3,156,206 3,171,570 15,364

Gen Elec Cap Crp 5.625 5/1/2018 36962G3U6 05/01/2018 1.42 5,000,000 5,278,329 5,277,000 (1,329)

Glaxosmithkline Cap Inc 5.65 5/15/2018 377372AD9 05/15/2018 2.00 5,000,000 5,248,809 5,270,050 21,241

IBM 2.875 11/9/2022 459200JC6 11/09/2022 3.04 5,000,000 4,993,368 5,032,250 38,882

Intel Corp 1.35 12/15/2017 458140AL4 12/15/2017 1.42 3,000,000 2,999,612 3,004,500 4,888

JP Morgan Chase & Co 6 1/15/2018 46625HGY0 01/15/2018 1.62 4,000,000 4,181,677 4,172,520 (9,157)

JP Morgan Chase 3.375 5/1/2023 46625HJJ0 05/01/2023 3.89 5,000,000 4,917,341 4,982,100 64,759

JPMORGAN CHASE & CO 2.2 10/22/2019 48127HAA7 10/22/2019 2.35 3,000,000 2,995,982 3,012,060 16,078

MetLife 4.368 9/15/2023 59156RBB3 09/15/2023 3.34 5,000,000 5,327,105 5,380,500 53,395

NY Life 1.7 9/14/2021 64952WCJ0 09/14/2021 2.60 6,000,000 5,801,866 5,786,040 (15,826)

Orcale Corp 1.2 10/15/2017 68389XAN5 10/15/2017 1.32 3,000,000 2,998,300 3,000,720 2,420

Philip Morris Intl Inc 5.65 5/16/2018 718172AA7 05/16/2018 1.44 5,000,000 5,287,193 5,269,950 (17,243)

Toyota 2.25 10/18/2023 89236TDK8 10/18/2023 3.27 9,000,000 8,564,199 8,676,180 111,981

United Health Care 1.45 7/17/2017 91324PCK6 07/17/2017 1.00 3,250,000 3,258,488 3,255,265 (3,223)

Sub Total/Average Corporate Bonds 2.13 95,250,000 97,288,363 97,538,455 250,092

Fort Pierce Fl Capital Revenue Bal 6.125 9/1/2018- 348307ER6 09/01/2018 6.52 545,000 545,000 567,089 22,089

Sub Total/Average Non-Taxable Bonds 6.52 545,000 545,000 567,089 22,089

Austin TX 4.346 9/1/2018 052396UX4 09/01/2018 1.56 4,415,000 4,619,399 4,640,033 20,633

Austin TX Pub Impt Ser 2009B 4.696 9/1/2020 052396UZ9 09/01/2020 1.97 4,195,000 4,598,197 4,567,180 (31,017)

Bexar County, TX 6.01 8/15/2017 088518CJ4 08/15/2017 6.39 380,731 380,731 397,209 16,478

Bexar County, TX 6.01 8/15/2018 088518CJ5 08/15/2018 6.39 404,269 404,269 421,765 17,497

Boulder Colorado 3.25 11/1/2022 101427BF8 11/01/2022 3.23 1,670,000 1,760,180 1,738,954 (21,226)

Brecksville Broadview Heights 2.318 12/1/2021 106691HR2 12/01/2021 2.14 1,035,000 1,047,246 1,032,692 (14,554)

Brecksville-Broadville Heights OhioCity Sch Dist 2 106691HQ4 12/01/2020 2.12 1,400,000 1,400,344 1,392,930 (7,414)

Charlotte NC COPS 1.631 6/1/2018 161037K96 06/01/2018 1.61 500,000 500,556 499,350 (1,206)

Clark Cnty-B1 5.61 6/1/2019 180848CY7 06/01/2019 1.78 2,320,000 2,530,014 2,528,313 (1,701)

County of Palm Beach County 2.996 12/1/2023 696543PY7 12/01/2023 2.86 1,595,000 1,619,200 1,606,085 (13,115)

Fl Hurricane Ser 2.107 7/1/2018 34074GDG6 07/01/2018 1.62 2,000,000 2,016,243 2,020,060 3,817

Florida St Brd Ed Cap Outlay 4.7 6/1/2019 34153PSY5 06/01/2019 1.74 4,490,000 4,805,801 4,815,256 9,455

Corporate Bonds

Non-Taxable Bonds

Taxable Municipals

Certificate of Deposit

State Board Pool - Fund A


Collaterized Mortage Obligations

Columbia Management Strategic Fund

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December 31, 2016


Annualized TRR‐BV


Ending Book Value

Ending Market Value


Value

FLORIDA ST HURRICANE CATASTROPHE FUND 2.995 7/1 34074GDH4 07/01/2020 2.60 4,000,000 4,065,172 4,095,760 30,588

Fresno Financing Authority 6.3 4/1/2017-14 358184LW7 04/01/2017 6.66 820,000 820,089 826,511 6,422

George Washington Univer 1.827 9/15/2017 372546AR2 09/15/2017 1.24 3,700,000 3,716,298 3,712,765 (3,533)

Hildalgo Tx 5.32 8/15/2024 429326US8 08/15/2024 3.19 2,000,000 2,281,641 2,196,220 (85,421)

Honolulu City 4.68 9/1/2019 438670UV1 09/01/2019 2.02 955,000 1,021,423 1,025,479 4,056

Indiana Bond Bank Revenue 2.634 1/15/2019 4546248D2 01/15/2019 2.30 1,000,000 1,008,339 1,016,250 7,911

Johnson Cnty Kans Uni Sch Dist No 233 4.95 9/1/201 478718ZV4 09/01/2019 1.87 3,125,000 3,375,505 3,365,625 (9,880)

Los Angeles 3.432 11/1/2021 544587C48 11/01/2021 3.16 10,000,000 10,174,164 10,370,800 196,636

NC State Power Agency 3.808 7/1/2023 65819WAH6 07/01/2023 3.37 1,000,000 1,031,850 1,036,350 4,500

New York 1.65 8/1/2021 64971WP20 08/01/2021 2.58 4,000,000 3,866,187 3,857,760 (8,427)

Nthrn Pwr Elec-B 5.82 1/1/2017-14 665444HN8 01/01/2017 2.13 1,415,000 1,415,000 1,415,184 184

NYC Trnstl Fin-B 3.3 5/1/2020 64971QGV9 05/01/2020 1.99 1,500,000 1,565,322 1,547,715 (17,607)

NYC Trnstl Fin-B 3.3 5/1/2020 64971QGV9 05/01/2020 1.99 1,000,000 1,043,514 1,031,810 (11,704)

Oregon State Higher Education 5.742 8/1/2024 68608KNE4 08/01/2024 2.78 1,000,000 1,194,691 1,148,450 (46,241)

PA Turnpike 2.928 12/1/2025 709224SJ9 12/01/2025 2.93 850,000 857,834 806,574 (51,260)

Rosemont 3.24 12/1/2020 777543VN6 12/01/2020 2.61 5,500,000 5,645,401 5,575,130 (70,271)

Stanford Univ 4.75 5/1/2019 854403AC6 05/01/2019 2.19 10,052,000 10,643,407 10,753,228 109,821

University of Texas 4.107 8/15/2021 9151375H2 08/15/2021 2.07 1,900,000 2,070,081 2,049,169 (20,912)

Washington DC 4.714 10/1/2020-10 93878LAM9 10/01/2020 2.93 1,800,000 1,916,840 1,944,180 27,340

Sub Total/Average Taxable Municipals 2.39 80,022,000 83,394,940 83,434,786 39,847

FFCB 1.97 6/24/2024 3133EGVZ5 06/24/2024 2.33 8,000,000 7,998,067 7,706,480 (291,587)

FFCB 2.29 9/6/2022 3133EGS71 09/06/2022 2.44 4,800,000 4,788,145 4,789,200 1,055

FFCB 2.33 6/21/2022 3133EGY41 06/21/2022 2.52 10,000,000 9,960,202 10,000,700 40,498

FFCB 2.4 10/27/2021 3133EDZJ4 10/27/2021 2.27 3,000,000 3,029,780 3,010,530 (19,250)

FFCB 2.65 11/30/2023 3133EFRJ8 11/30/2023 2.71 3,400,000 3,394,115 3,400,170 6,055

FHLB 1.5 10/28/2024 3130A7U52 10/28/2024 1.57 5,000,000 4,997,689 4,914,900 (82,789)

FHLB 2 12/30/2024 3130A9G62 12/30/2024 2.02 2,000,000 1,999,321 1,872,080 (127,241)

FHLB 2.125 3/10/2023 313382AX1 03/10/2023 2.30 10,000,000 9,921,527 9,889,100 (32,427)

FHLB 2.875 9/11/2020 313370US5 09/11/2020 1.81 1,910,000 1,985,172 1,994,002 8,830

FHLB 3 9/10/2021 313383ZU8 09/10/2021 1.85 1,500,000 1,579,128 1,561,485 (17,643)

FHLB 5.375 9/30/2022 3133XMFY2 09/30/2022 1.96 7,000,000 8,205,114 8,230,740 25,626

FHLMC 1.5 11/25/2020 3134GAAC8 11/25/2020 1.56 5,000,000 5,000,000 4,843,350 (156,650)

FHLMC 5 12/14/2018 3134A4ZZ0 12/14/2018 1.48 3,500,000 3,737,464 3,746,190 8,726

FNMA 1.25 1/30/2017 3135G0GY3 01/30/2017 0.85 12,000,000 12,003,814 12,005,640 1,826

FNMA 1.55 12/30/2020-14 3136G16H7 12/30/2020 2.61 8,605,000 8,294,067 8,428,598 134,530

FNMA 2.5 9/28/2017-11 3136FPJN8 09/28/2017 1.24 3,500,000 3,533,574 3,542,245 8,671

Sub Total/Average U.S. Instrumentalities Bonds & Notes 1.92 89,215,000 90,427,179 89,935,409 (491,769)

T-Bond 1.5 11/30/2019 912828G61 11/30/2019 1.63 7,000,000 6,983,065 7,014,490 31,425

T-Bond 1.75 9/30/2019 912828F39 09/30/2019 1.61 3,500,000 3,516,943 3,534,440 17,497

T-Bond 1.75 9/30/2022 912828L57 09/30/2022 2.14 5,200,000 5,097,438 5,101,512 4,074

T-Bond 2 9/30/2020 912828VZ0 09/30/2020 1.70 10,000,000 10,124,787 10,113,300 (11,487)

T-Bond 2.125 12/31/2021 912828G87 12/31/2021 1.80 2,500,000 2,540,601 2,521,400 (19,201)

T-Note 1.125 6/30/2021 912828S27 06/30/2021 2.23 10,000,000 9,606,768 9,678,500 71,732

Sub Total/Average US Treasury 1.82 38,200,000 37,869,601 37,963,642 94,041 Total / Average 2.04 332,674,024 338,967,160 338,630,931 (336,229)

U.S. Instrumentalities Bonds & Notes

US Treasury

8


December 31, 2016


Annualized TRR‐BV


Ending Book Value

Ending Market Value


Value

Debt Service Related Portfolio

IBM 5.7 9/14/2017 459200GJ4 09/14/2017 1.85 2,000,000 2,054,377 2,059,940 5,563

Sub Total/Average Corporate Bonds 1.85 2,000,000 2,054,377 2,059,940 5,563

AIM Investments MM AIM N/A 0.38 5,737,112 5,737,112 5,737,112 -

Sub Total/Average Money Market Accounts 0.38 5,737,112 5,737,112 5,737,112 -

Morgan Stanley MM ORGANSTANLE N/A 0.39 4,670,551 4,670,551 4,670,551 -

Sub Total/Average Morgan Stanley 0.39 4,670,551 4,670,551 4,670,551 -


Sub Total/Average State Board Pool - Fund A 0.92 2,523,278 2,523,278 2,523,278 - Total / Average 0.68 14,930,941 14,985,317 14,990,881 5,563

Corporate Bonds

Money Market Accounts

Morgan Stanley


9


December 31, 2016


Annualized TRR‐BV


Ending Book Value

Ending Market Value


Value

Bond Proceeds Portfolio

Bank United 1.195 3/1/2018 1815067020 03/01/2018 1.22 3,000,000 3,000,000 3,000,000 -

Bank United 0.75 2/24/2017 1815059522 02/24/2017 0.77 4,000,000 4,000,000 4,000,000 -

Bank United 0.9 4/28/2017 1815059602 04/28/2017 0.92 2,000,000 2,000,000 2,000,000 -

Bank United 0.95 6/24/2017 1815059523 06/24/2017 0.97 4,000,000 4,000,000 4,000,000 -

Bank United 0.95 6/28/2017 1815059603 06/28/2017 0.97 2,000,000 2,000,000 2,000,000 -

Bank United 1 8/24/2017 1815059525 08/24/2017 1.02 4,000,000 4,000,000 4,000,000 -

Bank United 1.05 10/28/2017 1815059604 10/28/2017 1.08 2,000,000 2,000,000 2,000,000 -

Bank United 1.1 12/28/2017 1815059605 12/28/2017 1.13 2,000,000 2,000,000 2,000,000 -

Bank United 1.15 1/28/2017 1815059606 01/28/2017 1.18 2,000,000 2,000,000 2,000,000 -

BankUnited 0.77 5/18/2017 1815068140 05/18/2017 0.79 3,000,000 3,000,000 3,000,000 -

BankUnited 1.09 11/18/2017 1815068141 11/18/2017 1.12 3,000,000 3,000,000 3,000,000 -

BankUnited 1.14 2/18/2018 1815068142 02/18/2018 1.17 3,000,000 3,000,000 3,000,000 -

BankUnited 1.15 3/4/2018 1815055676 03/04/2018 1.18 4,000,000 4,000,000 4,000,000 -

BankUnited 1.19 5/18/2018 1815038143 05/18/2018 1.22 2,000,000 2,000,000 2,000,000 -

BankUnited 1.24 8/18/2018 1815068144 08/18/2018 1.27 1,000,000 1,000,000 1,000,000 -


AIM Investments MM AIM N/A 0.38 572,294 572,294 572,294 -

Sub Total/Average Money Market Accounts 0.38 572,294 572,294 572,294 -

Morgan Stanley MM ORGANSTANLE N/A 0.39 12,861,053 12,861,053 12,861,053 -

Sub Total/Average Morgan Stanley 0.39 12,861,053 12,861,053 12,861,053 -



Sub Total/Average State Board Pool - Fund A 0.92 11,885,968 11,885,968 11,885,968 -

FHLB 0 2/28/2017 313385CL8 02/28/2017 0.51 4,000,000 3,996,755 3,996,880 125

FHLB 0.625 5/30/2017 3130A5EP0 05/30/2017 0.65 4,000,000 3,999,653 3,998,280 (1,373)

FHLB 0.75 8/28/2017 3130A62S5 08/28/2017 0.76 3,000,000 3,000,257 2,999,430 (827)

FHLB 0.875 3/10/2017 3133782N0 03/10/2017 0.86 4,000,000 4,000,380 4,001,480 1,101

FHLB 1 6/9/2017 313379FW4 06/09/2017 0.92 4,000,000 4,001,913 4,005,400 3,487

FHLB 1.22 1/5/2018 3130A0BN9 01/05/2018 0.93 1,000,000 1,003,231 1,000,940 (2,291)

FHLB 1.23 10/20/2017 3133792L2 10/20/2017 0.90 4,000,000 4,011,683 4,012,120 437

FNMA 1 9/20/2017 3135G0PP2 09/20/2017 1.03 4,000,000 4,000,337 4,003,520 3,183

Sub Total/Average U.S. Instrumentalities Bonds & Notes 0.80 28,000,000 28,014,209 28,018,050 3,841

T-Bond 0.5 4/30/2017 912828K66 04/30/2017 0.71 4,000,000 3,997,551 3,999,720 2,169

T-Bond 0.625 8/31/2017 912828TM2 08/31/2017 0.75 7,000,000 6,995,071 6,994,540 (531)

T-Bond 0.625 8/31/2017 912828TM2 08/31/2017 0.79 2,000,000 1,998,102 1,998,440 338

T-Bond 0.75 12/31/2017 912828UE8 12/31/2017 1.03 4,000,000 3,989,616 3,993,440 3,824

T-Bond 0.75 2/28/2018 912828UR9 02/28/2018 0.72 5,000,000 5,002,558 4,988,300 (14,258)

T-Bond 0.875 1/1/2017 912828RX0 01/01/2017 0.61 4,000,000 4,000,000 4,000,000 -

T-Bond 0.875 1/31/2018 912828UJ7 01/31/2018 0.86 3,000,000 3,000,758 2,997,780 (2,978)

T-Bond 0.875 2/12/2017 912828SJ0 02/12/2017 0.72 2,000,000 2,000,610 2,001,340 730

T-Bond 0.875 3/31/2018 912828Q45 03/31/2018 0.73 2,000,000 2,004,144 1,997,420 (6,724)

T-Bond 3.25 1/1/2017 912828MD9 01/01/2017 0.76 4,000,000 4,000,000 4,000,000 -

T-Note 0.5 2/28/2017 912828J35 02/28/2017 0.38 8,000,000 8,001,469 8,000,720 (749)

T-Note 2.75 5/31/2017 912828NG1 05/31/2017 0.54 10,000,000 10,088,816 10,086,700 (2,116)

Sub Total/Average US Treasury 0.67 55,000,000 55,078,695 55,058,400 (20,295) Total / Average 0.79 149,319,314 149,412,218 149,395,764 (16,453)



Morgan Stanley



US Treasury

10


December 31, 2016


Annualized TRR‐BV


Ending Book Value

Ending Market Value


Value

Water Cost Stablization PortfolioTotal / Average 0.64 ‐ ‐ ‐ ‐

Bank United 0.749 2/11/2017 1815062356 02/11/2017 0.77 5,000,000 5,000,000 5,000,000 -

Bank United 1.3 8/10/2019 1815065310 08/10/2019 1.33 1,600,000 1,600,000 1,600,000 -

BankUnited 1.1 12/4/2017 1815055677 12/04/2017 1.13 10,000,000 10,000,000 10,000,000 -


FHLB MBS 4.75 5/18/2018 3133XR5E6 05/18/2018 4.86 50,355 50,376 52,337 1,961

FNMA MBS 3.5 12/25/2018 31397NNJ0 12/25/2018 2.68 14,889 14,989 15,064 75

FNMA MBS 4 3/25/2019 31396YXY3 03/25/2019 4.35 160,755 160,526 163,172 2,646

GNMA MBS 5 6/15/2018 36213FTP8 06/15/2018 4.72 152,453 152,724 157,167 4,443

Sub Total/Average Collaterized Mortage Obligations 4.50 378,452 378,615 387,741 9,125

Anheuser-Bush 6.875 11/15/2019 03523TBH0 11/15/2019 1.44 3,000,000 3,454,165 3,394,140 (60,025)

Anheuser-Bush 7.75 1/15/2019 03523TBE7 01/15/2019 1.43 2,400,000 2,702,874 2,673,288 (29,586)

General Elec Cap Corp 6 8/7/2019 36962G4D3 08/07/2019 2.37 4,000,000 4,365,404 4,419,480 54,076

JPMorgan Chase 3.25 9/23/2022 46625HJE1 09/23/2022 3.45 4,000,000 3,992,625 4,045,160 52,535

Oracle 2.4 9/15/2023 68389XBL8 09/15/2023 2.35 5,000,000 5,045,456 4,844,000 (201,456)

Sub Total/Average Corporate Bonds 2.29 18,400,000 19,560,523 19,376,068 (184,455)

AIM Investments MM AIM N/A 0.38 208,903 208,903 208,903 -

Sub Total/Average Money Market Accounts 0.38 208,903 208,903 208,903 -

Fl Hurricane Ser 2.107 7/1/2018 34074GDG6 07/01/2018 2.11 5,000,000 5,006,157 5,050,150 43,993

Massachusetts St Dev Fin Agy Revenue 2.656 7/1/202 57583U5Q7 07/01/2021 2.30 1,070,000 1,089,962 1,074,815 (15,147)

New York City Tran 2.75 2/1/2021 64971WSW1 02/01/2021 2.18 7,000,000 7,172,821 7,098,770 (74,051)

Philadelphia Sch Dist PA 5.139 6/1/2018 717883KN1 06/01/2018 2.17 1,500,000 1,562,954 1,549,395 (13,559)

Sub Total/Average Taxable Municipals 2.17 14,570,000 14,831,894 14,773,130 (58,764)

FHLMC 0.75 1/12/2018 3137EADN6 01/12/2018 1.31 3,300,000 3,282,817 3,293,268 10,451

FNMA 1.6 12/24/2020-14 3135G0SY0 12/24/2020 2.60 7,000,000 6,769,752 6,934,690 164,938

FNMA 4.377 1/23/2018 31398ALG5 01/23/2018 1.39 6,715,000 6,928,236 6,935,991 7,754

Sub Total/Average U.S. Instrumentalities Bonds & Notes 1.85 17,015,000 16,980,805 17,163,949 183,144 Total / Average 1.86 67,172,355 68,560,741 68,509,791 (50,951)

Total City Investment Policy (General) 1.48 582,521,535 590,350,338 589,952,268 (398,070)

City Alternate Investment PolicyWater Cost Stablization Ishares Core High Dividend ETF 46429B663 3,999,944 4,253,312 253,368 Ishares Russell 1000 Value ETF 464287598 3,999,924 4,315,508 315,583 Vanguard Dividend Appreciation ETF 921908844 3,999,945 4,189,238 189,293 Vanguard High Dividend Yield ETF 921946406 4,002,146 4,390,417 388,271 Vanguard S&P 500 ETF 922908363 3,999,823 4,332,657 332,834 Total Water Cost Stablization 20,001,781 21,481,131 1,479,350

Parks And Recreation AccountCash With Fiscal Agent (5,674) (5,674) ‐Bonds and Notes 6,436,179 6,474,164 37,985 Equities 8,393,111 9,299,398 906,287 Total Parks And Recreation Account 14,823,616 15,767,888 944,272

Total City Alternate Investment Policy 34,825,398 37,249,019 2,423,621

Total Portfolio 625,175,735 627,201,287 2,025,551

Note: Total Book Value Parks Preservation 14,823,616 15,767,888 944,272



Collaterized Mortage Obligations

Corporate Bonds


Taxable Municipals

11


December 31, 2016


Annualized TRR‐BV


Ending Book Value

Ending Market Value


Value

Liquidity DisclosureInvestments due to mature within 1 year $ 187,895,739 SBA A 22,834,146 AIM 6,518,309 Morgan Stanley 17,531,604 Concentration Account 12/31/2016 43,412,797 Total Investments due to mature within 1 year $ 278,192,596 Minimum Required $ 90,000,000

Difference $ 188,192,596

12

CITY OF ST. PETERSBURG, FLINDEX FUNDS

AT December 31, 2016

Ishares Core High Dividend

ETF

Ishares Russell 1000

Value ETF

Vanguard Dividend

Appreciation ETF

Vanguard High Dividend Yield

ETF Vanguard S&P

500 ETF Total 46429B663 464287598 921908844 921946406 922908363

Cost - February 17, 2015 3,999,944 3,999,924 3,999,945 4,002,146 3,999,823 20,001,781

Market ValueJanuary 2015 n/a n/a n/a n/a n/a n/a

Gain / (Loss)

February 2015 n/a n/a n/a n/a n/a n/aGain / (Loss)

March 2015 3,877,883 3,970,745 3,957,595 3,957,575 3,992,688 19,756,486 Gain / (Loss) (122,061) (29,179) (42,350) (44,571) (7,135) (245,295)

April 2015 3,990,615 4,005,799 3,949,234 4,024,790 4,032,786 20,003,224 Gain / (Loss) (9,329) 5,875 (50,711) 22,644 32,963 1,443

May 2015 3,960,622 4,055,491 3,987,104 4,039,856 4,083,219 20,126,292 Gain / (Loss) (39,322) 55,567 (12,841) 37,710 83,397 124,510

June 2015 3,819,965 3,906,800 3,872,020 3,889,781 3,957,024 19,445,590 Gain / (Loss) (179,978) (93,125) (127,925) (112,365) (42,799) (556,192)

July 2015 3,859,784 3,964,196 3,948,251 3,941,930 4,071,824 19,785,985 Gain / (Loss) (140,160) (35,728) (51,694) (60,215) 72,001 (215,797)

August 2015 3,672,069 3,727,677 3,716,608 3,718,846 3,821,964 18,657,165 Gain / (Loss) (327,875) (272,247) (283,337) (283,300) (177,858) (1,344,617)

September 2015 3,598,121 3,593,239 3,626,607 3,630,192 3,708,008 18,156,167 Gain / (Loss) (401,823) (406,685) (373,338) (371,954) (291,814) (1,845,615)

October 2015 3,889,777 3,863,271 3,871,037 3,935,556 4,021,388 19,581,028 Gain / (Loss) (110,167) (136,653) (128,908) (66,589) 21,565 (420,753)

November 2015 3,845,821 3,880,606 3,881,365 3,944,248 4,038,481 19,590,521 Gain / (Loss) (154,122) (119,319) (118,580) (57,898) 38,659 (411,261)

December 2015 3,855,130 3,827,447 3,886,774 3,929,762 4,013,791 19,512,904 Gain / (Loss) (144,814) (172,477) (113,171) (72,384) 13,968 (488,877)

January 2016 3,800,315 3,570,511 3,736,772 3,758,827 3,751,058 18,617,484 Gain / (Loss) (199,629) (429,413) (263,172) (243,318) (248,764) (1,384,297)

February 2016 3,837,030 3,570,511 3,779,068 3,777,949 3,743,250 18,707,809 Gain / (Loss) (162,913) (429,413) (220,877) (224,197) (256,572) (1,293,972)

March 2016 4,034,053 3,806,260 3,995,956 4,000,454 3,979,182 19,815,905 Gain / (Loss) 34,109 (193,664) (3,989) (1,692) (20,641) (185,876)

April 2016 4,077,491 3,886,384 3,982,677 4,029,426 3,993,110 19,969,088 Gain / (Loss) 77,547 (113,541) (17,267) 27,280 (6,713) (32,694)

May 2016 4,142,648 3,943,395 4,020,547 4,085,631 4,063,172 20,255,393 Gain / (Loss) 142,704 (56,530) 20,602 83,486 63,349 253,612

June 2016 4,248,141 3,976,523 4,093,826 4,140,678 4,055,997 20,515,165 Gain / (Loss) 248,197 (23,402) 93,882 138,533 56,174 513,384

July 2016 4,187,762 4,238,024 4,205,406 4,067,047 4,279,168 20,977,407 Gain / (Loss) 187,818 238,100 205,461 64,901 279,345 975,626

August 2016 4,233,144 4,098,249 4,188,254 4,225,276 4,210,471 20,955,395 Gain / (Loss) 233,200 98,325 188,309 223,131 210,648 953,613

September 2016 4,203,151 4,068,588 4,127,761 4,180,080 4,192,955 20,772,536 Gain / (Loss) 203,207 68,664 127,817 177,934 193,133 770,755

October 2016 4,099,727 4,007,725 4,048,088 4,126,772 4,117,828 20,400,140 Gain / (Loss) 99,783 7,801 48,143 124,626 118,006 398,359

November 2016 4,152,991 4,233,843 4,168,582 4,301,183 4,271,247 21,127,846 Gain / (Loss) 153,047 233,919 168,637 299,037 271,425 1,126,064

December 2016 4,253,312 4,315,508 4,189,238 4,390,417 4,332,657 21,481,131 Gain / (Loss) 253,368 315,583 189,293 388,271 332,834 1,479,350

Net Asset ValueChange from February 17, 2015 to December 31, 2016 6.33% 7.89% 4.73% 9.70% 8.32%

13

CITY OF ST. PETERSBURG, FLINDEX FUNDS

AT December 31, 2016


ETF


Value ETF

Vanguard Dividend

Appreciation ETF


ETF Vanguard S&P

500 ETF Total 46429B663 464287598 921908844 921946406 922908363

Cost - February 17, 2015 3,999,944 3,999,924 3,999,945 4,002,146 3,999,823 20,001,781

Dividends ReceivedJanuary 2015 n/a n/a n/a n/a n/a n/aFebruary 2015 n/a n/a n/a n/a n/a n/aMarch 2015 37,068 19,814 22,574 26,770 20,765 126,991 April 2015 - - - - - - May 2015 - - - - - - June 2015 37,480 - - - 19,035 56,515 July 2015 - 27,877 21,738 32,449 - 82,064 August 2015 - - - - - - September 2015 - - 21,787 30,594 20,111 72,493 October 2015 37,345 19,859 - - - 57,204 November 2015 - - - - - - December 2015 37,009 25,708 23,361 34,708 23,044 143,830 January 2016 - - - - - - February 2016 - - - - - - March 2016 34,999 23,504 20,164 27,697 21,230 127,594 April 2016 - - - - - - May 2016 - - - - - - June 2016 35,134 - 21,935 33,492 20,111 110,672 July 2016 - 23,719 - - - 23,719 August 2016 - - - - - - September 2016 35,558 20,074 19,328 27,987 18,634 121,582 October 2016 - November 2016 - December 2016 33,907 29,791 28,377 38,649 27,349 158,074

Cumulative Total 288,500 190,347 179,265 252,346 170,280 1,080,738

14

CITY OF ST. PETERSBURG, FLHISTORICAL INVESTMENT INFORMATION - MOST RECENT FOUR QUARTERS

December 31, 2016

Book Market Book Market Book Market Book Market

Value Value Value Value Value Value Value Value

CITY INVESTMENT POLICY (General)Short-Term Portfolio: Certificates of Deposit 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 10,000,000 - - Money Market Accounts 8,424,901 8,424,901 8,406,431 8,406,431 8,391,288 8,391,288 8,378,310 8,378,310

Total 18,424,901$ 18,424,901$ 18,406,431$ 18,406,431$ 18,391,288$ 18,391,288$ 8,378,310$ 8,378,310$

Core Portfolio: Certificates of Deposit 27,750,000 27,750,000 27,750,000 27,750,000 22,750,000 22,750,000 33,000,000 33,000,000

Mortgage Backed Securities 645,539 663,467 750,458 774,254 865,280 896,507 987,977 1,025,055

Externally Managed - Columbia (now BlackRock) 1,046,539 778,082 1,442,808 1,187,738 1,470,254 1,138,890 1,437,046 1,124,207

Corporate 97,288,363 97,538,455 83,396,340 84,521,370 80,598,847 81,864,945 81,058,617 81,993,360

Non Taxable Municipals 545,000 567,089 545,000 574,452 790,000 827,952 790,000 833,758

Taxable Municipals 83,394,940 83,434,786 77,936,268 79,661,527 78,993,301 80,834,449 80,039,989 81,579,687

U.S. Instrumentalities Bonds & Notes 90,427,179 89,935,409 75,773,709 77,024,567 75,784,114 77,424,413 72,336,447 73,565,025 US Treasury 37,869,601 37,963,642 23,175,917 23,686,275 33,247,950 33,918,025 33,319,200 33,800,830

Total 338,967,160$ 338,630,931$ 290,770,499$ 295,180,183$ 294,499,746$ 299,655,181$ 302,969,277$ 306,921,923$

Debt Service Related Portfolio: Certificates of Deposit - - - - 5,000,000 5,000,000 - -

Corporate Bonds 2,054,377 2,059,940 2,073,935 2,087,140 2,093,279 2,112,780 2,112,407 2,135,460

Money Market Accounts 12,930,941 12,930,941 8,916,974 8,916,974 8,905,037 8,905,037 8,894,390 8,894,390 U.S. Treasury - - - - 5,005,632 5,008,050 5,011,204 5,014,050

Total 14,985,317$ 14,990,881$ 10,990,909$ 11,004,114$ 21,003,948$ 21,025,867$ 16,018,000$ 16,043,900$

Bond Proceeds Portfolio: Certificate of Deposit 41,000,000 41,000,000 29,000,000 29,000,000 26,000,000 26,000,000 26,000,000 26,000,000

Money Market Accounts 25,319,314 25,319,314 29,282,292 29,282,292 29,251,542 29,251,542 29,224,709 29,224,709

U.S. Instrumentalities Bonds & Notes 28,014,209 28,018,050 19,041,110 19,070,850 37,073,036 37,136,060 41,145,382 41,182,280 U.S. Treasury 55,078,695 55,058,400 30,018,819 30,051,000 23,034,811 23,096,790 33,079,942 33,121,960

Total 149,412,218$ 149,395,764$ 107,342,220$ 107,404,222$ 115,359,389$ 115,484,392$ 129,450,032$ 129,528,949$

Water Cost Stabilization Portfolio: Certificates of Deposit 16,600,000 16,600,000 16,600,000 16,600,000 15,000,000 15,000,000 10,000,000 10,000,000

Mortgage Backed Securities 378,615 387,741 467,028 479,308 553,583 568,924 651,893 672,451

Corporate 19,560,523 19,376,068 19,674,937 19,964,330 13,428,456 13,773,100 18,464,817 18,824,940

Money Market Accounts 208,903 208,903 208,735 208,735 208,584 208,584 208,445 208,445

Taxable Municipals 14,831,894 14,773,130 14,855,985 15,046,844 14,969,857 15,143,775 14,993,510 15,076,714 U.S. Instrumentalities Bonds & Notes 16,980,805 17,163,949 17,012,936 17,329,355 24,079,734 24,417,873 24,112,277 24,471,213

Total 68,560,741$ 68,509,791$ 68,819,621$ 69,628,571$ 68,240,213$ 69,112,255$ 68,430,943$ 69,253,764$

Parks Preservation Portfolio Transferred to CIP Fund: Certificates of Deposit - - - - 2,050,000 2,050,000 3,850,000 3,850,000

Total -$ -$ -$ -$ 2,050,000$ 2,050,000$ 3,850,000$ 3,850,000$

TOTAL - CITY INVESTMENT POLICY (General) 590,350,338$ 589,952,268$ 496,329,680$ 501,623,521$ 519,544,584$ 525,718,982$ 529,096,562$ 533,976,845$

CITY ALTERNATE INVESTMENT POLICYWater Cost Stabilization Portfolio:Index Funds 20,001,781 21,481,131 20,001,781 20,772,536 20,001,781 20,515,165 20,001,781 19,815,905

Total 20,001,781$ 21,481,131$ 20,001,781$ 20,772,536$ 20,001,781$ 20,515,165$ 20,001,781$ 19,815,905$

Parks Preservation (Weeki Wachee) Portfolio:

Alliance Bernstein - Equities Manager - - - - - - - -

Marco Investments - Fixed Income Manager - - - - - - - - Parks and Recreation Account 14,823,616 15,767,888 14,824,567 15,584,503 15,718,478 16,306,035 17,455,743 17,908,140

Total 14,823,616$ 15,767,888$ 14,824,567$ 15,584,503$ 15,718,478$ 16,306,035$ 17,455,743$ 17,908,140$

TOTAL - CITY ALTERNATE INVESTMENT POLICY 34,825,398$ 37,249,019$ 34,826,348$ 36,357,039$ 35,720,259$ 36,821,200$ 37,457,524$ 37,724,045$

TOTAL 625,175,735$ 627,201,287$ 531,156,029$ 537,980,560$ 555,264,843$ 562,540,182$ 566,554,087$ 571,700,891$

12/31/16 Qtr. End 9/30/16 Qtr. End 6/30/16 Qtr. End 3/31/16 Qtr. End

15

Market

Book Value

Value Market Adjusted Merrill Lynch

Quarter Rate of Value Rate of Avg Inst'l Money 1-5

Ending Return (2) Adjustments Return (3) Markets (1) Index

3/31/2012 1.26% 0.37% 1.63% 0.03% 0.33%

6/30/2012 1.36% -0.02% 1.34% 0.03% 0.43%

9/30/2012 1.47% -0.02% 1.45% 0.04% 0.46%

12/31/2012 1.33% -0.01% 1.32% 0.04% 0.16%

3/31/2013 1.22% -0.02% 1.20% 0.04% 0.14%

6/30/2013 1.11% -4.46% -3.35% 0.04% -0.75%

9/30/2013 1.19% 0.72% 1.91% 0.04% 0.52%

12/31/2013 1.24% -1.10% 0.14% 0.04% 0.11%

3/31/2014 1.32% 0.83% 2.15% 0.03% 0.34%

6/30/2014 1.35% 0.49% 1.84% 0.03% 0.54%

9/30/2014 1.32% -1.05% 0.27% 0.03% 0.00%

12/31/2014 1.33% 0.47% 1.80% 0.03% 0.42%

3/31/2015 1.37% 1.87% 3.24% 0.03% 0.79%

6/30/2015 1.41% -1.85% -0.44% 0.03% 0.09%

9/30/2015 1.52% 1.30% 2.82% 0.03% 0.58%

12/31/2015 1.65% -2.55% -0.90% 0.03% -0.49%

3/31/2016 1.73% 4.93% 6.66% 0.03% 1.26%

6/30/2016 1.64% 1.07% 2.71% 0.39% 0.59%

9/30/2016 1.57% 0.16% 1.73% 0.45% 0.00%

12/31/2016 1.69% -4.67% -2.98% 0.56% -0.54%

Simple Average forthe 5 year Period 1.40% -0.18% 1.23% 0.10% 0.25%

(1) Comparison to the average of the Institutional Governmental Money Market accounts.

(2) Reflects the time weighted rate of return for the current quarter using a book value approach expressed on an

annualized basis.

(3) Reflects the time weighted rate of return for the current quarter using a market value approach expressed on an

annualized basis.

CITY OF ST. PETERSBURGMarket Adjusted

Investment Policy (General) Portfolio Earnings Rates excluding Overnight InvestmentsPrior Five Years

16

CITY OF ST. PETERSBURGMarket Adjusted

Investment Policy (General) Portfolio Earnings Rates excluding Overnight InvestmentsPrior Five Years

On December 31, 2016, the City's Investment Portfolio was comprised of the investments shown on the

attached analysis of invested values. The total City Portfolio (excluding portfolios governed by the Alternate

Policy) of investment earnings and rates of return are summarized below.

Total Investment Amortized Investment Rate ofPortfolio Book Value Earnings Return

January 2016 471,603,176$ 671,885$ 1.720%

February 2016 481,451,973 588,977 1.480% March 2016 529,096,562 671,089 1.670%

Quarterly Average 494,050,570$ 643,984$ 1.623%

April 2016 507,041,849$ 657,672$ 1.550%

May 2016 538,670,750 679,654 1.560% June 2016 519,515,061 651,754 1.480%


July 2016 504,848,692$ 667,077$ 1.690%

August 2016 509,977,986 633,294 1.520% September 2016 496,329,681 642,313 1.500%


October 2016 496,775,638$ 669,546$ 1.630%

November 2016 544,070,339 646,081 1.530% December 2016 590,350,338 759,488 1.610%


Total twelve months of earnings 7,938,831$ 1.58%

The twelve month average rate of return for the City's investment portfolio was 1.58% and 1.36% as of

December, 2016 and 2015, respectively, compared to the average of the Institutional Governmental Money

Market accounts 0.56% for December 31, 2016 and .03% for December 31, 2015.

17

CUSIP DescriptionSecurity Structure

Credit Rating S & P or Moody's

Annualized True Rate of

Return Call Date Maturity DateSettlement

Date Face Amount/

Shares

Purchases1815068140 BankUnited 0.77 5/18/2017 Certificate Of N/A 0.78% n/a 5/18/2017 11/21/16 3,000,000

1815068141 BankUnited 1.09 11/18/2017 Certificate Of N/A 1.10% n/a 11/18/2017 11/21/16 3,000,000




912828NG1 T‐Note 2.75 5/31/2017 Treasury Note AAA 0.55% n/a 5/31/2017 11/21/16 10,000,000

912828J35 T‐Note 0.5 2/28/2017 Treasury Note AAA 0.37% n/a 2/28/2017 11/21/16 8,000,000

3130A5EP0 FHLB 0.625 5/30/2017 FHLB Bond Aaa 0.65% n/a 5/30/2017 11/21/16 4,000,000

3130A62S5 FHLB 0.75 8/28/2017 FHLB Bond Aaa 0.76% n/a 8/28/2017 11/21/16 3,000,000

912828TM2 T‐Bond 0.625 8/31/2017 Treasury Bond AAA 0.74% n/a 8/31/2017 11/21/16 7,000,000

64971WP20 New York 1.65 8/1/2021 Municipal Bond AA1 2.54% n/a 8/1/2021 12/6/16 4,000,000

912828S27 T‐Note 1.125 6/30/2021 Treasury Note AAA 2.20% n/a 6/30/2021 12/16/16 10,000,000

3133EGS71 FFCB 2.29 9/6/2022 FFCB Bond Aaa 2.41% n/a 9/6/2022 12/6/16 4,800,000

64952WCJ0 NY Life 1.7 9/14/2021 Corporate Bond AAA 2.57% n/a 9/14/2021 12/6/16 6,000,000

912828L57 T‐Bond 1.75 9/30/2022 Treasury Bond AAA 2.12% n/a 9/30/2022 12/2/16 5,200,000

313385CL8 FHLB 0 2/28/2017 FHLB Bond AAA 0.51% n/a 2/28/2017 11/18/16 4,000,000

89236TDK8 Toyota 2.25 10/18/2023 Corporate Bond Aa3 3.22% n/a 10/18/2023 12/20/16 9,000,000

65819WAH6 NC State Power Agency 3.808 Municipal Bond A‐ 3.33% n/a 7/1/2023 12/20/16 1,000,000

3133EGY41 FFCB 2.33 6/21/2022 FFCB Bond AAA 2.49% n/a 6/21/2022 12/21/16 10,000,000

709224SJ9 PA Turnpike 2.928 12/1/2025 Municipal Bond AAA 2.85% n/a 12/1/2025 10/20/16 850,000 Total Purchases 98,850,000

Partial Call / CalledTotal Calls ‐

Matured3133XHZK1 FHLB 4.75 12/16/2016 FHLB Bond Aaa 0.64% n/a 12/16/2016 12/16/16 2,000,000 Total Matured 2,000,000

Total Called and Matured 2,000,000

CITY OF ST. PETERSBURGQUARTER ACTIVITY

October 1, 2016 through December 31, 2016

18

Certificates of Deposit, 15.25%

Columbia (now BlackRock), 0.17%

Corporate Bonds 19.02%

Index Funds, 3.20%

AIM Investements, 3.20%

Morgan Stanley, 1.04%

Non Taxable Municipals, 2.80%State Board Admin Fund A,

0.09%

Taxable Municipals, 3.65%

U.S. Instrumentalities, 21.66%

US Treasury, 14.87%

Parks Preservations, 2.37%

Collaterized Mortgage Obligations, 0.16%

Amortized Book Value Total PortfolioDecember 31, 2016



Corporate Bonds, 19.00%

Index Funds, 3.43%AIM Investements, 1.04%


Non Taxable Municipals, 0.09%

State Board Admin Fund A, 3.65%



US Treasury, 14.86%

Alliance Bernstein, 2.52%Collaterized Mortgage Obligations, 0.17%

Market Value Total PortfolioDecember 31, 2016

19

0.0

3

0.0

3

0.0

4

0.0

4

0.0

4

0.0

4

0.0

4

0.0

4

0.0

3

0.0

3

0.0

3

0.0

3

0.0

3

0.0

3

0.0

3

0.0

3

0.0

3 0.3

9

0.4

5

0.5

6

1.2

6 1.4

2

1.4

7

1.3

3

1.2

2

1.1

1

1.1

9

1.2

4

1.3

2

1.3

5

1.3

2

1.3

3

1.3

7

1.4

1

1.5

2

1.6

5

1.7

3

1.6

4

1.5

7

1.6

9

0.330.43

0.46

0.16 0.14

-0.75

0.52

0.11

0.340.54

0

0.42

0.79

0.09 0.58

-0.49

1.26

0.59

0.002

-0.54

‐1.00

0.00

1.00

2.00

3.00

4.00

5.00

3/12

6/12

9/12

12/12

3/13

6/13

9/13

12/13

3/14

6/14

9/14

12/14

3/15

6/15

9/15

12/15

3/16

6/16

9/16

12/31

Portfolio's Book Value Earnings RatesPrior Five Years

December 31, 2016Institutional Money Markets

City

Merrill Lynch

0.0

3

0.0

3

0.0

4

0.0

4

0.0

4

0.0

4

0.0

4

0.0

4

0.0

3

0.0

3

0.0

3

0.0

3

0.0

3

0.0

3

0.0

3

0.0

3

0.0

3 0.3

9

0.4

5

0.5

6

1.6

3

1.3

4

1.4

5

1.3

2

1.2

-3.3

5

1.9

1

0.1

4 2.1

5

1.8

4

0.2

7 1.8

3.24

-0.4

4

2.8

2

-0.9

6.6

62.7

1

1.7

3

-2.9

8

0.33 0.43 0.460.16 0.14

-0.75

0.52 0.11 0.34 0.54 0 0.420.79 0.09

0.58 -0.49

1.26

0.59 0.002 -0.54

‐6

‐4

‐2

0

2

4

6

8

10

3/12

6/12

9/12

12/12

3/13

6/13

9/13

12/13

3/14

6/14

9/14

12/14

3/15

6/15

9/15

12/15

3/16

6/16

9/16

12/31

Portfolio's Market Adjusted Earnings RatesPrior Five Years

December 31, 2016Institutional Money Markets

City

Merrill Lynch

20

Debt

21


To: Rick Kriseman, Mayor

Members of City Council Gary Cornwell, City Administrator

From: Anne Fritz, Finance Director Date: February 1, 2017 Subject: Quarterly Debt Report – December 31, 2016

The attached Quarterly Debt Report summarizes information regarding significant general governmental debt and enterprise debt outstanding as of December 31, 2016. The General Governmental Debt Service graphs and supporting schedule as of December 31, 2016 provides a summary of future funding sources available for general governmental debt outstanding for fiscal years 2017 and beyond. The Public Service Tax Revenue Bonds proceeds are to be used for constructions costs of the Pier and the Pier Approach projects. The Water Resources, Stormwater, Sanitation and Marina graphs and supporting schedules provide a detailed view of future debt service payments for fiscal years 2017 and beyond. The analysis also includes the approved Public Utility Refunding Revenue Bonds, Series 2016B $53,025,000 and Public Utility Revenue Bonds, 2016C $45,115,000 issued during the first quarter of fiscal year 2017. Both the General Governmental Debt Service Principal and Interest graph and the Enterprise Debt Service Principal and Interest graph provide a summary of future debt principal and interest due for fiscal years 2017 and beyond. Future funding sources and principal and interest of general governmental debt and enterprise are subject to change upon new issuances of debt.

22

City of St. Petersburg, Florida General Government Debt As of December 31, 2016

The City of St. Petersburg, Florida has the following general government debt outstanding as of December 31, 2016 by debt issuance.

Debt Principal Interest Total

BB&T Non Ad Valorem Revenue Note, Series 2010 1,080,000 56,444 1,136,444

JP Morgan Chase Non Ad Valorem Refunding Revenue

Note, Series 2011 (Mahaffey Theater) 11,080,239 414,911 11,495,150

JP Morgan Chase Non Ad Valorem Refunding Revenue

Note, Series 2011 (Repayment of Section 108 Loan) 382,761 14,333 397,094

Professional Sports Facility Sales Tax Refunding

Revenue Bond, Series 2014 16,340,000 2,184,741 18,524,741

Public Service Tax Revenue Bonds, Series 2016A (Pier)

37,695,000 13,451,971 51,146,971

Public Service Tax Revenue Bonds, Series 2016B (Pier

Approach) 18,510,000 5,982,469 24,492,469

85,088,000 22,104,868 107,192,868

-

10,000

20,000

30,000

40,000

50,000

60,000

BB&T Non Ad

Valorem Revenue

Note, Series 2010

JP Morgan Chase

Non Ad Valorem

Refunding Revenue

Note, Series 2011

(Mahaffey Theater)

JP Morgan Chase

Non Ad Valorem

Refunding Revenue

Note, Series 2011

(Repayment of

Section 108 Loan)

Professional Sports

Facility Sales Tax

Refunding Revenue

Bond, Series 2014

Public Service Tax

Revenue Bonds,

Series 2016A (Pier)

Public Service Tax

Revenue Bonds,

Series 2016B (Pier

Approach)

Do

lla

rs (

In T

ho

usa

nd

s)

Outstanding Debt Issuance

City of St. Petersburg

General Governmental Debt Service - Principal and Interest Detail

As of December 31, 2016

Principal Interest

23


General government debt service payments due fiscal year 2017 through repayment fiscal year 2032 are depicted below.

Fiscal year Principal Interest Total

FY17 5,083,000 2,654,029 7,737,029

FY18 5,234,000 2,485,199 7,719,199

FY19 5,270,000 2,354,772 7,624,772

FY20 5,376,000 2,218,426 7,594,426

FY21 2,930,000 2,098,029 5,028,029

FY22 5,645,000 1,940,978 7,585,978

FY23 5,850,000 1,723,435 7,573,435

FY24 6,075,000 1,497,300 7,572,300

FY25 6,305,000 1,262,116 7,567,116

FY26 6,050,000 1,024,066 7,074,066

FY27 4,855,000 839,209 5,694,209

FY28 4,990,000 703,063 5,693,063

FY29 5,130,000 561,222 5,691,222

FY30 5,270,000 409,800 5,679,800

FY31 5,430,000 249,300 5,679,300

FY32 5,595,000 83,925 5,678,925

85,088,000 22,104,868 107,192,868

-

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32

Do

lla

rs (

In

Th

ou

san

ds)

Fiscal Year


General Governmental Debt Service - Principal and Interest


Principal Interest

24


Funding sources for general government debt service payments fiscal year 2017 through 2032. Debt funding may not align in the same year as the debt service payments as some are pre-funded to the debt service funds and funding amounts may include additional expenditures for loan fees.

Trans In Pro Sports Fac Rev

Fund (1051)

Transfer from Community

Development Fund (1111)

Transfer from Redev Rev

Fund (1105) Grand Total

2017

1,920,423.50

303,464.50

5,551,726.40

7,775,614.40

2018

1,925,184.50

297,598.89

5,807,369.03

8,030,152.42

2019

1,923,762.00

293,580.20

5,776,960.74

7,994,302.94

2020

1,921,287.50

289,508.26

5,804,720.25

8,015,516.01

2021

1,927,761.00

198,749.55

5,992,255.00

8,118,765.55

2022

1,922,919.50

5,761,337.50

7,684,257.00

2023

1,922,026.00

5,765,587.50

7,687,613.50

2024

1,924,949.00

5,762,037.50

7,686,986.50

2025

1,426,557.00

5,765,687.50

7,192,244.50

2026

5,760,887.50

5,760,887.50

2027

5,762,531.26

5,762,531.26

2028

5,763,593.76

5,763,593.76

2029

5,758,850.00

5,758,850.00

2030

5,760,750.00

5,760,750.00

2031

5,762,850.00

5,762,850.00

Grand

Total

16,814,870.00

1,382,901.40

86,557,143.94

104,754,915.34

25

City of St. Petersburg, Florida Enterprise Debt – Water Resources


The Water Resources Fund has various issues of Public Utility Bonds and State Revolving Loans outstanding. The related debt service payments due fiscal year 2017 through repayment fiscal year 2047 are depicted below.

The funding source for the Water Resources bonds and loans are Water Resources fund operating charges for services and Federal Program interest subsidy. The Direct Subsidy amount disclosed below is subject to sequestration reductions.

Water Resources bonds and loans information continued on the next page

-

5,000,000.00

10,000,000.00

15,000,000.00

20,000,000.00

25,000,000.00

FY

17

FY

18

FY

19

FY

20

FY

21

FY

22

FY

23

FY

24

FY

25

FY

26

FY

27

FY

28

FY

29

FY

30

FY

31

FY

32

FY

33

FY

34

FY

35

FY

36

FY

37

FY

38

FY

39

FY

40

FY

41

FY

42

FY

43

FY

44

FY

45

FY

46

FY

47


Water Fund-Principal and Interest


Principal Interest

26

City of St. Petersburg, Florida Enterprise Debt – Water Resources (continued)


Detailed debt service amounts are as follows:

FISCAL

YEAR Principal Interest Total

FISCAL


FY17

8,506,465.76

15,187,642.11

23,694,107.87 FY33

17,064,613.67

9,316,259.11

26,380,872.78

FY18

9,629,563.04

15,874,147.85

25,503,710.89 FY34

17,455,000.00

8,691,391.27

26,146,391.27

FY19

10,668,460.37

15,477,271.20

26,145,731.57 FY35

18,140,000.00

8,015,125.02

26,155,125.02

FY20

10,371,213.85

15,098,508.57

25,469,722.42 FY36

18,850,000.00

7,284,678.14

26,134,678.14

FY21

10,188,150.46

14,739,809.30

24,927,959.76 FY37

19,925,000.00

6,500,456.26

26,425,456.26

FY22

10,606,814.69

14,402,638.26

25,009,452.95 FY38

20,645,000.00

5,661,818.76

26,306,818.76

FY23

10,711,547.29

14,009,191.16

24,720,738.45 FY39

21,550,000.00

4,785,595.01

26,335,595.01

FY24

10,385,837.01

13,616,309.98

24,002,146.99 FY40

22,320,000.00

3,867,294.39

26,187,294.39

FY25

10,603,198.03

13,215,345.09

23,818,543.12 FY41

23,605,000.00

2,722,320.64

26,327,320.64

FY26

11,023,153.81

12,808,126.81

23,831,280.62 FY42

13,825,000.00

1,772,705.64

15,597,705.64

FY27

11,423,350.29

12,393,539.08

23,816,889.37 FY43

14,390,000.00

1,213,715.64

15,603,715.64

FY28

11,826,793.97

11,976,987.90

23,803,781.87 FY44

10,590,000.00

707,287.51

11,297,287.51

FY29

12,232,491.47

11,585,123.52

23,817,614.99 FY45

5,805,000.00

375,015.63

6,180,015.63

FY30

15,545,449.62

11,110,022.24

26,655,471.86 FY46

4,120,000.00

183,962.50

4,303,962.50

FY31

16,095,675.43

10,520,333.93

26,616,009.36 FY47

2,590,000.00

51,800.00

2,641,800.00

FY32

16,691,176.09

9,922,227.64

26,613,403.73

417,383,954.85

273,086,650.16

690,470,605.01

27

City of St. Petersburg, Florida Enterprise Debt – Stormwater

As of December 31, 2016 The Stormwater Fund has one issue of Public Utility Bonds outstanding. The related debt service payments due fiscal year 2017 through repayment fiscal year 2029 are depicted below.

The funding source for the Stormwater bonds are Stormwater fund operating charges for services. Stomwater bonds information continued on the next page

-

500,000.00

1,000,000.00

1,500,000.00

2,000,000.00

2,500,000.00

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29


Stormwater Fund-Public Utility Revenue Refunding Bonds, Series 2016A

(Stormwater)

As of December 31,2016

Principal Interest

28

City of St. Petersburg, Florida Enterprise Debt – Stormwater (continued)

As of December 31, 2016 Detailed debt service amounts are as follows:

FISCAL


FY17

-

217,678.12

217,678.12

FY18

370,000.00

345,047.50

715,047.50

FY19

376,000.00

338,520.00

714,520.00

FY20

1,770,000.00

319,742.50

2,089,742.50

FY21

1,800,000.00

288,505.00

2,088,505.00

FY22

1,832,000.00

256,725.00

2,088,725.00

FY23

1,864,000.00

224,385.00

2,088,385.00

FY24

1,896,000.00

191,485.00

2,087,485.00

FY25

1,930,000.00

158,007.50

2,088,007.50

FY26

1,964,000.00

123,935.00

2,087,935.00

FY27

1,998,000.00

89,267.50

2,087,267.50

FY28

2,034,000.00

53,987.50

2,087,987.50

FY29

2,068,000.00

18,095.00

2,086,095.00

19,902,000.00

2,625,380.62

22,527,380.62

29

City of St. Petersburg, Florida Enterprise Debt – Sanitation


The Sanitation Fund has two Non-Ad Valorem notes outstanding for the recycling program. The related debt service payments due fiscal year 2017 through repayment fiscal year 2023 are depicted below.

Fiscal Year Principal Interest Total

2017

965,000

35,244

1,000,244

2018

980,000

21,240

1,001,240

2019

985,000

7,092

992,092

2,930,000

63,576

2,993,576

Sanitation notes continued on the next page

940,000

950,000

960,000

970,000

980,000

990,000

1,000,000

1,010,000

2017 2018 2019


Sanitation Fund -Hancock Bank Non Ad Valorem Revenue Notes, Series

2014 - Recycling Containers


Fiscal Year Principal

30

City of St. Petersburg, Florida Enterprise Debt – Sanitation (continued)


Fiscal Year Principal Interest Total

2017

265,000

26,172

291,172

2018

270,000

22,320

292,320

2019

275,000

18,396

293,396

2020

280,000

14,400

294,400

2021

285,000

10,332

295,332

2022

285,000

6,228

291,228

2023

290,000

2,088

292,088

1,950,000

99,936

2,049,936

The funding source for the Sanitation notes are Sanitation fund operating charges for services.

245,000

250,000

255,000

260,000

265,000

270,000

275,000

280,000

285,000

290,000

295,000

300,000

2017 2018 2019 2020 2021 2022 2023

City of St. PetersburgSanitation Fund-Hancock Bank Non Ad Valorem Revenue Notes,

Series 2014 - Recycling Trucks


31

City of St. Petersburg, Florida Enterprise Debt – Marina As of December 31, 2016

The Marina Fund has one FFGFC note outstanding for marina improvements. The related debt service payments due fiscal year 2017 through repayment fiscal year 2022 are depicted below.

Fiscal

Year Principal Interest Total

2017

525,000.00

140,968.76

665,968.76

2018

545,000.00

119,968.76

664,968.76

2019

570,000.00

98,168.76

668,168.76

2020

590,000.00

75,368.76

665,368.76

2021

615,000.00

51,768.76

666,768.76

2022

640,000.00

26,400.00

666,400.00

3,485,000.00

512,643.80

3,997,643.80

The funding source for the Marina notes are Marina fund operating charges for services.

-

100,000.00

200,000.00

300,000.00

400,000.00

500,000.00

600,000.00

700,000.00

800,000.00

2017 2018 2019 2020 2021 2022

City of St. PetersburgMarina Fund-FFGFC Notes - 2007 Marina Project

Principal and Interest


First Florida Governmental Financing Commission Notes - 2007 Commission Note - Marina

Project Interest

First Florida Governmental Financing Commission Notes - 2007 Commission Note - Marina

Project Principal

32

CITY OF ST. PETERSBURG, FLPIER & PIER APPROACH PROJECTSLIFE TO DATEAS OF 12/31/2016

SourceGen Cap Imp

FY08 TIF FY10 TIF FY11 TIF FY12 TIF FY16

PST REVENUE BONDS ‐ PIER

(TIF)

PST REVENUE BONDS ‐ PIER APPROACH

(TIF) TOTAL TIF FY11 TIF FY12 TIF FY16

PST REVENUE BONDS ‐ PIER

(TIF)

PST REVENUE BONDS ‐ PIER APPROACH

(TIF) TOTAL Total TIF LTDAward 80482 80655 80760 80826 81114 81168 81171 80760 80826 81114 81168 81171

PIER VISIONING PROJECT 11988 ‐ New PierPrior to debt issuance of Public Service Tax Revenue Bonds as well as with Debt Issuance of Public Service Tax Revenue Bonds Series 2016 A($40M) ‐ total funding is $50,000,000 for the Pier. 50,000,000$

TASKConstruction Personnel ‐ ‐ 3,743 57,624 ‐ ‐ ‐ 61,367 ‐ ‐ ‐ ‐ ‐ ‐ 61,367 Consultant 8,370 2,208,273 2,122,291 1,495,237 7,975 1,100,532 ‐ 6,942,678 33,380 950 ‐ 98,752 ‐ 133,082 7,075,760 Contractor 34,828 5,035 30,536 2,630,507 ‐ ‐ ‐ 2,700,906 ‐ 144,964 ‐ ‐ ‐ 144,964 2,845,870 Design Personnel 6,781 210,025 119,028 19,577 8,650 ‐ ‐ 364,061 2,758 ‐ 5,437 ‐ ‐ 8,195 372,255 Other 21 21,255 18,329 1,295 1,870 ‐ ‐ 42,769 ‐ ‐ ‐ ‐ ‐ ‐ 42,769 Personnel ‐ 4,130 ‐ ‐ ‐ ‐ ‐ 4,130 ‐ ‐ ‐ ‐ ‐ ‐ 4,130 PR Marketing Personnel ‐ 44,310 46,054 ‐ ‐ ‐ ‐ 90,365 ‐ ‐ ‐ ‐ ‐ ‐ 90,365 Survey Personnel ‐ 4,714 ‐ ‐ ‐ ‐ ‐ 4,714 ‐ ‐ ‐ ‐ ‐ ‐ 4,714

50,000 2,497,742 2,339,980 4,204,241 18,495 1,100,532 ‐ 10,210,990 36,138 145,914 5,437 98,752 ‐ 286,240 10,497,230

Available for Pier as of 12/31/16 39,502,770$ PIER APPROACH PROJECT 15377Debt Issuance Public Service Tax Revenue Bonds, Series 2016A ($20,000,000 Funding Available) 20,000,000$

TASKConstruction Personnel ‐ ‐ ‐ ‐ ‐ ‐ 1,167 1,167 ‐ ‐ ‐ ‐ ‐ ‐ 1,167 Consultant ‐ ‐ ‐ ‐ ‐ ‐ 374,231 374,231 ‐ ‐ ‐ ‐ 13,000 13,000 387,231 Design Personnel ‐ ‐ ‐ ‐ ‐ ‐ 18,922 18,922 ‐ ‐ ‐ ‐ 10,929 10,929 29,851 Other ‐ ‐ ‐ ‐ ‐ ‐ 4,611 4,611 ‐ ‐ ‐ ‐ ‐ ‐ 4,611

‐ ‐ ‐ ‐ ‐ ‐ 398,930 398,930 ‐ ‐ ‐ ‐ 23,929 23,929 422,859

Available for Pier Approach as of 12/31/16 19,577,141$

Fiscal Life to Date as of September 30, 2016 Fiscal Year to Date as of December 31, 2016

33

Pensions

34


To: Rick Kriseman, Mayor Members of City Council Gary Cornwell, City Administrator From: Anne Fritz, Finance Director Date: January 20, 2017 Subject: December 31, 2016 Pension Funds Report

The attached Pension Funds Report reflects the activity in the City’s Employees Retirement Fund, Fire Pension Fund and Police Pension Fund (the “Plans”) for the three months ended December 31, 2016. The report provides detailed financial statements for the three months ended December 31, 2016 compared to the summarized financial statements for the year ended September 30, 2016, details of investments held by the Plans and solvency tests utilizing the most recent actuarial report for all the Plans. During the fiscal year, the City contributes funding to the Plans based on the annual required contributions calculated by the Plan’s actuary in the following payment schedule: 1/12 in October 2016, 1/12 in November 2016, 1/12 in December 2016 and 9/12 in January 2017. In order to record the contributions expense evenly over the fiscal year to the City’s funds, the Plans record a pension prefunding liability at time of funding and expense the City’s funds over the fiscal year. The calculation on the report “Current Market Value versus Actuarial Figures for Solvency Test” details the current year and prior year funding status of the Plans based on actuarial valuations. The current year December 31, 2016 and comparative September 30, 2016 utilizes the latest available actuarial valuation date of October 1, 2015. During the reporting period for the quarter, the Plans have experienced an aggregate interest and dividend income earnings of approximately $6.0 million and realized and unrealized investments gains of $6.3 million.

The Deferred Retirement Option Plans (DROP) Statement of Net Position is included in the Pension Funds Report to illustrate the outstanding investments held by the Plans as well as the corresponding DROP liability outstanding to participants. Beginning in Fiscal Year 2014 and forward the City will include the investments and corresponding liability of the Plans in the Pension Plan financial statements in the Comprehensive Annual Financial Report (CAFR) as required by the State.

35

In April 2016, Private Advisors, LLC announced the closure of the Private Advisors Stable Value funds due to a higher than expected level of redemptions in Q1 2016 as a result of the current market environment and recent performance. It is the intention of Private Advisors, LLC to return the full 100% of the assets, with a small remainder coming after the 12/31/2018 distribution date. It is also important to point out that the remaining investments will be subject to market value fluctuations; so the total capital returned may be higher or lower than what has been estimated. Effective June 30th, the funds will not charge management or performance fees. The second compulsory redemption of 15.85% of Private Advisors June 30, 2016 account balances occurred on November 15, 2016. This brings the cumulative distribution amount to approximately 65% of the beginning capital amount on June 30, 2016.

Private Advisors Distributions Received To Date ERS Police Total Private Advisors Distribution 08/08/16

$16,727,253 $8,299,565 $25,026,818

Private Advisors Distribution 11/15/16

$5,410,892 $2,684,724 $8,095,616

Total Received $22,138,145 $10,984,289 $33,122,434

36

September 30, 2016(Unaudited)

Employees Retirement

System Fire Pension

Fund Police Pension

Fund Total Total Assets

Cash & Cash EquivalentsDemand Deposits $ 309,907 $ 328,552 $ 602,685 $ 1,241,144 $ 1,063,640 Trustee Accounts 6,480,989 779,270 7,678,328 14,938,587 33,304,722

Total Cash & Cash Equivalents 6,790,896 1,107,822 8,281,013 16,179,731 34,368,362 Receivables

Interest and Dividends 702,688 492,992 641,637 1,837,317 1,901,413 Accounts Receivable 10,395 - - 10,395 10,515 Unsettled Investments Sales 142,512 25,919 17,088 185,519 176,905

Total Receivables 855,595 518,912 658,725 2,033,232 2,088,833

Prepaid and Deposits 6,877 6,877 6,877 20,631 20,631

Investments Held, fair valueGovernment Securities 31,063,280 20,213,674 14,078,646 65,355,601 71,766,511 Corporate Bonds 51,655,912 34,663,271 24,369,576 110,688,758 125,161,946 Common & Preferred Stock 247,583,720 16,243,837 260,568,525 524,396,081 496,978,204 Alternative Investments 52,319,413 8,147,366 32,653,320 93,120,098 84,413,554 Mutual Funds 6,353,328 163,537,656 30,575,771 200,466,755 196,265,149 DROP Investments 9,424,998 24,311,729 24,482,058 58,218,785 56,919,893

Total Investments 398,400,651 267,117,532 386,727,895 1,052,246,078 1,031,505,257

Total Assets 406,054,019 268,751,144 395,674,510 1,070,479,672 1,067,983,083

Liabilities

PayablesAccounts 500 1,500 1,000 3,000 67,742 Unsettled Investment Purchases 128,596 - 14,729 143,325 76,728 DROP Liability 9,424,998 24,311,729 24,482,058 58,218,785 56,919,893

Total Payables 9,554,094 24,313,229 24,497,787 58,365,110 57,064,363

Total Liabilities 9,554,094 24,313,229 24,497,787 58,365,110 57,064,363

Net Position

Held in Trust for Pension Benefits $ 396,499,925 $ 244,437,915 $ 371,176,723 $ 1,012,114,563 $ 1,010,918,720

City of St. Petersburg, FloridaStatement of Net Position

Pension PlansAs of December 31, 2016 and September 30, 2016

December 31, 2016

37

Twelve Months Ended September 30, 2016

(Unaudited) Employees Retirement

System Fire Pension

Fund Police Pension

Fund Total Total CY YTD

Compared to PYAdditions

ContributionsEmployer $ 2,577,711 $ 344,694 $ 1,890,666 $ 4,813,071 $ 23,445,954 21%Employees 408,937 302,815 643,386 1,355,138 4,689,039 29%State - 204,316 - 204,316 3,702,638 6%

Total Contributions 2,986,648 851,825 2,534,052 6,372,525 31,837,631 20%Investment Income

10,018,349 925,197 (4,654,432) 6,289,114 61,187,589 10%Interest on Investments 526,312 578,229 332,747 1,437,288 6,454,450 22%Dividends on Stock 1,403,614 1,376,329 1,827,182 4,607,125 16,950,250 27%

Total Investment Gain (Loss) 11,948,275 2,879,755 (2,494,503) 12,333,527 84,592,289 15%Less Investment Expense (369,823) (95,429) (354,544) (819,796) (3,426,534) 24%

Net Investment Gain (Loss) 11,578,452 2,784,326 (2,849,047) 11,513,731 81,165,755 14%Total Additions 14,565,100 3,636,151 (314,995) 17,886,256 113,003,386 16%

Deductions

Benefits 4,849,118 3,631,312 5,651,473 14,131,903 54,494,579 26%DROP Contributions 542,709 774,760 1,155,733 2,473,202 10,728,652 23%Refund of Contributions 24,065 - 49,989 74,054 381,055 19%Administrative Expenses 1,701 2,659 6,894 11,254 121,779 9%

Total Deductions 5,417,593 4,408,731 6,864,089 16,690,413 65,726,065 25%

Change in Net Position 9,147,507 (772,580) (7,179,084) 1,195,843 47,277,321 3%

Net Position Held in Trust for Pension BenefitsBeginning of the Period - October 1 387,352,418 $ 245,210,495 $ 378,355,807 $ 1,010,918,720 963,641,399 End of the Period $ 396,499,925 $ 244,437,915 $ 371,176,723 $ 1,012,114,563 $ 1,010,918,720

Net Realized and Unrealized Gain/(Loss) on Investments

Three Months Ended December 31, 2016

City of St. Petersburg, FloridaStatement of Changes in Net Position

Pension PlansThree Months Ended December 31, 2016 and Twelve Months Ended September 30, 2016

38

Investment Manager Manager Type DollarsPercent of Total Cost Dollars

Percent of Total Market

Market Value as a % of Cost

Employee Retirement SystemVanderbilt Fixed Income $ 48,440,478 13.70% $ 48,468,465 12.23% 100%Marco Fixed Income 35,607,169 10.07% 35,821,160 9.04% 101%

Wells Fargo Adv Govt Money Market Funds Money Market 243,087 0.07% 243,087 0.06% 100%Boston Large Cap Value 67,956,635 19.22% 78,846,180 19.90% 116%Barrow, Hanley, et al Mid Cap Value 7,849,948 2.22% 10,838,779 2.74% 138%Systematic Mid Cap Value 10,433,918 2.95% 11,184,971 2.82% 107%Wells Capital Mid Cap Growth 18,165,451 5.14% 20,793,922 5.25% 114%Sawgrass Asset Management Large Cap Growth 28,848,824 8.16% 35,091,193 8.86% 122%Renaissance Invest Mgmt Large Cap Growth 28,302,157 8.01% 37,908,964 9.57% 134%Templeton Portfolio Adv Intl Foreign Stocks 18,354,351 5.19% 18,096,138 4.57% 99%Renaissance Intl Growth Foreign Stocks 16,078,051 4.55% 17,742,691 4.48% 110%

Cushing Alt - MLP/Energy Strategy 19,448,314 5.50% 21,122,153 5.33% 109%Private Advisors (b) (e) Alt - Hedge Funds 11,639,066 3.29% 12,698,171 3.21% 109%Blackstone (c) Mutual Fund/Alt - Hedge Funds 2,705,446 0.77% 2,718,760 0.69% 100%Blackrock (c) Mutual Fund/Alt - Long/Short Credit 2,705,446 0.77% 2,729,722 0.69% 101%UBS Realty Investors LLC (e) Alt - Real Estate 36,735,309 10.39% 41,856,550 10.57% 114%

Total Employee Retirement System $ 353,513,649 100.00% $ 396,160,906 100% 112%

Fire Pension FundRichmond Aggregate Fixed Income $ 38,315,589 17.43% $ 38,816,262 15.90% 101%Richmond Short Fixed Income 17,354,663 7.89% 16,843,302 6.90% 97%American Euro/Pacific (a) Foreign Stocks 9,188,096 4.18% 13,995,887 5.73% 152%MFS International Value (a) Foreign Stocks 12,666,726 5.76% 14,189,044 5.81% 112%Vanguard Mid Cap Growth Index (a) Mid Cap Growth 4,890,457 2.22% 7,421,203 3.04% 152%Vanguard REIT Index (a) Real Estate 8,971,150 4.08% 9,550,345 3.91% 106%Vanguard Russell 1000 Value (a) Large Cap Value 94,053,825 42.78% 103,766,666 42.51% 110%Vanguard Russell 2000 Growth (a) Small Growth 4,335,031 1.97% 7,006,806 2.87% 162%Invesco Global Target Trust Alt - Collective Trust 8,283,128 3.77% 8,147,366 3.34% 98%PIMCO All Asset Fund (a) Alt - All Asset 8,638,839 3.93% 7,607,705 3.12% 88%Frontier Small Cap Value 13,094,453 5.96% 16,710,275 6.85% 128%Mutual Funds Cash Equivalent (a) Money Market 25,336 0.01% 25,336 0.01% 100%Wells Fargo Adv Govt Money Market Funds Money Market 23,789 0.01% 23,789 0.01% 100%

Total Fire Pension Fund $ 219,841,083 100.00% $ 244,103,986 100.00% 111%

Police Pension FundMarco Fixed Income $ 39,509,400 12.35% $ 38,859,195 10.49% 98%Boston Large Cap Value 43,751,636 13.68% 50,733,991 13.69% 116%Buckhead Large Cap Value 37,802,079 11.82% 46,880,610 12.65% 124%Wedgewood Large Cap Growth 35,557,578 11.12% 42,996,823 11.60% 121%DePrince Small Cap Value 20,164,596 6.30% 23,185,639 6.26% 115%Lord Abbett Small Cap Growth 19,433,747 6.08% 20,215,797 5.46% 104%Thornburg Foreign Stocks 27,889 0.01% 27,889 0.01% 100%American-Euro/Pac (c) Mutual Fund/Foreign Stocks 10,515,213 3.29% 22,023,883 5.94% 209%Delaware Foreign Stocks 21,534,719 6.73% 21,048,449 5.68% 98%Sawgrass Asset Management Large Cap Growth 37,831,907 11.83% 44,231,686 11.94% 117%Cushing Alt - MLP/Energy Strategy 17,492,546 5.47% 19,224,017 5.19% 110%UBS Realty Investors LLC (e) Alt - Real Estate 21,621,382 6.76% 26,352,864 7.11% 122%Private Advisors (b) (e) Alt - Hedge Funds 6,245,201 1.95% 6,300,557 1.70% 101%Blackstone (d) Mutual Fund/Alt - Hedge Funds 4,168,844 1.30% 4,222,437 1.14% 101%Blackrock (d) Mutual Fund/Alt - Long/Short Credit 4,149,783 1.30% 4,229,184 1.14% 102%Wells Fargo Adv Govt Money Market Funds Money Market 35,139 0.01% 35,139 0.01% 100%

Total Police Pension Fund $ 319,841,659 100.00% $ 370,568,161 100.00% 116%

Total Pension Plans $ 893,196,391 $ 1,010,833,052

(a) Mutual Funds held by the Fire Pension Plan.

(c) Mutual Funds held by the Employee Retirement System Plan.(d) Mutual Funds held by the Police Pension Plan.(e) Cost and Market value are as of November 30, 2016 - pending receipt of the December statement.

(b) In April 2016, Private Advisors, LLC announced the closure of the Private Advisors Stable Value funds due to a higher than expected level of redemptions in Q1 2016 as a result of the current market environment and recent performance. It is the intention of Private Advisors, LLC to return the full 100% of the assets, with a small remainder coming after the 12/31/2018 distribution date. The first distribution was received by both plans in August 2016. It is also important to point out that the remaining investments will be subject to market value fluctuations; so the total capital returned may be higher or lower than what has been estimated. Effective June 30th, the funds will not charge management or performance fees.

City of St. Petersburg, FloridaSchedule of Investments by Manager

Pension PlansAs of December 31, 2016

Cost Value Market Value

39

City of St. Petersburg, FloridaType of Investment by Plan (at Market Value)


Hedge Funds4%

Master Limited Partnership

5%Real Estate11%

Fixed Income21%

Foreign Stocks9%

Large Cap Growth18%

Large Cap Value20% Long/Short Credit

1%

Money Market0%

Mid Cap Growth5%

Mid Cap Value6%

Employee Retirement System Investment

Fixed Income23%

Small Cap Value7%

Money Market0%

Foreign Stocks12%

Mid Cap Growth3%Real Estate

4%

Large Cap Value42%

Alternative6%

Small Growth3%

Fire Pension Fund Investment

Fixed Income11%

Large Cap Value26%

Foreign Stocks12%

Large Cap Growth24%

Small Cap Growth5%

Money Market0%

Small Cap Value6%

Real Estate7%

Hedge Funds3%

Long/Short Credit1%Master Limited

Partnership5%

Police Pension Fund Investment

40

City of St. Petersburg, FloridaInvestments Held by Type at Market Value (in Thousands)


$‐

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

FY2015 Q1 FY2015 Q2 FY2015 Q3 FY2015 Q4 FY2016 Q1 FY2016 Q2 FY2016 Q3 FY2016 Q4 FY2017 Q1Money Market $9 $4,843 $22 $22 $21 $3,504 $18 $16,744 $243Alternative $54,435 $54,825 $58,250 $67,974 $66,120 $65,820 $68,346 $63,115 $81,125Equity $241,266 $234,704 $232,685 $207,469 $217,651 $216,177 $218,236 $218,823 $230,503Fixed Income $88,944 $103,793 $103,051 $94,064 $91,533 $93,621 $93,313 $88,387 $84,290

Dollars (in Th

ousand

s)

Employee Retirement System

$‐

$50,000

$100,000

$150,000

$200,000

$250,000

FY2015 Q1 FY2015 Q2 FY2015 Q3 FY2015 Q4 FY2016 Q1 FY2016 Q2 FY2016 Q3 FY2016 Q4 FY2017 Q1Money Market $3 $1,515 $90 $112 $116 $37 $37 $50 $49Alternative $‐ $‐ $‐ $‐ $‐ $‐ $‐ $16,081 $15,755Equity $171,477 $176,476 $175,457 $163,895 $172,156 $174,699 $178,870 $170,886 $172,640Fixed Income $70,118 $71,128 $67,502 $65,774 $62,788 $63,704 $60,567 $57,968 $55,660

Dollars (in Th

rousan

ds)

Fire Pension Fund

$‐

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

FY2015 Q1 FY2015 Q2 FY2015 Q3 FY2015 Q4 FY2016 Q1 FY2016 Q2 FY2016 Q3 FY2016 Q4 FY2017 Q1Money Market $8 $2,052 $16 $26 $25 $14 $14 $21 $35Alternative $40,220 $40,787 $40,932 $41,649 $56,627 $56,515 $60,122 $61,975 $60,329Equity $263,953 $269,366 $270,218 $249,356 $259,037 $260,936 $265,474 $261,045 $271,345Fixed Income $79,029 $80,230 $76,082 $72,811 $50,409 $51,066 $45,304 $54,796 $38,859

Dollars (in Th

ousand

s)

Police Pension Fund

41

ERS Fire Police

Actuarial Present Value of Benefits (1) $347,113,619 $204,806,846 $371,085,431Accumulated to Oct 1, 2015Using 7.75% Interest Rate Basis ‐ ERS 8% Interest Rate Basis ‐ Fire & Police (FASB 35)

Total Assets (Current) (2) $396,160,906 $244,103,986 $370,568,161

Percentage Funded Fiscal 2017 (3) 114.13% 119.19% 99.86%


12 Months Change 6.00% 4.42% 1.20%

Actuarial Accrued Liability (5) $408,393,769 $218,541,035 $402,566,654as of October 1, 2015

Total Assets (Current) (2) $396,160,906 $244,103,986 $370,568,161



12 Months Change 5.10% 4.14% 1.11%

Notes to the Schedule:

(4) Reflects December 31, 2015 market value of assets as a percentage of the PV of benefits from the actuarial report ‐ October 1,2015. The market value of assets was as follows at December 31, 2015: ERS $375,324,926, Fire $235,060,126, and Police$366,098,220.

(5) The AAL (Actuarial Accrued Liability) includes future salary increases and some other minor differences from the above. Thiscan be called the "past service liability" as of the latest Actuarial report.

(6) Reflects December 31, 2016 market value of assets as a percentage of the AAL of benefits from the latest actuarial report ‐October 1, 2015.

(7) Reflects December 31, 2015 market value of assets as a percentage of the AAL of benefits from the latest actuarial report ‐October 1, 2015. The market value of assets was as follows at December 31, 2015: ERS $375,324,926, Fire $235,060,126, andPolice $366,098,220.

City of St. Petersburg Pension FundsHistorical Market Value versus Actuarial Figures for Solvency Tests (For Comparison)

As of December 31, 2016 and 2015

(1) The Accumulated contributions of active members PLUS the Actuarial Present Value (APV) of projected benefits payable tocurrent retirees and vested terminations (including refunds due terminated employees) PLUS the City portion of the APV ofbenefits payable to active participants (this amount is based on benefits earned to date without future credited service or salaryincreases) as of the latest actuarial report.

(2) Total Assets reflects actual market value of holdings as of December 31, 2016.

(3) Reflects December 31, 2016 market value of assets as a percentage of the PV of benefits from the latest actuarial report ‐October 1, 2015 (7.75% interest rate basis for ERS and 8.00% interest rate basis for Fire & Police).

42

ERS Fire Police

Actuarial Present Value of Benefits (1) $347,113,619 $204,806,846 $371,085,431Accumulated to Oct 1, 2015Using 7.75% Interest Rate Basis ‐ ERS 8% Interest Rate Basis ‐ Fire & Police (FASB 35)

Total Assets (09/30/16) (2) $387,069,794 $244,985,340 $377,836,540



12 Months Change 5.05% 7.42% 3.77%

Actuarial Accrued Liability (5) $408,393,769 $218,541,035 $402,566,654as of October 1, 2015

Total Assets (09/30/16) (2) $387,069,794 $244,985,340 $377,836,540



12 Months Change 4.30% 6.96% 3.48%

Notes to the Schedule:

(4) Reflects September 30, 2015 market value of assets as a percentage of the PV of benefits from the latest actuarial report ‐October 1, 2015. The market value of assets was as follows at September 30, 2015: ERS $369,529,199, Fire $229,780,939, andPolice $363,842,525.

(5) The AAL (Actuarial Accrued Liability) includes future salary increases and some other minor differences from the above. Thiscan be called the "past service liability" as of the latest Actuarial report.

(6) Reflects September 30, 2016 market value of assets as a percentage of the AAL of benefits from the latest actuarial report ‐October 1, 2015.

(7) Reflects September 30, 2015 market value of assets as a percentage of the AAL of benefits from the latest actuarial report ‐October 1, 2015. The market value of assets was as follows at September 30, 2015: ERS $369,529,199, Fire $229,780,939, andPolice $363,842,525.

City of St. Petersburg Pension FundsHistorical Market Value versus Actuarial Figures for Solvency Tests (For Comparison)

As of September 30, 2016 and 2015

(1) The Accumulated contributions of active members PLUS the Actuarial Present Value (APV) of projected benefits payable tocurrent retirees and vested terminations (including refunds due terminated employees) PLUS the City portion of the APV ofbenefits payable to active participants (this amount is based on benefits earned to date without future credited service or salaryincreases) as of the latest actuarial report.

(2) Total Assets reflects actual market value of holdings as of September 30, 2016.

(3) Reflects September 30, 2016 market value of assets as a percentage of the PV of benefits from the latest actuarial report ‐October 1, 2015 (7.75% interest rate basis for ERS and 8.00% interest rate basis for Fire & Police).

43

Weeki Wachee

44

`


To: Members of City Council From: Anne Fritz, Finance Director Date: January 20, 2017 Subject: Parks Preservation (Weeki Wachee) Fund Report for December 31, 2016

The attached Parks Preservation (Weeki Wachee) Fund Reports provides the detail for the activity in the fund from its inception in 2001 through the month ending December 31, 2016, including year‐to‐date information of revenues, expenditures, and transfers in and out of the fund, in addition to the fund balance. At December 31, 2016, the portfolio managed by Graystone Consulting reports the book value of $14.8 million, market value of $15.7 million and unrealized gain of $0.9 million. During the reporting period for the current fiscal year, the fund has received interest and dividend income earnings of $97,148 and realized and unrealized investment gains of $86,237. Attachment: “Parks Preservation (Weeki Wachee) Fund Report”

45

Fiscal Fiscal Total Year 2016 and Year to Since

Transferred Prior Date InceptionREVENUES AND TRANSFERS IN

Revenues: Proceeds From Sale of Land $ 14,481,941 $ - $ 14,481,941 Investment Earnings 5,627,860 97,148 5,725,008 Securities Lending Revenue (Net) 43,132 - 43,132 Skate Park Sticker Sales 25,039 - 25,039 Gains/(Losses) on Investments 6,998,221 86,237 7,084,458

Transfers In:Unused Funds Returned from Capital Projects 445,810 - 445,810

Total Revenues & Transfers In 27,622,004 183,385 27,805,389

EXPENDITURES AND TRANSFERS OUTOperating Expenditures:

Legal External 3,196 3,196 Money Managers Fees 756,065 756,065

Transfer Out to Capital Projects:Fossil Skate Park FY2002 220,000 - 220,000 Lake Vista Dog Park FY2002 33,000 - 33,000 North Shore Dog Park FY2002 33,000 - 33,000 Walter Fuller Dog Park FY2002 33,000 - 33,000 Gisella Kopsick Palm Arboretum FY2003 84,000 - 84,000 Vinoy Basin Boardwalk FY2003 120,900 - 120,900 Central Oak Park (Formerly known as Dartmouth Avenue Neighborhood Park) FY2004 96,000 - 96,000 Lake Vista Skate Park FY2004 307,000 - 307,000 Walter Fuller Skate Park FY2004 10,000 - 10,000 Climbing Boulders FY2006 45,000 - 45,000 North Shore Water Feature FY2006 450,000 - 450,000 Vinoy Basin/Municipal Marina Boat Dockage FY2006 80,000 - 80,000 Kenwood Dog Park FY2007 167,500 - 167,500 Puryear Jai Alai FY2008 29,432 - 29,432 Rio Vista FY2011 1,682,000 - 1,682,000 Future Projects (Resolution Feb 2012) FY2012 500,000 - 500,000

Boyd Hill - Property Acquitition $130,000 FY2016

Exercise Zones $273,000 FY2016

Barlett Park Tennis Court $97,000 FY2016

Lakewood Shade Structure FY2012 41,050 - 41,050 Rahall Property Purchase Project FY2013 12,000 - 12,000 Shade Structures - Parks & Recreation Dept FY2013 495,294 - 495,294 Twin Brooks Golf Course Renovation FY2014 1,464,500 - 1,464,500 Young Estate Cycad Collection FY2014 300,000 - 300,000 North Shore Park Volley Ball Project FY2015 150,000 - 150,000 Regional Skateboard Park Project FY2015 25,000 - 25,000 Park Fitness Zones Shade Structure Project FY2015 50,000 - 50,000 Regional Skateboard Park Project FY2016 1,600,000 - 1,600,000 Kutller Estate FY2016 1,800,000 - 1,800,000 Meadowlawn Community Garden Project FY2016 25,000 - 25,000 Mangrove Bay Golf Course Project FY2016 650,000 - 650,000 Maximo Park Project FY2016 150,000 - 150,000 Exercise Zones FY2016 262,000 - 262,000

Transfers Out To: General Fund - Operating Expenditure Reimbursements for 10 Year maintenance of closed projects Various 367,874 - 367,874

Total Expenditures and Transfers Out 12,042,811 - 12,042,811

Net Revenues Less Expenditures & Net Transfers 15,579,193 183,385 15,762,578 Fund Balance Beginning - October 1 - 15,579,193 - Total Fund Balance 15,579,193 15,762,578 15,762,578

Fund Balance Investment Designation 14,481,941 14,481,941 14,481,941 Fund Balance Maintenance Designation 367,874 367,874 367,874

Pending - Exercise Zones Transfer - - - Fund Balance Undesignated $ 729,378 $ 912,763 $ 912,763

City of St. PetersburgParks Preservation (Weeki Wachee) Fund Report

Statement of Revenues, Expenditures and TransfersDecember 31, 2016

46

CITY OF ST. PETERSBURG, FLGIZELLA KOPSICK PALM ARBORETUM ACCOUNTFOR THE MONTH ENDED 12/31/2016PREPARED 1/26/2017

7/1 ‐ 9/30/2012

10/1 ‐ 12/31/2012

1/1 ‐ 3/31/2013

4/1 ‐ 6/30/2013

7/1 ‐ 9/30/2013

10/1 ‐ 12/31/2013

1/1 ‐ 3/31/2014

4/1 ‐ 6/30/2014

7/1 ‐ 9/30/2014

9/30‐ 12/31/2015

1/01‐ 3/31/2015

4/01‐ 6/30/2015

7/01‐ 9/30/2015

10/01 ‐ 12/31/15

01/01 ‐ 03/31/16

4/1 ‐ 6/30/2016

7/1 ‐ 9/30/2016

10/1 ‐ 12/31/2016

Cash ‐ Transfer In 8,547.90 ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐

Cash ‐ Transfer Out (9,550.00) ‐ ‐ (2,317.22) (2,127.09) ‐ (1,694.33) (838.76) (835.08) (1,522.58) (849.26) (845.58) (840.86) (2,785.18) (844.54) (836.66) (841.38)

Cash Dividend Rec'd 1,067.49 1,194.19 1,057.64 1,070.11 1,056.98 1,056.33 1,061.58 1,048.45 1,043.85 1,903.23 1,061.58 1,056.98 1,051.08 3,481.48 1,055.67 1,045.82 1,051.73 1,125.26

American Inc FD Shares 6,565.118 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12 6,565.12

Price ‐ End of Period 17.95 18.03 19.05 19.02 19.60 20.60 20.99 21.69 21.41 21.53 21.57 21.13 19.79 20.18 20.63 21.18 21.43 21.62

Price ‐ Beg of Period 17.99 17.95 18.03 19.05 19.02 19.60 20.60 20.99 21.69 21.41 21.53 21.57 21.13 19.79 20.18 20.63 21.18 21.43

Change in Price (0.04) 0.08 1.02 (0.03) 0.58 1.00 0.39 0.70 (0.28) 0.12 0.04 (0.44) (1.34) 0.39 0.45 0.55 0.25 0.19

Change in Market Value (262.60) 525.21 6,696.42 (196.96) 3,807.77 6,565.12 2,560.40 4,595.58 (1,838.23) 787.81 262.61 (2,888.65) (8,797.21) 2,560.35 2,954.31 3,610.82 1,641.28 1,247.36

Beginning Value 118,106.47 117,909.26 119,628.66 127,382.72 125,938.65 130,803.40 136,297.76 139,919.74 143,869.44 142,236.30 144,092.26 143,893.87 141,212.94 132,621.22 137,822.19 139,046.98 142,859.09 144,715.44

Ending Value 117,909.26 119,628.66 127,382.72 125,938.65 130,803.40 136,297.76 139,919.74 143,869.44 142,236.30 144,092.26 143,893.87 141,212.94 132,621.22 137,822.19 139,046.98 142,859.09 144,715.44 146,246.68

Unadjusted G/L ‐ 6117.1151200 119,628.66 125,065.50 125,938.65 128,676.31 136,297.76 138,225.41 143,030.68 141,401.22 142,569.68 143,044.61 140,367.35 131,780.36 135,036.97 138,202.41 143,874.02 143,874.02

Record Dividends 1,057.64 1,070.11 1,056.98 1,056.33 1,061.58 1,048.45 1,043.85 1,903.23 1,061.58 1,056.98 1,051.08 3,481.48 1,055.67 1,045.82 1,051.73 1,125.26

Record Change in Market Value 6,696.42 (196.96) 3,807.77 6,565.12 2,560.40 4,595.58 (1,838.23) 787.81 262.61 (2,888.65) (8,797.21) 2,560.35 2,954.31 3,610.82 1,641.28 1,247.36

Adjusted G/L 127,382.72 125,938.65 130,803.40 136,297.76 139,919.74 143,869.44 142,236.30 144,092.26 143,893.87 141,212.94 132,621.22 137,822.19 139,046.98 142,859.09 146,567.07 146,246.68

Variance ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ (0.00)

47

eeki Wachee

48

Allocation

MarketValue

($)%

Performance(%)

CurrentQuarter

SinceInception

InceptionDate

Total Fund 15,797,132 100.00 1.60 5.39 04/01/2016

Policy Index 0.25 5.17

Domestic Equity

Blackrock - Equity Dividend 2,166,126 13.71 9.14 15.68 04/01/2016

Russell 1000 VL 6.68 15.45

Wedgewood - Large Cap Growth 1,851,584 11.72 1.92 3.63 04/01/2016

Russell 1000 Gr 1.01 6.29

Kennedy - Mid Cap Value 527,657 3.34 8.14 19.37 04/01/2016

Russell Midcap Value 5.52 15.47

Congress - Mid Cap Growth 347,421 2.20 4.62 10.04 04/01/2016

Russell Midcap Growth 0.45 6.71

Kayne Anderson - Small Cap Value 472,747 2.99 9.34 17.38 04/01/2016

Russell 2000 VL 14.07 29.53

Apex - Small Cap Growth 340,534 2.16 4.29 8.95 04/01/2016

Russell 2000 Gr 3.57 16.79

International Equity

Lazard - International Value 1,158,898 7.34 -4.82 -2.02 04/01/2016

MSCI EAFE Net -0.71 4.13

Harding Loevner - International Growth 1,156,717 7.32 -4.20 3.67 04/01/2016

MSCI AC World ex US Net -1.25 4.89

Lazard - Emerging Markets 738,900 4.68 -3.50 11.88 04/01/2016

MSCI EM Net -4.16 5.18

City of St. Petersburg Parks Preservation Fund (Weeki Wachee Proceeds)Asset Allocation & Time Weighted Performance

as of December 31, 2016

The prices, quotes, or statistics contained herein have been obtained from sources believed to be reliable, however, its accuracy cannot be guaranteed. Past performance is not aguarantee of future results.

Page 149

City of St. Petersburg Parks Preservation Fund (Weeki Wachee Proceeds)Asset Allocation & Time Weighted Performance


Allocation

MarketValue

($)%

Performance(%)

CurrentQuarter

SinceInception

InceptionDate

REITs

Vanguard - REIT ETF 767,121 4.86 -3.05 1.63 04/01/2016

MSCI REIT Gross -2.96 2.15

Fixed Income

Sage - Short Term Fixed Income 4,651,809 29.45 -0.27 0.31 04/01/2016

ML Tsy 1-3 Yr - G1O2 -0.44 -0.02

Templeton - Global Fixed Income 1,328,058 8.41 8.27 6.66 04/01/2016

Citi WGBI Unhedged -8.53 -5.13

PIMCO - Emerging Local Fixed Income 288,560 1.83 -5.80 1.09 04/01/2016

JPM GBI-EM Unhedged -4.91 0.01

Cash & Equivalents

Cash 1,000 0.01 0.00 0.00 04/01/2016

90-Day T-Bills 0.08 0.22


Page 250

Manager Performance Chart Manager Risk & Return

Historic Asset Growth

Manager Annualized Performance

0.0

2.0

4.0

6.0

8.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Total Fund Policy Index 90-Day T-Bills

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

Re

turn

(%)

-0.9 -0.6 -0.3 0.0 0.3 0.6 0.9 1.2 1.5 1.8 2.1 2.4 2.7

Risk (Standard Deviation %)

CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Total Fund 1.60 1.60 5.39 04/01/2016

Policy Index 0.25 0.25 5.17

Differences 1.35 1.35 0.22

CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Total Fund 04/01/2016

Beginning Market Value 15,575 15,575 17,513

Net Contributions - - -2,502

Fees/Expenses -27 -27 -63

Income 92 92 273

Gain/Loss 158 158 577

Ending Market Value 15,797 15,797 15,797

ReturnStandardDeviation

BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Total Fund 5.39 0.87 0.75 -1.00 93.01 60.71 0.16 0.65 0.90 04/01/2016

Policy Index 5.17 1.10 1.00 -1.68 100.00 100.00 0.00 0.49 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 2.48 -2.92 0.02 N/A 0.00 04/01/2016


Total Fund - Executive Summary

City of St. Petersburg Parks Preservation Fund (Weeki Wachee Proceeds)


Page 351

Historic Change in Assets

Distribution of Returns

Quarterly Change in Assets

Total Fund Policy Index Net Cash Flow

$12.0

$14.0

$16.0

$18.0

$20.0

Ma

rke

t

Valu

e In

Milli

on

s

2/16 3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$14.5

$16.3$15.8

Market ValueAs of

10/01/2016

NetTransfers

Contributions Distributions Fees ExpensesReturn OnInvestment

Market ValueAs of

12/31/2016

Total Fund 15,575,119.62 - 2,947.50 -2,947.50 -27,424.00 - 249,436.87 15,797,132.49

0

2

4

6

8

Fre

qu

en

cy

< -5 -5 To -4 -4 To -3 -3 To -2 -2 To -1 -1 To 0 0 To 1 1 To 2 2 To 3 3 To 4 4 To 5 > 5

Returns (%)

0 0 0 0

1 1

5

1 1

0 0 0



Total Fund - Change in Assets & Distribution of Returns


Page 452




0.0

6.0

12.0

18.0

24.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Blackrock - Equity Dividend Russell 1000 VL

90-Day T-Bills

-8.0

-4.0

0.0

4.0

8.0

12.0

16.0

20.0

24.0

Re

turn

(%)

-0.8 -0.4 0.0 0.4 0.8 1.2 1.6 2.0 2.4 2.8 3.2


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Blackrock - Equity Dividend 9.14 9.14 15.68 04/01/2016

Russell 1000 VL 6.68 6.68 15.45


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Blackrock - Equity Dividend 04/01/2016


Net Contributions -40 -40 -399

Fees/Expenses - - -

Income 14 14 42

Gain/Loss 169 169 260



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Blackrock - Equity Dividend 15.68 2.18 1.07 -1.51 99.98 85.93 -0.08 0.75 0.91 04/01/2016

Russell 1000 VL 15.45 1.95 1.00 -1.75 100.00 100.00 0.00 0.82 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 1.02 -2.79 0.02 N/A 0.05 04/01/2016


BlackRock - Equity Dividend - Executive Summary



Page 553




Blackrock - Equity Dividend Russell 1000 VL Net Cash Flow

$1.6

$1.8

$2.0

$2.2

$2.4

$2.6

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$1.9

$2.2$2.2

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Blackrock - Equity Dividend 2,023,295.06 - - -40,426.12 - - 183,257.45 2,166,126.39

0

2

4

6

Fre

qu

en

cy


Returns (%)

0 0 0 0

1 1

2

1

3

0 0

1



BlackRock - Equity Dividend - Change in Assets & Distribution of Returns


Page 654

Allocation

Blackrock - Equity Dividend

Russell 1000 VL

0.0 8.0 16.0 24.0 32.0 40.0

Utilities

Telecommunication Services

Real Estate

Materials

Information Technology

Industrials

Health Care

Financials

Energy

Consumer Staples

Consumer Discretionary

Performance

Blackrock - Equity Dividend

Russell 1000 VL

0.0 15.0 30.0 45.0-15.0-30.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Total Attribution

0.0 0.2 0.4 0.6 0.8 1.0 1.2 1.4 1.6-0.2-0.4-0.6-0.8-1.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples



Blackrock - Equity Dividend - Quarterly Performance Attributes



Page 755

Allocation - 10/01/2016

Portfolio Benchmark

Performance - Quarter EndingDecember 31, 2016

Portfolio Benchmark

Attribution

Sector Stock Interaction Total

Consumer Discretionary 5.69 4.88 5.06 3.62 -0.02 0.07 0.01 0.06

Consumer Staples 8.25 8.86 0.28 -3.20 0.06 0.31 -0.02 0.35

Energy 12.82 13.46 9.78 7.40 0.00 0.32 -0.02 0.30

Financials 25.41 23.42 24.19 21.95 0.31 0.52 0.04 0.87

Health Care 15.15 11.48 0.60 -4.95 -0.42 0.64 0.20 0.42

Industrials 12.47 9.48 5.55 8.95 0.07 -0.32 -0.10 -0.36

Information Technology 7.92 10.04 1.98 0.62 0.13 0.14 -0.03 0.24

Materials 4.12 2.86 8.94 7.65 0.01 0.04 0.02 0.07

Real Estate 0.70 5.11 -4.83 -3.61 0.45 -0.06 0.05 0.44

Telecommunication Services 1.70 3.91 3.87 5.40 0.03 -0.06 0.03 0.00

Utilities 5.76 6.49 2.35 0.32 0.05 0.13 -0.01 0.16

Total 100.00 100.00 9.19 6.64 0.65 1.72 0.18 2.55

City of St. Petersburg Parks Preservation Fund (Weeki Wachee Proceeds)Blackrock - Equity Dividend - Quarterly Performance Attributes



Page 856

Portfolio Characteristics

Portfolio Benchmark

Wtd. Avg. Mkt. Cap ($000) 130,595,209.02 120,671,360.62

Median Mkt. Cap ($000) 66,232,406.17 8,371,705.65

Price/Earnings ratio 19.36 18.43

Price/Book ratio 2.46 2.14

5 Yr. EPS Growth Rate (%) 8.68 6.34

Current Yield (%) 2.63 2.48

Beta N/A 1.00

Number of Stocks 70 696

Debt to Equity 1.35 0.84

Top Ten Equity Holdings

PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

JPMorgan Chase & Co 4.76 2.85 1.91 30.52

Citigroup Inc 3.40 1.58 1.82 26.25

Wells Fargo & Co 3.29 2.29 1.00 25.50

Pfizer Inc 3.09 1.65 1.44 -3.14

General Electric Co 3.04 2.13 0.91 7.49

Morgan Stanley 2.76 0.55 2.21 32.56

SunTrust Banks Inc. 2.54 0.25 2.29 25.86

Microsoft Corp 2.52 0.00 2.52 8.60

Occidental Petroleum Corp 2.14 0.49 1.65 -1.24

Exxon Mobil Corp 2.14 3.42 -1.28 4.32

% of Portfolio 29.68 15.21

Ten Best Performers

PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

KeyCorp 1.06 0.18 0.88 50.86

Goldman Sachs Group Inc 1.11 0.84 0.27 48.93

Morgan Stanley 2.76 0.55 2.21 32.56

JPMorgan Chase & Co 4.76 2.85 1.91 30.52

Prudential Financial Inc 1.73 0.42 1.31 28.35

Citigroup Inc 3.40 1.58 1.82 26.25

SunTrust Banks Inc. 2.54 0.25 2.29 25.86

Wells Fargo & Co 3.29 2.29 1.00 25.50

Marathon Petroleum Corp 1.13 0.24 0.89 25.07

Metlife Inc. 1.05 0.45 0.60 22.32


Ten Worst Performers

PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Astrazeneca PLC 1.47 0.00 1.47 -16.86

Diageo PLC 0.84 0.00 0.84 -10.43

Unilever NV 0.92 0.00 0.92 -10.18

Becton, Dickinson and Co 0.70 0.00 0.70 -7.48

Procter & Gamble Co (The) 1.17 1.95 -0.78 -5.58

Merck & Co Inc. 2.00 1.48 0.52 -4.96

Weyerhaeuser Co 0.61 0.20 0.41 -4.83

Philip Morris International Inc 0.65 1.15 -0.50 -4.81

QUALCOMM Inc. 1.37 0.69 0.68 -4.07

Intel Corp 1.08 1.42 -0.34 -3.18



Blackrock - Equity Dividend - Portfolio Characteristics


Page 957




0.0

3.0

6.0

9.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Wedgewood - Large Cap Growth Russell 1000 Gr

90-Day T-Bills

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

10.0

Re

turn

(%)

-0.9 -0.6 -0.3 0.0 0.3 0.6 0.9 1.2 1.5 1.8 2.1 2.4 2.7


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Wedgewood - Large Cap Growth 1.92 1.92 3.63 04/01/2016

Russell 1000 Gr 1.01 1.01 6.29

Differences 0.91 0.91 -2.66

CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Wedgewood - Large Cap Growth 04/01/2016



Fees/Expenses - - -

Income 5 5 13

Gain/Loss 30 30 49



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Wedgewood - Large Cap Growth 3.63 1.54 0.66 -2.40 62.91 69.67 -0.05 0.25 0.72 04/01/2016

Russell 1000 Gr 6.29 1.97 1.00 -2.48 100.00 100.00 0.00 0.34 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 1.19 -2.24 0.02 N/A 0.00 04/01/2016


Wedgewood - Large Cap Growth - Executive Summary



Page 1058




Wedgewood - Large Cap Growth Russell 1000 Gr Net Cash Flow

$1.4

$1.6

$1.8

$2.0

$2.2

$2.4

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$1.8

$1.9$1.9

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Wedgewood - Large Cap Growth 1,851,948.63 - - -35,843.47 - - 35,478.73 1,851,583.89

0

2

4

6

Fre

qu

en

cy


Returns (%)

0 0 0

1

0

3

2 2

1

0 0 0



Wedgewood - Large Cap Growth - Change in Assets & Distribution of Returns


Page 1159

Allocation

Wedgewood - Large Cap Growth

Russell 1000 Gr

0.0 15.0 30.0 45.0 60.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Performance

Wedgewood - Large Cap Growth

Russell 1000 Gr

0.0 15.0 30.0 45.0-15.0-30.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Total Attribution

0.0 0.3 0.6 0.9 1.2 1.5 1.8-0.3-0.6-0.9-1.2-1.5-1.8

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples



Wedgewood - Large Cap Growth - Quarterly Performance Attributes



Page 1260


Portfolio Benchmark


Portfolio Benchmark

Attribution


Consumer Discretionary 17.81 20.62 -2.47 2.06 -0.03 -0.93 0.13 -0.84

Consumer Staples 13.67 9.64 -6.89 -0.47 -0.06 -0.62 -0.26 -0.94

Energy 11.72 0.64 7.38 -0.88 -0.21 0.05 0.92 0.76

Financials 3.47 2.72 25.28 6.77 0.04 0.50 0.14 0.69

Health Care 4.96 16.78 -2.47 -3.46 0.53 0.17 -0.12 0.58

Industrials 9.34 10.39 -1.92 6.86 -0.06 -0.91 0.09 -0.88

Information Technology 39.04 31.50 1.33 1.07 0.01 0.08 0.02 0.10

Materials 0.00 3.58 0.00 2.05 -0.04 0.00 0.00 -0.04

Real Estate 0.00 2.85 0.00 -5.26 0.18 0.00 0.00 0.18

Telecommunication Services 0.00 1.22 0.00 4.54 -0.04 0.00 0.00 -0.04

Utilities 0.00 0.06 0.00 1.74 0.00 0.00 0.00 0.00

Total 100.00 100.00 0.58 1.01 0.31 -1.66 0.92 -0.43

City of St. Petersburg Parks Preservation Fund (Weeki Wachee Proceeds)Wedgewood - Large Cap Growth - Quarterly Performance Attributes



Page 1361


Portfolio Benchmark

Wtd. Avg. Mkt. Cap ($000) 149,846,049.41 148,016,355.33

Median Mkt. Cap ($000) 45,021,838.11 8,950,669.98





Beta N/A 1.00




PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Apple Inc 11.53 5.53 6.00 2.98

Priceline Group Inc (The) 8.01 0.69 7.32 -0.37

Kraft Heinz Co (The) 7.38 0.06 7.32 -1.75

Visa Inc 7.38 1.41 5.97 -5.47

Schlumberger Ltd 7.25 0.00 7.25 7.39

Alphabet Inc 5.80 2.21 3.59 -1.44

QUALCOMM Inc. 5.77 0.19 5.58 -4.07

Core Laboratories NV 5.20 0.00 5.20 7.38

Verisk Analytics Inc 4.83 0.12 4.71 -0.14

Schwab (Charles) Corp 4.32 0.35 3.97 25.28


Ten Best Performers

PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Schwab (Charles) Corp 4.32 0.35 3.97 25.28

Cognizant Technology 3.64 0.32 3.32 17.44

Fastenal Co 3.09 0.13 2.96 13.33

Tractor Supply Co 3.13 0.10 3.03 12.96

Schlumberger Ltd 7.25 0.00 7.25 7.39


Apple Inc 11.53 5.53 6.00 2.98

Ross Stores Inc 3.59 0.25 3.34 2.23

TJX Companies Inc (The) 2.44 0.47 1.97 0.82

Verisk Analytics Inc 4.83 0.12 4.71 -0.14



PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

TreeHouse Foods Inc 3.81 0.01 3.80 -17.20

LKQ Corp 3.22 0.09 3.13 -13.56

Mead Johnson Nutrition Co 2.87 0.05 2.82 -9.93

Visa Inc 7.38 1.41 5.97 -5.47

QUALCOMM Inc. 5.77 0.19 5.58 -4.07

PayPal Holdings Inc 3.55 0.42 3.13 -3.66

Express Scripts Holding Co 3.20 0.36 2.84 -2.47

Kraft Heinz Co (The) 7.38 0.06 7.32 -1.75

Alphabet Inc 5.80 2.21 3.59 -1.44

Priceline Group Inc (The) 8.01 0.69 7.32 -0.37



Wedgewood - Large Cap Growth - Portfolio Characteristics


Page 1462




0.0

8.0

16.0

24.0

32.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Kennedy - Mid Cap Value Russell Midcap Value

90-Day T-Bills

-10.0

-5.0

0.0

5.0

10.0

15.0

20.0

25.0

30.0

Re

turn

(%)

-1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Kennedy - Mid Cap Value 8.14 8.14 19.37 04/01/2016

Russell Midcap Value 5.52 5.52 15.47


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Kennedy - Mid Cap Value 04/01/2016

Beginning Market Value 511 511 530


Fees/Expenses - - -

Income 2 2 8

Gain/Loss 38 38 81

Ending Market Value 528 528 528


BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Kennedy - Mid Cap Value 19.37 2.92 1.17 -2.32 113.32 55.03 0.11 0.69 0.90 04/01/2016

Russell Midcap Value 15.47 2.36 1.00 -2.42 100.00 100.00 0.00 0.68 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 0.97 -1.86 0.02 N/A 0.00 04/01/2016


Kennedy - Mid Cap Value - Executive Summary



Page 1563




Kennedy - Mid Cap Value Russell Midcap Value Net Cash Flow

$0.4

$0.5

$0.6

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$0.4

$0.5$0.5

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Kennedy - Mid Cap Value 510,537.74 - 983.59 -23,820.29 - - 39,956.06 527,657.10

0

1

2

3

Fre

qu

en

cy


Returns (%)

0 0 0

1

0

1 1

2 2

0 0

2



Kennedy - Mid Cap Value - Change in Assets & Distribution of Returns


Page 1664

Allocation

Kennedy - Mid Cap Value

Russell Midcap Value

0.0 5.0 10.0 15.0 20.0 25.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Performance

Kennedy - Mid Cap Value

Russell Midcap Value

0.0 20.0 40.0 60.0-20.0-40.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Total Attribution

0.0 0.3 0.6 0.9 1.2 1.5 1.8 2.1 2.4-0.3-0.6-0.9-1.2

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples



Kennedy - Mid Cap Value - Quarterly Performance Attributes



Page 1765


Portfolio Benchmark


Portfolio Benchmark

Attribution



Consumer Staples 1.77 3.27 -5.71 -4.29 0.15 -0.05 0.02 0.12

Energy 11.72 10.34 5.80 7.10 0.02 -0.13 -0.02 -0.13

Financials 15.27 17.60 30.69 19.41 -0.33 1.98 -0.26 1.39

Health Care 4.81 4.74 -15.15 -7.19 -0.01 -0.38 -0.01 -0.39

Industrials 10.81 11.08 10.93 9.86 -0.01 0.12 0.00 0.10

Information Technology 13.85 8.92 9.82 6.79 0.07 0.27 0.15 0.49

Materials 4.84 6.12 8.16 7.21 -0.02 0.06 -0.01 0.02

Real Estate 14.81 15.24 -4.03 -3.67 0.04 -0.05 0.00 -0.01

Telecommunication Services 0.00 1.41 0.00 3.61 0.03 0.00 0.00 0.03

Utilities 10.62 11.64 4.14 0.47 0.05 0.43 -0.04 0.44

Total 100.00 100.00 8.46 5.43 -0.11 3.13 0.00 3.03

City of St. Petersburg Parks Preservation Fund (Weeki Wachee Proceeds)Kennedy - Mid Cap Value - Quarterly Performance Attributes



Page 1866


Portfolio Benchmark

Wtd. Avg. Mkt. Cap ($000) 9,996,501.46 13,299,451.10

Median Mkt. Cap ($000) 8,068,999.38 6,365,229.73





Beta N/A 1.00




PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Reinsurance Group of Amer. 2.89 0.23 2.66 17.01

ON Semiconductor Corp 2.87 0.14 2.73 3.57

Harman International 2.85 0.12 2.73 32.17

Huntington Bancshares Inc 2.81 0.41 2.40 34.90

Helmerich & Payne Inc. 2.78 0.22 2.56 16.30

Reliance Steel & Aluminum Co 2.70 0.16 2.54 11.02

Lincoln National Corp 2.65 0.36 2.29 41.78

PacWest Bancorp 2.56 0.19 2.37 28.19

East West Bancorp Inc. 2.56 0.21 2.35 39.17

UGI Corp 2.45 0.23 2.22 2.39


Ten Best Performers

PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Lincoln National Corp 2.65 0.36 2.29 41.78

East West Bancorp Inc. 2.56 0.21 2.35 39.17

Zions Bancorporation 1.91 0.25 1.66 39.04

Huntington Bancshares Inc 2.81 0.41 2.40 34.90

Harman International 2.85 0.12 2.73 32.17

PacWest Bancorp 2.56 0.19 2.37 28.19

Old Dominion Freight Line Inc 2.35 0.06 2.29 25.04

CSRA Inc 1.69 0.00 1.69 18.73

RPC Inc. 1.11 0.03 1.08 18.27

Western Digital Corp 1.99 0.56 1.43 17.05



PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Centene Corp 1.89 0.07 1.82 -15.61

Brixmor Property Group Inc 1.99 0.14 1.85 -11.33

DDR Corp 0.74 0.14 0.60 -11.32

Newfield Exploration Co 1.28 0.17 1.11 -6.81

Gaming and Leisure Properties Inc 1.69 0.00 1.69 -6.60

Ingredion Inc 1.61 0.08 1.53 -5.71

CyrusOne Inc 1.33 0.01 1.32 -5.16

Goodyear Tire & Rubber Co 1.90 0.24 1.66 -4.09

Concho Resources Inc 1.84 0.54 1.30 -3.46

Duke Realty Corp 1.43 0.27 1.16 -2.04



Kennedy - Mid Cap Value - Portfolio Characteristics


Page 1967




0.0

4.0

8.0

12.0

16.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Congress - Mid Cap Growth Russell Midcap Growth

90-Day T-Bills

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

Re

turn

(%)

-1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0 4.5


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Congress - Mid Cap Growth 4.62 4.62 10.04 04/01/2016

Russell Midcap Growth 0.45 0.45 6.71


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Congress - Mid Cap Growth 04/01/2016


Net Contributions - - -38

Fees/Expenses - - -

Income 1 1 3

Gain/Loss 15 15 29



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Congress - Mid Cap Growth 10.04 2.94 1.07 -5.52 141.80 134.02 0.30 0.37 0.84 04/01/2016

Russell Midcap Growth 6.71 2.53 1.00 -4.39 100.00 100.00 0.00 0.29 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 0.89 -2.61 0.02 N/A 0.01 04/01/2016


Congress - Mid Cap Growth - Executive Summary



Page 2068




Congress - Mid Cap Growth Russell Midcap Growth Net Cash Flow

$0.1

$0.2

$0.3

$0.4

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$0.3

$0.3$0.3

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Congress - Mid Cap Growth 331,618.67 - 1,667.16 -1,266.41 - - 15,401.42 347,420.84

0

1

2

3

Fre

qu

en

cy


Returns (%)

0 0

1

0

2

1 1 1

0

1 1 1



Congress - Mid Cap Growth - Change in Assets & Distribution of Returns


Page 2169

Allocation

Congress - Mid Cap Growth

Russell Midcap Growth

0.0 8.0 16.0 24.0 32.0 40.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Performance

Congress - Mid Cap Growth

Russell Midcap Growth

0.0 15.0 30.0-15.0-30.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Total Attribution

0.0 0.3 0.6 0.9 1.2 1.5 1.8 2.1 2.4-0.3-0.6-0.9-1.2-1.5

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples



Congress - Mid Cap Growth - Quarterly Performance Attributes



Page 2270


Portfolio Benchmark


Portfolio Benchmark

Attribution


Consumer Discretionary 15.68 23.44 8.41 1.23 -0.06 1.68 -0.56 1.07

Consumer Staples 5.09 7.35 0.75 -1.41 0.04 0.16 -0.05 0.15

Energy 2.47 1.45 7.38 -1.74 -0.02 0.13 0.09 0.20

Financials 7.94 4.91 15.17 10.13 0.29 0.25 0.15 0.69

Health Care 19.16 16.22 -0.29 -8.57 -0.27 1.34 0.24 1.32

Industrials 26.47 13.92 4.78 4.61 0.52 0.02 0.02 0.57

Information Technology 18.31 22.22 7.31 2.50 -0.08 1.07 -0.19 0.80

Materials 2.37 5.05 -17.14 2.29 -0.05 -0.98 0.52 -0.51

Real Estate 2.50 4.80 1.34 -2.61 0.07 0.19 -0.09 0.17

Telecommunication Services 0.00 0.49 0.00 -1.40 0.01 0.00 0.00 0.01

Utilities 0.00 0.14 0.00 0.00 0.00 0.00 0.00 0.00

Total 100.00 100.00 4.92 0.45 0.46 3.87 0.14 4.47

City of St. Petersburg Parks Preservation Fund (Weeki Wachee Proceeds)Congress - Mid Cap Growth - Quarterly Performance Attributes



Page 2371


Portfolio Benchmark

Wtd. Avg. Mkt. Cap ($000) 7,355,499.40 13,388,456.97

Median Mkt. Cap ($000) 7,144,169.58 6,936,477.86





Beta N/A 1.00




PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Raymond James Fin. Inc. 3.57 0.00 3.57 19.38

B/E Aerospace Inc 3.22 0.22 3.00 16.92

Mettler-Toledo International Inc 3.01 0.40 2.61 -0.30

Middleby Corp (The) 2.93 0.27 2.66 4.20

JB Hunt Transport 2.85 0.31 2.54 19.96

Lennox International Inc. 2.82 0.21 2.61 -2.19

Cooper Companies Inc. (The) 2.82 0.24 2.58 -2.42

Cognex Corp 2.79 0.19 2.60 20.50

Robert Half Intl 2.78 0.23 2.55 29.48

F5 Networks Inc 2.75 0.35 2.40 16.11


Ten Best Performers

PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Robert Half Intl 2.78 0.23 2.55 29.48

Signature Bank 2.55 0.17 2.38 26.80

Texas Roadhouse Inc 2.75 0.00 2.75 24.07

Cambrex Corp 2.72 0.00 2.72 21.35

Cognex Corp 2.79 0.19 2.60 20.50

JB Hunt Transport 2.85 0.31 2.54 19.96

IPG Photonics Corp 2.62 0.11 2.51 19.87

Raymond James Fin. Inc. 3.57 0.00 3.57 19.38

B/E Aerospace Inc 3.22 0.22 3.00 16.92

F5 Networks Inc 2.75 0.35 2.40 16.11



PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

International Flavors & Fragrances Inc 1.87 0.34 1.53 -17.14

Acuity Brands Inc. 2.59 0.37 2.22 -12.71

Equifax Inc. 1.97 0.51 1.46 -11.91

Manhattan Associates Inc 1.88 0.14 1.74 -7.97

Masco Corp 2.26 0.25 2.01 -7.57

Church & Dwight Co. Inc. 2.34 0.41 1.93 -7.41

Henry Schein Inc 2.18 0.45 1.73 -6.92

PAREXEL International Corp 2.61 0.00 2.61 -5.37

Resmed Inc 2.50 0.31 2.19 -3.68

Cooper Companies Inc. (The) 2.82 0.24 2.58 -2.42



Congress - Mid Cap Growth - Portfolio Characteristics


Page 2472




0.0

15.0

30.0

45.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Kayne Anderson - Small Cap Value Russell 2000 VL

90-Day T-Bills

-16.0

-8.0

0.0

8.0

16.0

24.0

32.0

40.0

Re

turn

(%)

-1.4 -0.7 0.0 0.7 1.4 2.1 2.8 3.5 4.2 4.9 5.6 6.3


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Kayne Anderson - Small Cap Value 9.34 9.34 17.38 04/01/2016

Russell 2000 VL 14.07 14.07 29.53

Differences -4.73 -4.73 -12.15

CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Kayne Anderson - Small Cap Value 04/01/2016



Fees/Expenses - - -

Income 10 10 13

Gain/Loss 33 33 63



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Kayne Anderson - Small Cap Value 17.38 4.12 0.86 -5.04 72.36 153.21 -0.71 0.45 0.81 04/01/2016

Russell 2000 VL 29.53 4.30 1.00 -3.29 100.00 100.00 0.00 0.69 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 0.63 -0.76 0.02 N/A 0.07 04/01/2016


Kayne Anderson - Small Cap Value - Executive Summary



Page 2573




Kayne Anderson - Small Cap Value Russell 2000 VL Net Cash Flow

$0.3

$0.4

$0.5

$0.6

$0.7

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$0.4

$0.5

$0.5

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Kayne Anderson - Small Cap Value 471,227.95 - 11,275.23 -52,146.94 - - 42,390.70 472,746.94

0

2

4

6

Fre

qu

en

cy


Returns (%)

1

0 0 0 0

2

0

3

0

1 1 1



Kayne Anderson - Small Cap Value - Change in Assets & Distribution of Returns


Page 2674

Allocation

Kayne Anderson - Small Cap Value

Russell 2000 VL

0.0 8.0 16.0 24.0 32.0 40.0 48.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Performance

Kayne Anderson - Small Cap Value

Russell 2000 VL

0.0 15.0 30.0 45.0-15.0-30.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Total Attribution

0.0 0.6 1.2 1.8 2.4 3.0 3.6-0.6-1.2-1.8-2.4-3.0-3.6-4.2-4.8

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples



Kayne Anderson - Small Cap Value - Quarterly Performance Attributes



Page 2775


Portfolio Benchmark


Portfolio Benchmark

Attribution



Consumer Staples 3.85 2.90 4.39 9.61 -0.04 -0.15 -0.05 -0.24

Energy 4.07 5.19 7.38 20.65 -0.07 -0.69 0.15 -0.61

Financials 18.13 30.09 17.91 23.97 -1.19 -1.82 0.72 -2.29

Health Care 3.74 4.89 -10.22 -1.79 0.18 -0.41 0.10 -0.13

Industrials 21.60 12.63 14.50 14.11 0.01 0.05 0.04 0.09

Information Technology 23.13 10.55 1.72 12.63 -0.18 -1.15 -1.37 -2.70

Materials 2.51 4.53 15.38 15.32 -0.03 0.00 0.00 -0.02

Real Estate 6.70 11.06 20.50 4.52 0.41 1.77 -0.70 1.49

Telecommunication Services 0.00 0.73 0.00 5.67 0.06 0.00 0.00 0.06

Utilities 0.00 6.85 0.00 4.80 0.63 0.00 0.00 0.63

Total 100.00 100.00 10.41 14.02 -0.54 -2.11 -0.96 -3.61

City of St. Petersburg Parks Preservation Fund (Weeki Wachee Proceeds)Kayne Anderson - Small Cap Value - Quarterly Performance Attributes



Page 2876


Portfolio Benchmark

Wtd. Avg. Mkt. Cap ($000) 3,670,374.20 2,040,201.64

Median Mkt. Cap ($000) 3,167,139.15 708,412.25





Beta N/A 1.00

Number of Stocks 30 1,369



PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Bank of Hawaii Corp 5.37 0.00 5.37 22.84

Cheesecake Factory Inc. (The) 5.01 0.00 5.01 20.16

RE/MAX Holdings Inc 4.97 0.10 4.87 28.32

Thor Industries Inc. 4.87 0.00 4.87 18.98

Cinemark Holdings Inc 4.69 0.00 4.69 0.87

Graco Inc. 4.49 0.00 4.49 12.80


Henry (Jack) & Associates Inc. 4.27 0.00 4.27 4.10

WD-40 Co 3.93 0.00 3.93 4.39

RBC Bearings Inc 3.93 0.00 3.93 21.35


Ten Best Performers

PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Primerica Inc 2.93 0.00 2.93 30.74

RE/MAX Holdings Inc 4.97 0.10 4.87 28.32

CLARCOR Inc. 2.46 0.00 2.46 27.39

Landstar System Inc 3.11 0.00 3.11 25.45

First Financial Bankshares Inc 2.12 0.11 2.01 24.54

Sun Hydraulics Corp 2.40 0.01 2.39 24.14

Bank of Hawaii Corp 5.37 0.00 5.37 22.84

RBC Bearings Inc 3.93 0.00 3.93 21.35

Cognex Corp 3.07 0.00 3.07 20.50

Cheesecake Factory Inc. (The) 5.01 0.00 5.01 20.16



PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Equifax Inc. 3.10 0.00 3.10 -11.91

Patterson Companies Inc 3.28 0.00 3.28 -10.22

Monotype Imaging Holdings Inc 3.51 0.00 3.51 -9.71

RLI Corp 3.21 0.04 3.17 -4.33

SiteOne Landscape Supply Inc 1.38 0.00 1.38 -3.34

Cinemark Holdings Inc 4.69 0.00 4.69 0.87

Sally Beauty Holdings Inc 3.05 0.00 3.05 2.88

Henry (Jack) & Associates Inc. 4.27 0.00 4.27 4.10

WD-40 Co 3.93 0.00 3.93 4.39




Kayne Anderson - Small Cap Value - Portfolio Characteristics


Page 2977




0.0

6.0

12.0

18.0

24.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Apex - Small Cap Growth Russell 2000 Gr

90-Day T-Bills

-8.0

-4.0

0.0

4.0

8.0

12.0

16.0

20.0

24.0

Re

turn

(%)

-1.4 -0.7 0.0 0.7 1.4 2.1 2.8 3.5 4.2 4.9 5.6 6.3


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Apex - Small Cap Growth 4.29 4.29 8.95 04/01/2016

Russell 2000 Gr 3.57 3.57 16.79

Differences 0.72 0.72 -7.84

CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Apex - Small Cap Growth 04/01/2016



Fees/Expenses - - -

Income 1 1 1

Gain/Loss 13 13 26



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Apex - Small Cap Growth 8.95 4.12 0.99 -6.49 78.35 130.28 -0.76 0.25 0.93 04/01/2016

Russell 2000 Gr 16.79 4.02 1.00 -6.21 100.00 100.00 0.00 0.45 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 0.75 -0.67 0.02 N/A 0.00 04/01/2016


Apex - Small Cap Growth - Executive Summary



Page 3078




Apex - Small Cap Growth Russell 2000 Gr Net Cash Flow

$0.1

$0.2

$0.3

$0.4

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$0.3

$0.4

$0.3

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Apex - Small Cap Growth 329,239.48 - 2,298.17 -4,452.21 - - 13,448.70 340,534.14

0

1

2

3

Fre

qu

en

cy


Returns (%)

1

0 0

1 1 1 1 1

0

1

0

2



Apex - Small Cap Growth - Change in Assets & Distribution of Returns


Page 3179

Allocation

Apex - Small Cap Growth

Russell 2000 Gr

0.0 8.0 16.0 24.0 32.0 40.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Performance

Apex - Small Cap Growth

Russell 2000 Gr

0.0 15.0 30.0-15.0-30.0

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples


Total Attribution

0.0 0.3 0.6 0.9 1.2 1.5 1.8-0.3-0.6-0.9-1.2

Utilities


Real Estate

Materials


Industrials

Health Care

Financials

Energy

Consumer Staples



Apex - Small Cap Growth - Quarterly Performance Attributes



Page 3280


Portfolio Benchmark


Portfolio Benchmark

Attribution


Consumer Discretionary 20.08 14.66 11.09 7.73 0.24 0.49 0.18 0.91

Consumer Staples 5.59 3.07 7.85 3.34 0.00 0.14 0.11 0.25

Energy 3.15 1.20 2.52 7.49 0.08 -0.06 -0.10 -0.08

Financials 8.00 4.85 17.39 19.55 0.51 -0.10 -0.07 0.34

Health Care 22.70 23.37 -5.25 -7.06 0.07 0.42 -0.01 0.48

Industrials 14.11 15.54 8.48 11.18 -0.11 -0.42 0.04 -0.49

Information Technology 24.28 25.50 -0.61 1.32 0.03 -0.49 0.02 -0.44

Materials 1.43 4.86 1.51 7.74 -0.15 -0.30 0.21 -0.24

Real Estate 0.66 5.42 9.25 2.87 0.03 0.35 -0.30 0.07

Telecommunication Services 0.00 0.76 0.00 12.45 -0.07 0.00 0.00 -0.07

Utilities 0.00 0.78 0.00 9.01 -0.04 0.00 0.00 -0.04

Total 100.00 100.00 4.08 3.39 0.57 0.02 0.09 0.68

City of St. Petersburg Parks Preservation Fund (Weeki Wachee Proceeds)Apex - Small Cap Growth - Quarterly Performance Attributes



Page 3381


Portfolio Benchmark

Wtd. Avg. Mkt. Cap ($000) 2,628,078.10 2,168,500.88

Median Mkt. Cap ($000) 2,200,584.64 879,044.40





Beta N/A 1.00

Number of Stocks 88 1,177



PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Euronet Worldwide Inc 2.51 0.00 2.51 -11.49

Burlington Stores Inc 2.24 0.00 2.24 4.60

Cambrex Corp 2.14 0.19 1.95 21.35

Chemed Corp 2.12 0.29 1.83 13.92

Western Alliance Bancorporation 1.95 0.00 1.95 29.76

Icon PLC 1.79 0.00 1.79 -2.81

Marriott Vacations Worldwide Corp 1.79 0.01 1.78 16.19

La-Z-Boy Inc 1.72 0.07 1.65 26.87

Lithia Motors Inc. 1.68 0.26 1.42 1.70

WageWorks Inc 1.64 0.30 1.34 19.03


Ten Best Performers

PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Dave & Buster's Entertainment Inc 1.55 0.24 1.31 43.70

Bank of the Ozarks 1.38 0.52 0.86 37.54

Evercore Partners Inc 1.31 0.30 1.01 34.05

Ruth's Hospitality Group Inc 0.74 0.07 0.67 30.19

Western Alliance Bancorporation 1.95 0.00 1.95 29.76

Momenta Pharmaceuticals Inc 0.83 0.03 0.80 28.74

Cracker Barrel Old Country Store Inc 1.52 0.34 1.18 27.39

Central Garden & Pet Co 0.87 0.00 0.87 27.27

La-Z-Boy Inc 1.72 0.07 1.65 26.87

Financial Engines Inc 0.95 0.22 0.73 23.93



PortfolioWeight

(%)

BenchmarkWeight

(%)

ActiveWeight

(%)

QuarterlyReturn

(%)

Ophthotech Corp 0.08 0.02 0.06 -89.53

Alder BioPharmaceuticals Inc 0.27 0.11 0.16 -36.53

Radius Health Inc 0.39 0.13 0.26 -29.69

Shutterstock Inc 0.68 0.10 0.58 -25.40

Agios Pharmaceuticals Inc 0.22 0.00 0.22 -21.00

Akorn Inc 0.95 0.00 0.95 -19.92

Qualys Inc 0.72 0.10 0.62 -17.12

Gigamon Inc 0.84 0.17 0.67 -16.88

Proto Labs Inc 0.98 0.14 0.84 -14.29

China Biologic Products Inc 0.69 0.00 0.69 -13.62



Apex - Small Cap Growth - Portfolio Characteristics


Page 3482




0.0

5.0

10.0

-5.0

-10.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Lazard - International Value MSCI EAFE Net

90-Day T-Bills

-6.0

-4.0

-2.0

0.0

2.0

4.0

6.0

8.0

Re

turn

(%)

-1.5 -1.0 -0.5 0.0 0.5 1.0 1.5 2.0 2.5 3.0 3.5 4.0


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Lazard - International Value -4.82 -4.82 -2.02 04/01/2016

MSCI EAFE Net -0.71 -0.71 4.13

Differences -4.11 -4.11 -6.15

CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Lazard - International Value 04/01/2016


Net Contributions 56 56 -123

Fees/Expenses - - -

Income 7 7 25

Gain/Loss -62 -62 -53



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Lazard - International Value -2.02 2.44 0.71 -6.75 51.33 99.63 -0.54 -0.09 0.62 04/01/2016

MSCI EAFE Net 4.13 2.70 1.00 -4.23 100.00 100.00 0.00 0.17 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 0.99 -1.11 0.02 N/A 0.10 04/01/2016


Lazard - International Value - Executive Summary



Page 3583




Lazard - International Value MSCI EAFE Net Net Cash Flow

$1.0

$1.2

$1.4

$1.6

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$1.2

$1.2

$1.2

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Lazard - International Value 1,158,296.80 - 57,905.29 -2,205.78 - - -55,098.46 1,158,897.85

0

2

4

6

Fre

qu

en

cy


Returns (%)

1

0 0

1

2

0 0

2

3

0 0 0



Lazard - International Value - Change in Assets & Distribution of Returns


Page 3684




0.0

4.0

8.0

12.0

-4.0

-8.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Harding Loevner - International Growth

MSCI AC World ex US Net

90-Day T-Bills

-2.0

0.0

2.0

4.0

6.0

8.0

Re

turn

(%)

-0.8 -0.4 0.0 0.4 0.8 1.2 1.6 2.0 2.4 2.8 3.2 3.6


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Harding Loevner - International Growth -4.20 -4.20 3.67 04/01/2016

MSCI AC World ex US Net -1.25 -1.25 4.89

Differences -2.95 -2.95 -1.22

CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Harding Loevner - International Growth 04/01/2016



Fees/Expenses - - -

Income 4 4 21

Gain/Loss -53 -53 17



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Harding Loevner - International Growth 3.67 2.37 0.88 -6.17 83.57 88.48 -0.06 0.17 0.76 04/01/2016

MSCI AC World ex US Net 4.89 2.35 1.00 -3.72 100.00 100.00 0.00 0.23 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 1.04 -1.32 0.02 N/A 0.04 04/01/2016


Harding Loevner - International Growth - Executive Summary



Page 3785




Harding Loevner - International Growth MSCI AC World ex US Net Net Cash Flow

$0.8

$1.0

$1.2

$1.4

$1.6

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$1.1

$1.2$1.2

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Harding Loevner - International Growth 1,167,592.08 - 40,488.36 -2,355.24 - - -49,007.85 1,156,717.35

0

2

4

6

Fre

qu

en

cy


Returns (%)

0 0

1 1

0

1

3

0

2

0

1

0



Harding Loevner - International Growth - Change in Assets & Distribution of Returns


Page 3886




0.0

8.0

16.0

24.0

-8.0

-16.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Lazard - Emerging Markets MSCI EM Net

90-Day T-Bills

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

15.0

18.0

Re

turn

(%)

-1.4 -0.7 0.0 0.7 1.4 2.1 2.8 3.5 4.2 4.9 5.6 6.3


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Lazard - Emerging Markets -3.50 -3.50 11.88 04/01/2016

MSCI EM Net -4.16 -4.16 5.18


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Lazard - Emerging Markets 04/01/2016



Fees/Expenses - - -

Income 4 4 28

Gain/Loss -31 -31 68



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Lazard - Emerging Markets 11.88 4.12 1.27 -7.11 167.02 131.87 0.57 0.32 0.86 04/01/2016

MSCI EM Net 5.18 3.01 1.00 -4.60 100.00 100.00 0.00 0.19 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 1.23 -0.56 0.02 N/A 0.08 04/01/2016


Lazard - Emerging Markets - Executive Summary



Page 3987




Lazard - Emerging Markets MSCI EM Net Net Cash Flow

$0.4

$0.6

$0.8

$1.0

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$0.6

$0.7

$0.7

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Lazard - Emerging Markets 776,823.48 - 10,879.05 -22,671.80 - - -26,130.88 738,899.85

0

1

2

3

Fre

qu

en

cy


Returns (%)

1

0

1

0 0 0

1 1 1

2

0

2



Lazard - Emerging Markets - Change in Assets & Distribution of Returns


Page 4088




0.0

3.0

6.0

-3.0

-6.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Vanguard - REIT ETF MSCI REIT Gross 90-Day T-Bills

-0.8

-0.4

0.0

0.4

0.8

1.2

1.6

2.0

2.4

2.8

3.2

Re

turn

(%)

-1.4 -0.7 0.0 0.7 1.4 2.1 2.8 3.5 4.2 4.9 5.6


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Vanguard - REIT ETF -3.05 -3.05 1.63 04/01/2016

MSCI REIT Gross -2.96 -2.96 2.15

Differences -0.09 -0.09 -0.52

CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Vanguard - REIT ETF 04/01/2016



Fees/Expenses - - -

Income 15 15 28

Gain/Loss -36 -36 -7



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Vanguard - REIT ETF 1.63 4.04 0.99 -12.19 95.95 98.61 -0.05 0.06 1.00 04/01/2016

MSCI REIT Gross 2.15 4.08 1.00 -12.33 100.00 100.00 0.00 0.07 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 0.52 -0.80 0.02 N/A 0.03 04/01/2016


Vanguard - REIT - Executive Summary



Page 4189




Vanguard - REIT ETF MSCI REIT Gross Net Cash Flow

$0.6

$0.7

$0.8

$0.9

$1.0

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$0.7

$0.8

$0.8

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Vanguard - REIT ETF 750,040.78 - 39,756.56 -928.65 - - -21,747.20 767,121.49

0

1

2

3

Fre

qu

en

cy


Returns (%)

1

0

1 1

2

0 0

1

0 0

2

1



Vanguard - REIT - Change in Assets & Distribution of Returns


Page 4290




0.0

0.4

0.8

-0.4

-0.8

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Sage - Short Term Fixed Income ML Tsy 1-3 Yr - G1O2

90-Day T-Bills

-0.2

-0.1

0.0

0.1

0.2

0.3

0.4

0.5

Re

turn

(%)

-0.2 -0.1 0.0 0.1 0.2 0.3 0.4


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Sage - Short Term Fixed Income -0.27 -0.27 0.31 04/01/2016

ML Tsy 1-3 Yr - G1O2 -0.44 -0.44 -0.02


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Sage - Short Term Fixed Income 04/01/2016



Fees/Expenses - - -

Income 14 14 51

Gain/Loss -27 -27 -42



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Sage - Short Term Fixed Income 0.31 0.24 0.90 -0.45 105.05 62.86 0.04 0.05 0.94 04/01/2016

ML Tsy 1-3 Yr - G1O2 -0.02 0.25 1.00 -0.57 100.00 100.00 0.00 -0.10 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 12.82 -14.96 0.02 N/A 0.15 04/01/2016


Sage - Short Term Fixed Income - Executive Summary



Page 4391




Sage - Short Term Fixed Income ML Tsy 1-3 Yr - G1O2 Net Cash Flow

$4.0

$4.4

$4.8

$5.2

$5.6

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$4.6$4.6$4.7

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Sage - Short Term Fixed Income 4,657,565.14 - 21,324.98 -14,512.49 - - -12,568.73 4,651,808.90

0

2

4

6

8

Fre

qu

en

cy


Returns (%)

0 0 0 0 0

4

5

0 0 0 0 0



Sage - Short Term Fixed Income - Change in Assets & Distribution of Returns


Page 4492




0.0

8.0

16.0

-8.0

-16.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

Templeton - Global Fixed Income Citi WGBI Unhedged

90-Day T-Bills

-12.0

-9.0

-6.0

-3.0

0.0

3.0

6.0

9.0

12.0

Re

turn

(%)

-0.8 -0.4 0.0 0.4 0.8 1.2 1.6 2.0 2.4 2.8 3.2


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Templeton - Global Fixed Income 8.27 8.27 6.66 04/01/2016

Citi WGBI Unhedged -8.53 -8.53 -5.13

Differences 16.80 16.80 11.79

CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

Templeton - Global Fixed Income 04/01/2016



Fees/Expenses - - -

Income 7 7 24

Gain/Loss 94 94 54



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

Templeton - Global Fixed Income 6.66 1.80 -0.27 -1.49 -23.31 -72.27 0.59 0.40 0.12 04/01/2016

Citi WGBI Unhedged -5.13 2.36 1.00 -8.74 100.00 100.00 0.00 -0.25 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 1.47 -1.14 0.02 N/A 0.19 04/01/2016


Templeton - Global Fixed Income - Executive Summary



Page 4593




Templeton - Global Fixed Income Citi WGBI Unhedged Net Cash Flow

$1.0

$1.2

$1.4

$1.6

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$1.3

$1.2

$1.3

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

Templeton - Global Fixed Income 1,233,672.54 - - -7,484.20 - - 101,869.59 1,328,057.93

0

2

4

6

Fre

qu

en

cy


Returns (%)

0 0 0 0

1

3 3

0 0

1 1

0



Templeton - Global Fixed Income - Change in Assets & Distribution of Returns


Page 4694




0.0

3.0

6.0

-3.0

-6.0

-9.0

Re

turn

Current

Quarter

Fiscal

YTD

Since

Inception

PIMCO - Emerging Local Fixed Income

JPM GBI-EM Unhedged

90-Day T-Bills

-0.6

-0.3

0.0

0.3

0.6

0.9

1.2

1.5

Re

turn

(%)

-1.4 -0.7 0.0 0.7 1.4 2.1 2.8 3.5 4.2 4.9 5.6 6.3


CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

PIMCO - Emerging Local Fixed Income -5.80 -5.80 1.09 04/01/2016

JPM GBI-EM Unhedged -4.91 -4.91 0.01

Differences -0.89 -0.89 1.08

CurrentQuarter

FiscalYTD

SinceInception

InceptionDate

PIMCO - Emerging Local Fixed Income 04/01/2016



Fees/Expenses - - -

Income 4 4 13

Gain/Loss -22 -22 -14



BetaMaximumDrawdown

UpMarketCapture

DownMarketCapture

AlphaSharpeRatio

R-SquaredInception

Date

PIMCO - Emerging Local Fixed Income 1.09 3.96 0.92 -7.88 92.80 85.45 0.11 0.04 0.98 04/01/2016

JPM GBI-EM Unhedged 0.01 4.28 1.00 -7.87 100.00 100.00 0.00 0.02 1.00 04/01/2016

90-Day T-Bills 0.22 0.00 0.00 0.00 0.85 -0.67 0.02 N/A 0.01 04/01/2016


PIMCO - Emerging Market Fixed Income - Executive Summary



Page 4795




PIMCO - Emerging Local Fixed Income JPM GBI-EM Unhedged Net Cash Flow

$0.2

$0.3

$0.4

$0.5

Ma

rke

t

Valu

e In

Milli

on

s

3/16 4/16 5/16 6/16 7/16 8/16 9/16 10/16 11/16 12/16

$0.3

$0.3$0.3

Market ValueAs of

10/01/2016

NetTransfers


Market ValueAs of

12/31/2016

PIMCO - Emerging Local Fixed Income 312,261.27 - - -5,878.69 - - -17,822.75 288,559.83

0

1

2

3

Fre

qu

en

cy


Returns (%)

2

0 0 0 0

1

2

0

2

1

0

1



PIMCO - Emerging Markets Fixed Income - Change in Assets & Distribution of Returns


Page 4896

Information Disclosures

The performance data shown reflects past performance, which does not guarantee future results. Investment return and principal will

fluctuate so that an investor’s shares when redeemed may be worth more or less than original cost. Please note, current performance may be

higher or lower than the performance data shown. For up to date month-end performance information, please contact your Financial

Advisor or visit the funds’ company website.

Investors should carefully consider the fund’s investment objectives, risks, charges and expenses before investing. The prospectus and, if

available the summary prospectus, contains this and other information that should be read carefully before investing. Investors should review

the information in the prospectus carefully. To obtain a prospectus, please contact your Financial Advisor or visit the funds’ company

website.

Past performance is no guarantee of future results.

Investing involves market risk, including possible loss of principal. Growth investing does not guarantee a profit or eliminate risk. The stocks of

these companies can have relatively high valuations. Because of these high valuations, an investment in a growth stock can be more risky than an

investment in a company with more modest growth expectations. Value investing involves the risk that the market may not recognize that

securities are undervalued and they may not appreciate as anticipated. Small and mid-capitalization companies may lack the financial

resources, product diversification and competitive strengths of larger companies. The securities of small capitalization companies may not trade

as readily as, and be subject to higher volatility than those of larger, more established companies. Bond funds and bond holdings have the same

interest rate, inflation and credit risks that are associated with the underlying bonds owned by the funds. The return of principal in bond funds,

and in funds with significant bond holdings, is not guaranteed. International securities’ prices may carry additional risks, including foreign

economic, political, monetary and/or legal factors, changing currency exchange rates, foreign taxes and differences in financial and accounting

standards. International investing may not be for everyone. These risks may be magnified in emerging markets. Alternative investments,

including private equity funds, real estate funds, hedge funds, managed futures funds, and funds of hedge funds, private equity, and managed

futures funds, are speculative and entail significant risks that can include losses due to leveraging or\other speculative investment practices, lack

of liquidity, volatility of returns, restrictions on transferring interests in a fund, potential lack of diversification, absence and/or delay of

information regarding valuations and pricing, complex tax structures and delays in tax reporting, less regulation and higher fees than mutual funds

and risks associated with the operations, personnel and processes of the advisor. Master Limited Partnerships (MLPs) are limited partnerships

or limited liability companies that are taxed as partnerships and whose interests (limited partnership units or limited liability company units) are

traded on securities exchanges like shares of common stock. Currently, most MLPs operate in the energy, natural resources or real estate sectors.

Investments in MLP interests are subject to the risks generally applicable to companies in the energy and natural resources sectors, including

commodity pricing risk, supply and demand risk, depletion risk and exploration risk; and MLP interests in the real estate sector are subject to

97

special risks, including interest rate and property value fluctuations, as well as risks related to general and economic conditions. Because of their

narrow focus, MLPs maintain exposure to price volatility of commodities and/or underlying assets and tend to be more volatile than investments

that diversify across many sectors and companies. MLPs are also subject to additional risks including: investors having limited control and rights

to vote on matters affecting the MLP, limited access to capital, cash flow risk, lack of liquidity, dilution risk, conflict of interests, and limited call

rights related to acquisitions.

Mortgage backed securities also involve prepayment risk, in that faster or slower prepayments than expected on underlying mortgage loans can

dramatically alter the yield-to-maturity of a mortgage-backed security and prepayment risk includes the possibility that a fund may invest the

proceeds at generally lower interest rates.

Tax managed funds may not meet their objective of being tax-efficient.

Real estate investments are subject to special risks, including interest rate and property value fluctuations, as well as risks related to general and

economic conditions. High yield fixed income securities, also known as “junk bonds”, are considered speculative, involve greater risk of default

and tend to be more volatile than investment grade fixed income securities.

Credit quality is a measure of a bond issuer’s creditworthiness, or ability to repay interest and principal to bondholders in a timely manner. The

credit ratings shown are based on security rating as provided by Standard & Poor’s, Moody’s and/or Fitch, as applicable. Credit ratings are issued

by the rating agencies for the underlying securities in the fund and not the fund itself, and the credit quality of the securities in the fund does not

represent the stability or safety of the fund. Credit ratings shown range from AAA, being the highest, to D, being the lowest based on S&P and

Fitch’s classification (the equivalent of Aaa and C, respectively, by Moody(s). Ratings of BBB or higher by S&P and Fitch (Baa or higher by

Moody’s) are considered to be investment grade-quality securities. If two or more of the agencies have assigned different ratings to a security,

the highest rating is applied. Securities that are not rated by all three agencies are listed as “NR”.

“Alpha tilt strategies comprise a core holding of stocks that mimic a benchmark type index such as the S&P 500 to which additional securities

are added to help tilt the fund toward potentially outperforming the market in an effort to enhance overall investment returns. Tilt strategies are

subject to significant timing risk and could potentially expose investors to extended periods of underperformance.”

Custom Account Index: The Custom Account Index is an investment benchmark based on your historical target allocations and/or manager

selection that you may use to evaluate the performance of your account. The Custom Account index does take into consideration certain changes

that may have occurred in your portfolio since the inception of your account, i.e., asset class and/or manager changes. However, in some

circumstances, it may not be an appropriate benchmark for use with your specific account composition. For detailed report of the historical

composition of this blend please contact your Financial Advisor.

98

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99

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101

Budget V. Actual

102


TO: Rick Kriseman, Mayor

Members of City Council Gary Cornwell, City Administrator FROM: Anne Fritz, Finance Director DATE: January 20, 2017 SUBJECT: Summary of Quarterly Financial Reports for the period ending December 31, 2016

Financial Reports Contents Attached please find the quarterly financial statements for December 31, 2016. The quarterly financial statements include summarized financial reporting by fund, detailed budget versus actual reporting for the General Funds Group and summarized budget versus actual reporting by operating fund. Explanation of financial reports included are as follows:

Summarized Financial Reporting by Fund – summarizes the Schedule of Revenues, Expenditures and Changes in Fund Balance for each fund as well as the reconciliation to budgetary fund balance from month end fund balance as of December 31, 2016. The total expenditures column does not include encumbrances; encumbrances as of December 31, 2016 are included in the calculation to result in budgetary fund balance. Capital projects funds are included within the summary however will be reported on separately by the Budget Department. Detailed Budget versus Actual Reporting for the General Funds Group – provides the Schedule of Revenues, Expenditures and Changes in Fund Balance – Budget versus Actual for the General Funds Group as well as the supporting detail of Other Financing Sources & Uses and Taxes Breakout which includes comparative December 31, 2015 information. The YTD Actual column does not include outstanding encumbrances; encumbrances as of December 31, 2016 are included in the calculation to result in budgetary fund balance on the summarized page of financial reporting by fund. The General Funds Group represents a combination of the (0001) General Fund, (0002) Preservation Reserve, (0008) Economic Stability, (1042) Arts & Cultural Programs, (1108) Assessments Revenue and (1901) Arts in Public Places and (5019) Infrastructure and Technology Fund.

103

Summarized Budget versus Actual Reporting by Operating Fund - provides summarized Schedules of Revenues, Expenditures and Changes in Fund Balance for each operating fund at the City. The YTD Actual column does not include outstanding encumbrances; encumbrances as of December 31, 2016 are included in the calculation to result in budgetary fund balance on the summarized page of financial reporting by fund.

Other Information The governmental, enterprise and internal service funds schedule of revenues, expenditures and changes in fund balance – budget versus actual for the three months ended December 31, 2016 are prepared using the current financial resources measurement focus, are not in accordance with generally accepted accounting principles (GAAP) basis of accounting and are utilized for analysis of operations during the fiscal year. The financial results for the three months ended December 31, 2016 show that revenues and expenditures are generally consistent with the budgeted amounts. However, property tax revenues are almost all collected in the first quarter of the fiscal year so in order to project yearly amounts, this would have to be taken into consideration as this quarter and the next quarter will show only minimal property tax collections. Fund Balance as of October 1, 2016 reflects the unaudited results of fiscal year 2016 and may be subject to year-end financial reporting adjustments. Final financial reports for the year ended September 30, 2016, including the Comprehensive Annual Financial Report (CAFR) audited by our external auditors, will be completed by February 28th, 2017. Included in the current quarters’ financial summary and budget versus actual statements is the adjustment for accounts not included in budgetary fund balance that converts the fund balances from the financial reporting perspective to the City’s budgetary perspective, aiding in the comparison of the financial statements to the City’s budgetary reports. Amounts showing in the “Year to Date Actual” column are for actual expenditures only and do not reflect outstanding encumbrances against appropriations. The outstanding encumbrances are shown as an adjustment to fund balance to show amounts currently encumbered by fund to reflect budgetary fund balance by fund as of December 31, 2016. The Budget Department will produce reports annualizing and estimating total revenues and expenditures for the balance of the fiscal year to project total revenues and total expenditures for the fiscal year. Those reports will be shown separately from this report.

104

City of St. Petersburg, Florida

Sources of Revenue - General Funds Group

Amended Budget Revenues versus Actual Revenues

Amended Budget FY 17

Actual as of December 31, 2016 and Prior

0

20,000,000

40,000,000

60,000,000

80,000,000

100,000,000

120,000,000

December FY 2012 December FY 2013 December FY 2014 December FY 2015 December FY 2016 December FY 2017 Amended Budget 2017(Prorated) (1)

Dollars

Q1 General Fund Revenues Comparison

Taxes Property Taxes Utility Taxes Franchise Taxes Occupational Fees Communications Services Tax

Other Revenues Intergovernmental Revenues Charges for Services Fines & Forfeitures Transfers In

Investment Earnings Grants Licenses & Permits

(1) Represents the FY17 Amended Budget prorated for quarter comparison.105

City of St. Petersburg, Florida

Expenditures - General Funds Group

Amended Budget versus Actual

Amended Budget FY 17

Actual as of December 31, 2016 and Prior

‐10,000,000

0

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

70,000,000

December FY 2012 December FY 2013 December FY 2014 December FY 2015 December FY 2016 December FY 2017 Amended Budget 2017(Prorated) (1)

Dollars

Q1 General Fund Expenditures Comparison

Salaries & Wages Benefits Services Maintenance & Equipment Transfers Out Supplies Rent Grants in Aid Capital Outlay Other Expenses Debt Service

(1) Represents the FY17 Amended Budget prorated for quarter comparison.106

Summarized Financial Reporting by Fund

107

Fund Balance 10/1/2016 (1) Total Revenues Total Expenditures*

Excess (Deficiency) of Revenues over Expenditures

Total Other Financing Sources (Uses)

Excess (Deficiency) of Revenues and Other

Sources over Expenditures and

Other Uses Fund Balance 12/31/16

Adjustments to Budgetary Fund

Balance ** Budgetary Fund Balance 12/31/16

Governmental Funds General Funds Group General Fund $ 29,783,130 $ 103,399,099 $ 52,470,121 $ 50,928,978 $ 4,295,294 $ 55,224,272 $ 85,007,402 $ (4,723,289) $ 80,284,113

Preservation Reserve 72,322 15,865 - 15,865 - 15,865 88,187 (602) 87,585

Economic Stability 25,266,761 115,012 - 115,012 125,001 240,013 25,506,774 (521,145) 24,985,629

Utility Tax Revenue - - - - - - - - -

Arts & Culture Programs - - - - - - - - -

Assessment Revenue 280,888 1,825 16,680 (14,855) - (14,855) 266,033 (2,782) 263,251

Arts in Public Places 811,477 1,523 24,553 (23,030) - (23,030) 788,447 (8,481) 779,966

Technology & Infrastructure 6,200,081 409,381 42,172 367,209 - 367,209 6,567,290 (90,740) 6,476,550

Total General Funds Group 62,414,659 103,942,705 52,553,526 51,389,179 4,420,295 55,809,474 118,224,133 (5,347,039) 112,877,094

Special Revenue Funds Community Redevelopment Districts

Bayboro Harbor Tax Increment District 749,794 1,682 - 1,682 - 1,682 751,476 (5,204) 746,272

Intown West Tax Increment District 3,990,655 14,783 - 14,783 - 14,783 4,005,438 (45,747) 3,959,691

South St. Pete Tax Increment District - - - - - - - -

Downtown Redevelopment District 15,524,366 73,592 - 73,592 (271,125) (197,533) 15,326,833 (228,092) 15,098,741

Grants

Community Development Block Grant 901,265 101,261 192,074 (90,813) - (90,813) 810,452 (7,413) 803,039

Emergency Shelter Grant Fund - 1,162 1,402 (240) - (240) (240) - (240)

Home Program 1,501 48,682 90,108 (41,426) - (41,426) (39,925) - (39,925)

Neighborhood Stabilization Program 572,846 106,937 6,264 100,673 - 100,673 673,519 (11,636) 661,883

Operating Grant - - - - - - - - -

Weeki Wachee 15,579,194 183,385 - 183,385 - 183,385 15,762,579 (944,272) 14,818,307

Professional Sports Facility Sales Tax 14,464 500,011 - 500,011 (480,108) 19,903 34,367 (32) 34,335

Building Permits 9,031,798 1,770,791 1,225,290 545,501 - 545,501 9,577,299 (103,023) 9,474,276

Local Law Enforcement Trust

Local Law Enforcement State Trust Fund (4,500) 120,308 58,215 62,093 570,131 632,224 627,724 (28,267) 599,457

Federal Justice Forfeiture Fund - 8,248 279 7,969 307,542 315,511 315,511 (108) 315,403

Federal Treasury Forfeiture Fund - 1,220 - 1,220 79,663 80,883 80,883 - 80,883

Previously Used Law Enforcement Fund 953,329 3,256 1,192 2,064 (957,336) (955,272) (1,943) - (1,943)

Emergency Medical Services 1,874,353 3,053,567 3,145,613 (92,046) - (92,046) 1,782,307 (17,707) 1,764,600

Local Housing Assistance Trust 1,601,611 690,291 397,181 293,110 - 293,110 1,894,721 (17,901) 1,876,820

Community Housing Trust 95,270 219 - 219 - 219 95,489 (677) 94,812

School Crossing Guard Fund 55,365 89,968 - 89,968 (84,457) 5,511 60,876 (3,741) 57,135

Police Grant Fund 5,466 15,883 68,048 (52,165) - (52,165) (46,699) - (46,699)

Police Officer's Training Fund 95,210 11,823 - 11,823 - 11,823 107,033 (1,163) 105,870

Donation Funds 547,705 65,250 43,457 21,793 - 21,793 569,498 (9,543) 559,955

Total Special Revenue Funds 51,589,692 6,862,319 5,229,123 1,633,196 (835,690) 797,506 52,387,198 (1,424,526) 50,962,672

Debt Service Funds JP Morgan Chase - - - - - - - - -

Professional Sports Facility Sales Tax Debt Service 1,709,871 - 1,709,871 (1,709,871) 480,108 (1,229,763) 480,108 - 480,108

Banc of America - - - - - - - - -

BB&T Notes - - 221,124 (221,124) 221,124 - - - -

Public Service Tax 1,476,557 - 1,443,890 (1,443,890) - (1,443,890) 32,667 - 32,667

Total Debt Service Funds 3,186,428 - 3,374,885 (3,374,885) 701,232 (2,673,653) 512,775 - 512,775

Capital Project Funds Local Option Sales Surtax Improvements 63,397,526 5,973,841 2,236,698 3,737,143 - 3,737,143 67,134,669 (855,691) 66,278,978

General Capital Improvements 64,728,386 149,802 755,531 (605,729) 550,002 (55,727) 64,672,659 (134,676) 64,537,983

Housing Capital Improvements 367,878 3,380 57,503 (54,123) - (54,123) 313,755 (4,443) 309,312

Transportation Capital Improvement 14,028,364 628,716 320,358 308,358 - 308,358 14,336,722 (190,795) 14,145,927

Downtown Parking Garage 2,072,554 6,009 1,091 4,918 212,499 217,417 2,289,971 (18,596) 2,271,375

Weeki Wachee 3,187,371 - 43,939 (43,939) - (43,939) 3,143,432 - 3,143,432

Total Capital Projects Funds 147,782,079 6,761,748 3,415,120 3,346,628 762,501 4,109,129 151,891,208 (1,204,201) 150,687,007

Permanent Funds Library Trust 241,323 1,016 - 1,016 - 1,016 242,339 (3,142) 239,197

Kopsick Palm Arboretum Trust 145,552 2,373 - 2,373 - 2,373 147,925 (146,247) 1,678

Fire Rescue & EMS Awards 32,243 3,128 - 3,128 - 3,128 35,371 (396) 34,975

Total Permanent Funds 419,118 6,517 - 6,517 - 6,517 425,635 (149,785) 275,850

Total Governmental Funds $ 265,391,976 $ 117,573,289 $ 64,572,654 $ 53,000,635 $ 5,048,338 $ 58,048,973 $ 323,440,949 $ (8,125,551) $ 315,315,398

* Total expenditures does not include encumbrances outstanding as of December 31, 2016.

** The Adjustment to Budgetary Fund Balance column represents encumbrances and certain adjustments to convert to Budgetary Fund Balance from Fund Balance as of quarter end.

(1) Represents the unaudited October 1, 2016 beginning fund balance that may be subject to year end financial reporting adjustments.

City of St. Petersburg, Florida Summary of Funds-Schedule of Revenues, Expenditures and Changes in Fund Balance (Non-GAAP)

Governmental Funds For the Three Months Ended December 30, 2016

108

Fund Balance 10/1/2016 (1) Total Revenues Total Expenditures*

Excess (Deficiency) of Revenues over Expenditures

Total Other Financing Sources (Uses)

Excess (Deficiency) of Revenues and Other

Sources over Expenditures and

Other Uses Fund Balance 12/31/16

Adjustments to Budgetary Fund

Balance ** Budgetary Fund Balance 12/31/16

Proprietary Funds Enterprise Funds Water Resources:

Water Resources $ 163,560,449 $ 29,532,743 $ 18,164,270 $ 11,368,473 $ (10,407,507) $ 960,966 $ 164,521,415 $ (144,522,282) $ 19,999,133

Water Cost Stabilization 90,960,284 468,537 - 468,537 (468,537) - 90,960,284 (1,579,705) 89,380,579

Water Resources Debt 33,307,897 1,101,143 14,467,420 (13,366,277) 6,243,912 (7,122,365) 26,185,532 (35,836) 26,149,696

Water Resources Capital Projects 54,463,967 46,099,594 699,392 45,400,202 1,625,001 47,025,203 101,489,170 (39,939) 101,449,231

Stormwater: -

Stormwater Utility Operating 108,086,356 3,922,021 2,412,634 1,509,387 (1,633,065) (123,678) 107,962,678 (103,053,771) 4,908,907

Stormwater Debt Service 43,536 - 43,536 (43,536) 179,571 136,035 179,571 - 179,571

Stormwater Drainage Capital 4,976,685 22,024 176,480 (154,456) 915,000 760,544 5,737,229 (68,806) 5,668,423

Sanitation: -

Sanitation Operating 1,086,230 11,074,824 8,202,074 2,872,750 (1,222,167) 1,650,583 2,736,813 (6,805,129) (4,068,316)

Sanitation Rate Stabilization - - - - - - - - -

Sanitation Debt Service 1,265,110 1,227 1,265,136 (1,263,909) 325,641 (938,268) 326,842 (3,941) 322,901

Sanitation Recycling Equipment (43,740) - - - - - (43,740) - (43,740)

Sanitation Equipment Replacement 12,799,428 167,998 1,119,682 (951,684) 174,999 (776,685) 12,022,743 (197,713) 11,825,030

Tropicana Field 86,071,814 372,938 408,306 (35,368) 36,000 632 86,072,446 (86,070,558) 1,888

Tropicana Field Capital Project 1,367,859 1,528 (239,560) 241,088 - 241,088 1,608,947 (1,403,384) 205,563

Airport Operating 15,623,281 247,360 207,593 39,767 (86,406) (46,639) 15,576,642 (15,583,723) (7,081)

Airport Capital Projects 210,747 - 31,662 (31,662) 31,251 (411) 210,336 - 210,336

Port Operating 14,283,288 11,083 99,851 (88,768) 87,000 (1,768) 14,281,520 (14,252,622) 28,898

Port Capital Improvement 129,917 414 67,131 (66,717) - (66,717) 63,200 (1,280) 61,920

Marina Operating 2,785,982 918,015 580,717 337,298 (246,066) 91,232 2,877,214 (2,285,282) 591,932

Marina Capital Improvement 1,546,677 6,832 58,630 (51,798) 137,499 85,701 1,632,378 (21,140) 1,611,238

Golf Course Operating 865,089 821,029 900,581 (79,552) (16,515) (96,067) 769,022 (1,264,381) (495,359)

Golf Course Capital Projects (246,860) 19 - 19 - 19 (246,841) 259,943 13,102

Jamestown 5,625,933 134,480 156,795 (22,315) 17,000 (5,315) 5,620,618 (5,791,581) (170,963)

Parking 13,284,010 1,944,036 1,245,368 698,668 (348,948) 349,720 13,633,730 (8,073,228) 5,560,502

Mahaffey Theater 34,918,978 36,639 143,950 (107,311) 108,000 689 34,919,667 (34,842,719) 76,948

Pier 5,458,316 - 68 (68) - (68) 5,458,248 (5,448,615) 9,633

Coliseum 3,104,348 219,200 183,418 35,782 - 35,782 3,140,130 (3,093,360) 46,770

Sunken Gardens 6,313,416 313,506 302,360 11,146 - 11,146 6,324,562 (6,317,678) 6,884

Total Enterprise Funds 661,848,997 97,417,190 50,697,494 46,719,696 (4,548,337) 42,171,359 704,020,356 (440,496,730) 263,523,626

Internal Service Funds Fleet Management 4,502,009 3,352,152 3,727,344 (375,192) - (375,192) 4,126,817 (2,640,104) 1,486,713

Equipment Replacement 31,646,709 2,036,832 1,311,666 725,166 - 725,166 32,371,875 (18,857,150) 13,514,725

Municipal Office Building 6,508,324 736,234 554,505 181,729 (500,001) (318,272) 6,190,052 (3,780,333) 2,409,719

Technology Services 1,483,926 2,675,412 2,379,848 295,564 - 295,564 1,779,490 947,371 2,726,861

Billing & Collection 641,773 2,320,008 2,223,384 96,624 - 96,624 738,397 2,154,652 2,893,049

Supply Management 4,843,691 116,276 153,101 (36,825) - (36,825) 4,806,866 (4,476,177) 330,689

Health Insurance 14,867,124 11,791,712 12,066,796 (275,084) - (275,084) 14,592,040 (263,372) 14,328,668

Life insurance 90,721 208,368 201,400 6,968 - 6,968 97,689 (286) 97,403

General Liabilities Claims 1,601,350 926,354 691,705 234,649 - 234,649 1,835,999 4,823,996 6,659,995

Commercial Insurance 8,248,927 1,268,245 22,279 1,245,966 - 1,245,966 9,494,893 (1,861,667) 7,633,226

Worker's Comp (10,153,198) 2,911,059 2,812,802 98,257 - 98,257 (10,054,941) 32,420,489 22,365,548

Total Internal Service Funds 64,281,356 28,342,652 26,144,830 2,197,822 (500,001) 1,697,821 65,979,177 8,467,419 74,446,596

Total Proprietary Funds $ 726,130,353 $ 125,759,842 $ 76,842,324 $ 48,917,518 $ (5,048,338) $ 43,869,180 $ 769,999,533 $ (432,029,311) $ 337,970,222

* Total expenditures does not include encumbrances outstanding as of December 31, 2016.

** The Adjustment to Budgetary Fund Balance column represents encumbrances and certain adjustments to convert to Budgetary Fund Balance from Fund Balance as of quarter end.

(1) Represents the unaudited October 1, 2015 beginning fund balance that may be subject to year end financial reporting adjustments.

City of St. Petersburg, Florida Summary of Funds-Schedule of Revenues, Expenditures and Changes in Fund Balance (Non-GAAP)

Proprietary Funds For the Three Months Ended December 30, 2016

109

Detailed Budget versus Actual Reporting – General Funds

Group

110

FY 17 Annual AdoptedBudget

FY 16 Annual Amended Budget

FY 17 Annual Amended Budget FY 2016 YTD Actual * FY 2017 YTD Actual *

% Change FY 2016 vs FY 2017 - Budget

% Change FY 2016 vs FY 2017 - Actual

REVENUES

Taxes

Property $ 103,699,286 $ 95,824,690 $ 103,699,286 $ 64,123,661 $ 73,370,395 8% 14%

Franchise 19,780,000 20,225,000 19,780,000 5,488,417 4,980,333 -2% -9%

Public Service Tax 26,866,000 27,481,000 26,866,000 7,025,679 7,403,729 -2% 5%

Communication 9,350,000 10,000,000 9,350,000 2,574,147 2,497,154 -7% -3%

Business 2,475,000 2,410,000 2,475,000 2,254,376 2,322,015 3% 3%

Total Taxes 162,170,286 155,940,690 162,170,286 81,466,280 90,573,626 4% 11%

Licenses and Permits 432,000 844,860 432,000 180,243 175,866 -49% -2%

Fines and Forfeitures 2,730,550 2,414,000 2,730,550 847,779 745,780 13% -12%

Service Charges 10,622,674 10,233,192 10,622,673 2,167,508 2,295,311 4% 6%

Charges for General Admin 7,052,821 6,914,530 7,052,821 1,728,661 1,763,211 2% 2%

Intergovernmental Revenues

Federal, State, Local Grants 2,872,702 3,333,675 3,070,652 326,836 372,285 -8% 14%

State - Sales Tax 16,570,000 15,800,000 16,570,000 3,668,974 3,757,236 5% 2%

State - Revenue Sharing 9,069,839 6,077,000 9,069,839 1,419,145 1,834,396 49% 29%

State - Other 575,000 575,000 575,000 260,498 277,325 0% 6%

Pinellas County 3,000,000 3,750,000 3,000,000 569,598 859,630 -20% 51%

Intergovernmental Revenues 32,087,541 29,535,675 32,285,491 6,245,051 7,100,872 9% 14%

Use of Money and Property

Earnings on Investments 1,427,100 934,000 1,427,100 317,960 275,688 53% -13%

Rentals 465,697 354,356 465,697 160,776 188,591 31% 17%

Total 1,892,797 1,288,356 1,892,797 478,736 464,279 47% -3%

Miscellaneous:

Assessments 50,000 50,000 50,000 5,942 (327) 0% -106%

Contributions from citizens and Developers 24,610 30,110 24,610 19,301 112,395 -18% 482%

Gain (Loss) on Sale of Fixed Assets 15,000 15,000 15,000 33,354 20,085 0% -40%

Miscellaneous Revenues 2,785,696 2,454,018 2,785,696 835,763 793,051 14% -5%

Uncollectable, Over & Short - - - 341,133 (101,444) N/A -130%

Total 2,875,306 2,549,128 2,875,306 1,235,493 823,760 13% -33%

TOTAL REVENUES 219,863,975 209,720,431 220,061,924 94,349,751 103,942,705 5% 10%

EXPENDITURES

General Government Administration 22,031,715 21,359,178 24,042,023 4,907,634 4,823,125 13% -2%

Community & Economic Development 7,890,089 8,956,456 11,345,846 1,557,569 2,366,695 27% 52%

Neighborhood Affairs Administration 6,776,079 6,743,658 7,511,513 1,268,270 1,285,511 11% 1%

Public Works Administration 10,282,890 10,058,267 10,967,055 2,672,863 2,841,070 9% 6%

Public Safety - Police 101,484,887 97,340,495 103,800,853 23,678,177 24,121,209 7% 2%

Public Safety - Fire and EMS 30,359,138 31,999,211 31,095,356 7,609,198 7,541,407 -3% -1%

Leisure Services Administration 40,202,282 41,551,579 41,671,328 9,607,865 9,588,849 0% 0%

Contingency 4,553,033 359,000 104,576 - - -71% N/A

Capital outlay 1,826,698 2,938,084 5,887,369 157,679 (14,340) 100% -109%

TOTAL EXPENDITURES 225,406,811 221,305,928 236,425,919 51,459,254 52,553,526 7% 2%

EXCESS (DEFICIENCY) REVENUE (5,542,836) (11,585,497) (16,363,995) 42,890,497 51,389,179 41% 20%

OVER EXPENDITURES

OTHER FINANCING SOURCES (USES)

Transfers/Advances in

General Fund (interfund) 500,000 500,000 500,000 124,992 125,001 0% 0%

Special Revenue 390,000 320,000 390,000 65,510 84,457 22% 29%

Debt Service - - - - - N/A N/A

Enterprise Funds 1,369,359 1,688,359 1,369,359 342,324 342,339 -19% 0%

Capital Funds - - - - - N/A N/A

Internal Service - - - - - N/A N/A

Permanent funds - - - - - N/A N/A

Other 17,013,992 16,437,984 17,013,992 4,109,496 4,241,499 4% 3%

Transfers/Advances In 19,273,351 18,946,343 19,273,351 4,642,322 4,793,296 2% 3%

Transfers/Advances Out:

Governmental (500,000) (500,000) (497,500) (124,992) (125,001) -1% 0%

Special Revenue (8,764,233) (7,263,332) (8,764,233) - - 21% N/A

Debt Service - - - - - N/A N/A

Enterprise Funds (2,704,000) (2,550,087) (2,704,000) (343,000) (248,000) 6% -28%

Capital Funds - (250,000) - (250,000) - -100% -100%

General Fund (interfund) - - - - - N/A N/A

Transfers/Advances Out (11,968,233) (10,563,419) (11,965,733) (717,992) (373,001) 13% -48%

TOTAL OTHER FINANCING SOURCES (USES) 7,305,118 8,382,924 7,307,618 3,924,330 4,420,295 -13% 13%

EXCESS (DEFICIENCY) REVENUES AND

OTHER SOURCES OVER EXPENDITURES $ 1,762,282 $ (3,202,573) $ (9,056,377) $ 46,814,827 $ 55,809,474 183% 19%

AND OTHER USES

* YTD Actual does not include encumbrances outstanding as of December 31.

City of St. Petersburg, FloridaSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget versus Actual

For the Three Months Ended December 30, 2016 and 2015

General Funds Group

111

FY 17 Annual Adopted Budget


FY 17 Annual Amended Budget FY 2016 YTD Actual FY 2017 YTD Actual



Transfers/Advances in from:

Transfers In:

General Fund - Interfund Transfer In $ 500,000 $ 500,000 $ 500,000 $ 124,992 $ 125,001 0% 0%

4811021 Transfer In - Parking Revenue 447,896 447,896 447,896 111,960 111,975 0% 0%

4811025 Transfer In - School Crossing Guard Trust Fund 370,000 300,000 370,000 65,510 84,457 23% 29%

4811041 Transfer In - Weeki Wachee 20,000 20,000 20,000 - - 0% N/A

4811104 Transfer In - South St Pete CRA - - - - - N/A N/A

4812025 Transfer In - Stadium Debt Services - - - - - N/A N/A

4813000 Transfer In - Housing Capital Improvements - - - - - N/A N/A

4813001 Transfer In - General Capital Improvements - - - - - N/A N/A

4813029 Transfer In - Recreation & Culture Capital Improvements - - - - - N/A N/A

4813071 Transfer In - Transportation Improvement - - - - - N/A N/A

4814003 Transfer In - Water And Wastewater Capital Projects - 319,000 - - - -100% N/A

4814021 Transfer In - Sanitation Operating 390,843 390,843 390,843 97,704 97,710 0% 0%

4814041 Transfer In - Marina Operating 310,000 310,000 310,000 77,508 77,499 0% 0%

4815019 Transfer In - Tech Fund - - - - - N/A N/A

Advances In:

4824031 Advance from Airport Operating 220,620 220,620 220,620 55,152 55,155 0% 0%

Payment in Lieu of Taxes 17,013,992 16,437,984 17,013,992 4,109,496 4,241,499 4% 3%

19,273,351 18,946,343 19,273,351 4,642,322 4,793,296 2% 3%

Transfers/Advances out from:

Transfers Out:

General Fund - Interfund Transfer Out (500,000) (500,000) (497,500) (124,992) (125,001) -1% 0%

5911104 Transfer Out - South St. Pete Tax Increment District (716,232) (285,773) (716,232) - - 151% N/A

5911105 Transfer Out - Redevelopment Revenue (7,459,332) (6,473,439) (7,459,332) - - 15% N/A

5911106 Transfer Out - Bayboro Harbor Tax Increment District (52,917) (45,666) (52,917) - - 16% N/A

5911107 Transfer Out - Intown West Tax Increment District (535,752) (458,454) (535,752) - - 17% N/A

5911201 Transfer Out - Mahaffey Theater Operating (450,000) (439,587) (450,000) - (108,000) 2% N/A

5911203 Transfer Out - Pier Operating (100,000) - (100,000) (12,000) - N/A -100%

5911205 Transfer Out - Coliseum Operating (232,500) (253,500) (232,500) (1,000) - -8% -100%

5911207 Transfer Out - Sunken Gardens (154,500) (170,000) (154,500) (71,000) - -9% -100%

5911208 Transfer Out - Tropicana Field (1,485,000) (1,400,000) (1,485,000) (209,000) (36,000) 6% -83%

5911740 Transfer Out - Patterson Trust - - - - - N/A N/A

5913000 Transfer Out - Housing Capital Improvements - - - - - N/A N/A

5913001 Transfer Out - General Capital Improvements - (250,000) - (250,000) - -100% -100%

5914081 Transfer Out - Jamestown - (64,500) - - (17,000) -100% N/A

5914091 Transfer Out - Port Operating (217,500) (222,500) (217,500) (50,000) (87,000) -2% 74%

Advances Out:

5924081 Advance To Jamestown Complex (64,500) - (64,500) - - N/A N/A

$ (11,968,233) $ (10,563,419) $ (11,965,733) $ (717,992) $ (373,001) 13% -48%

City of St. Petersburg, FloridaSchedule of Revenues, Expenditures and Changes in Fund Balance - Budget versus Actual

Other Financing Sources & Uses DetailFor the Three Months Ended December 30, 2016 and 2015

General Funds Group

112

FY 17 Annual Adopted Budget


FY 17 Annual Amended Budget FY 2016 YTD Actual FY 2017 YTD Actual



TAXES

Taxes Property Current $ 103,449,286 $ 95,574,690 $ 103,449,286 $ 64,043,831 $ 72,834,208 8% 14%

Taxes Property Delinquent 250,000 250,000 250,000 79,830 536,187 0% 572%

Taxes Property PILOT - - - - - N/A N/A

Taxes Franchise Electricity 19,000,000 19,500,000 19,000,000 5,267,461 4,762,123 -3% -10%

Taxes Franchise Natural Gas 780,000 725,000 780,000 220,956 218,211 8% -1%

Public Service Tax - Electricity 21,500,000 22,500,000 21,500,000 5,754,921 6,108,633 -4% 6%

Public Service Tax - Natural Gas 625,000 600,000 625,000 150,893 137,837 4% -9%

Public Service Tax - Water 4,600,000 4,200,000 4,600,000 1,084,183 1,131,170 10% 4%

Public Service Tax - Fuel Oil 1,000 1,000 1,000 33 59 0% 79%

Public Service Tax - Propane 140,000 180,000 140,000 35,649 26,029 -22% -27%

Communications Services Tax 9,350,000 10,000,000 9,350,000 2,574,147 2,497,154 -7% -3%

Business Taxes 2,475,000 2,410,000 2,475,000 2,254,376 2,322,015 3% 3%

TOTAL TAXES $ 162,170,286 $ 155,940,690 $ 162,170,286 $ 81,466,280 $ 90,573,626 4% 11%

General Funds Group

City of St. Petersburg, FloridaGeneral Funds Group Taxes Detail - Budget versus ActualFor the Three Months Ended December 30, 2016 and 2015

113

Summarized Budget versus Actual Reporting – Operating

Funds

114

City of St. Petersburg, FloridaSummarized Schedule of Revenues, Expenditures and Changes in Fund Balance - Budget versus Actual

For the Three Months Ended December 31, 2016

Annual Adopted Budget

Annual Amended Budget YTD Actual*

Variance with Final Budget Over/Under

Percentage Earned/Consumed

TOTAL REVENUES $ 43,468 $ 43,468 $ 1,682 $ 41,786 3.87%

TOTAL EXPENDITURES - - - - N/A

-

EXCESS (DEFIECIENCY) OF REVENUES 43,468 43,468 1,682 41,786 3.87%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) 52,917 52,917 - 52,917 0.00%

EXCESS (DEFICIENCY) OF REVENUES AND

OTHER SOURCES OVER EXPENDITURES $ 96,385 $ 96,385 $ 1,682 $ 94,703 1.75%

AND OTHER USES





TOTAL REVENUES $ 478,343 $ 478,343 $ 14,783 $ 463,560 3.09%



OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 1,014,095 $ 1,014,095 $ 14,783 $ 999,312 1.46%

AND OTHER USES





TOTAL REVENUES $ 513,669 $ 513,669 $ - $ 513,669 0.00%


EXCESS (DEFIECIENCY) OF REVENUES 513,669 513,669 - 513,669 0.00%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 1,229,901 $ 1,229,901 $ - $ 1,229,901 0.00%

AND OTHER USES





TOTAL REVENUES $ 5,439,337 $ 5,439,337 $ 73,592 $ 5,365,745 1.35%


EXCESS (DEFIECIENCY) OF REVENUES 5,439,337 5,439,337 73,592 5,365,745 1.35%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) 1,437,605 1,437,605 (271,125) 1,708,730 -18.86%


OTHER SOURCES OVER EXPENDITURES $ 6,876,942 $ 6,876,942 $ (197,533) $ 7,074,475 -2.87%

AND OTHER USES

FUND=1106 (Bayboro Harbor Tax Increment District)

FUND=1104 (South St. Pete Tax Increment District)

FUND=1107 (Intown West Tax Increment District)

FUND=1105 (Downtown Redevelopment District)

* YTD Actual does not include encumbrances outstanding as of December 31, 2016.115







TOTAL REVENUES $ 1,656,833 $ 2,592,903 $ 101,261 $ 2,491,642 3.91%

TOTAL EXPENDITURES 1,353,367 2,569,055 192,074 2,376,981 7.48%

EXCESS (DEFIECIENCY) OF REVENUES 303,466 23,848 (90,813) 114,661 -380.80%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) (303,466) (303,466) - (303,466) 0.00%


OTHER SOURCES OVER EXPENDITURES $ - $ (279,618) $ (90,813) $ (188,805) 32.48%

AND OTHER USES





TOTAL REVENUES $ 142,779 $ 145,912 $ 1,162 $ 144,750 0.80%

TOTAL EXPENDITURES 142,779 174,441 1,402 173,039 0.80%

EXCESS (DEFIECIENCY) OF REVENUES - (28,529) (240) (28,289) 0.84%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) - - - - N/A


OTHER SOURCES OVER EXPENDITURES $ - $ (28,529) $ (240) $ (28,289) 0.84%

AND OTHER USES





TOTAL REVENUES $ 906,770 $ 2,436,435 $ 48,682 $ 2,387,753 2.00%

TOTAL EXPENDITURES 956,770 2,642,640 90,108 2,552,532 3.41%

EXCESS (DEFIECIENCY) OF REVENUES (50,000) (206,205) (41,426) (164,779) 20.09%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ (50,000) $ (206,205) $ (41,426) $ (164,779) 20.09%

AND OTHER USES





TOTAL REVENUES $ 356,000 $ 1,843,725 $ 106,937 $ 1,736,788 5.80%

TOTAL EXPENDITURES 350,000 1,848,014 6,264 1,841,750 0.34%

EXCESS (DEFIECIENCY) OF REVENUES 6,000 (4,289) 100,673 (104,962) -2347.24%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 6,000 $ (4,289) $ 100,673 $ (104,962) -2347.24%

AND OTHER USES

FUND=1111 (Community Development Block Grant)

FUND=1112 (Emergency Shelter Grant Fund)

FUND=1113 (Home Program)

FUND=1114 (Neighborhood Stabilization Program)








TOTAL REVENUES $ - $ - $ - $ - N/A


EXCESS (DEFIECIENCY) OF REVENUES - - - - N/A

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ - $ - $ - $ - N/A

AND OTHER USES





TOTAL REVENUES $ 239,000 $ 239,000 $ 183,385 $ 55,615 76.73%

TOTAL EXPENDITURES 278,000 278,000 - 278,000 0.00%

EXCESS (DEFIECIENCY) OF REVENUES (39,000) (39,000) 183,385 (222,385) -470.22%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) (20,000) (20,000) - (20,000) 0.00%


OTHER SOURCES OVER EXPENDITURES $ (59,000) $ (59,000) $ 183,385 $ (242,385) -310.82%

AND OTHER USES





TOTAL REVENUES $ 2,000,004 $ 2,000,004 $ 500,011 $ 1,499,993 25.00%


EXCESS (DEFIECIENCY) OF REVENUES 2,000,004 2,000,004 500,011 1,499,993 25.00%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) (1,920,424) (1,920,424) (480,108) (1,440,316) 25.00%



AND OTHER USES





TOTAL REVENUES $ 4,971,300 $ 4,971,300 $ 1,770,791 $ 3,200,509 35.62%

TOTAL EXPENDITURES 5,168,306 5,353,645 1,225,290 4,128,355 22.89%


OVER EXPENDITURES




AND OTHER USES

FUND=1720 (Federal Operating Grant)

FUND=1041 (Weeki Wachee)

FUND=1051 (Pro Sports Facility)

FUND=1151 (Building Permit Special Revenue)








TOTAL REVENUES $ 24,000 $ 24,000 $ 3,256 $ 20,744 13.57%



OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) - (936,793) (957,336) 20,543 102.19%


OTHER SOURCES OVER EXPENDITURES $ (82,950) $ (1,020,089) $ (955,272) $ (64,817) 93.65%

AND OTHER USES





TOTAL REVENUES $ - $ - $ 120,308 $ (120,308) N/A

TOTAL EXPENDITURES - 343,571 58,215 285,356 16.94%

EXCESS (DEFIECIENCY) OF REVENUES - (343,571) 62,093 (405,664) -18.07%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) - 570,131 570,131 - 100.00%


OTHER SOURCES OVER EXPENDITURES $ - $ 226,560 $ 632,224 $ (405,664) 279.05%

AND OTHER USES






TOTAL EXPENDITURES - 210,552 279 210,273 0.13%

EXCESS (DEFIECIENCY) OF REVENUES - (210,552) 7,969 (218,521) -3.78%

OVER EXPENDITURES




AND OTHER USES







EXCESS (DEFIECIENCY) OF REVENUES - - 1,220 (1,220) #DIV/0!

OVER EXPENDITURES




AND OTHER USES

FUND=1601 (Local Law Enforcement State Trust Fund)

FUND=1602 (Federal Justice Forfeiture Fund)

FUND=1603 (Federal Treasury Forfeiture Fund)

FUND=1023 (Law Enforcement Fund)








TOTAL REVENUES $ 12,133,029 $ 12,133,029 $ 3,053,567 $ 9,079,462 25.17%


EXCESS (DEFIECIENCY) OF REVENUES (1,379,169) (1,854,793) (92,046) (1,762,747) 4.96%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ (1,379,169) $ (1,854,793) $ (92,046) $ (1,762,747) 4.96%

AND OTHER USES





TOTAL REVENUES $ 2,048,936 $ 2,048,936 $ 690,291 $ 1,358,645 33.69%


-

EXCESS (DEFIECIENCY) OF REVENUES 26,000 (1,520,943) 293,110 (1,814,053) -19.27%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 26,000 $ (1,520,943) $ 293,110 $ (1,814,053) -19.27%

AND OTHER USES





TOTAL REVENUES $ 8,000 $ 8,000 $ 219 $ 7,781 2.74%


EXCESS (DEFIECIENCY) OF REVENUES 8,000 8,000 219 7,781 2.74%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 8,000 $ 8,000 $ 219 $ 7,781 2.74%

AND OTHER USES





TOTAL REVENUES $ 375,000 $ 375,000 $ 89,968 $ 285,032 23.99%



OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) (370,000) (370,000) (84,457) (285,543) 22.83%


OTHER SOURCES OVER EXPENDITURES $ 5,000 $ 5,000 $ 5,511 $ (511) 110.22%

AND OTHER USES

FUND=1009 (Emergency Medical Services)

FUND=1019 (Local Housing Assistance)

FUND=1117 (Community Housing Donation)

FUND=1025 (School Crossing Guard)








TOTAL REVENUES $ 1,000 $ 124,740 $ 15,883 $ 108,857 12.73%

TOTAL EXPENDITURES - 203,159 68,048 135,111 33.49%

EXCESS (DEFIECIENCY) OF REVENUES 1,000 (78,419) (52,165) (26,254) 66.52%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 1,000 $ (78,419) $ (52,165) $ (26,254) 66.52%

AND OTHER USES







EXCESS (DEFIECIENCY) OF REVENUES - - 11,823 (11,823) N/A

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ - $ - $ 11,823 $ (11,823) N/A

AND OTHER USES






TOTAL EXPENDITURES - 855 43,457 (42,602) 5082.69%

EXCESS (DEFIECIENCY) OF REVENUES - (855) 21,793 (22,648) -2548.89%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ - $ (855) $ 21,793 $ (22,648) -2548.89%

AND OTHER USES






TOTAL EXPENDITURES 3,168,504 3,168,504 - 3,168,504 0.00%

EXCESS (DEFIECIENCY) OF REVENUES (3,168,504) (3,168,504) - (3,168,504) 0.00%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) 3,168,504 3,168,504 - 3,168,504 0.00%



AND OTHER USES

FUND=1702 (Police Grant Fund)

FUND=1701 (Police Officers Training)

FUND=DONF (Donation)

FUND=2010 (JP Morgan Chase Revenue Notes)









TOTAL EXPENDITURES 1,905,083 1,905,083 1,709,871 195,212 89.75%

EXCESS (DEFIECIENCY) OF REVENUES (1,905,083) (1,905,083) (1,709,871) (195,212) 89.75%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) 1,920,424 1,920,424 480,108 1,440,316 25.00%


OTHER SOURCES OVER EXPENDITURES $ 15,341 $ 15,341 $ (1,229,763) $ 1,245,104 -8016.19%

AND OTHER USES






TOTAL EXPENDITURES 197,665 197,665 - 197,665 0.00%

EXCESS (DEFIECIENCY) OF REVENUES (197,665) (197,665) - (197,665) 0.00%

OVER EXPENDITURES




AND OTHER USES








OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) 230,085 230,085 221,124 8,961 96.11%



AND OTHER USES







EXCESS (DEFIECIENCY) OF REVENUES (2,528,938) (2,528,938) (1,443,890) (1,085,048) 57.09%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) 2,528,938 2,528,938 - 2,528,938 0.00%


OTHER SOURCES OVER EXPENDITURES $ - $ - $ (1,443,890) $ 1,443,890 N/A

AND OTHER USES

FUND=2013 (Banc Of America Notes Debt Service Fund)

FUND=2027 (Sports Facility Sales Tax Debt)

FUND=2014 (BB&T Notes)

FUND=2030 (Public Service Tax Debt Service Fund)








TOTAL REVENUES $ - $ - $ 524 $ (524) N/A


EXCESS (DEFIECIENCY) OF REVENUES - - 524 (524) N/A

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ - $ - $ 524 $ (524) N/A

AND OTHER USES








OVER EXPENDITURES -




AND OTHER USES








OVER EXPENDITURES




AND OTHER USES








OVER EXPENDITURES




AND OTHER USES

FUND=6111 (Edward S. Roscoe Estate - part of the Library Trust Fund)

FUND=6119 (Mainwood Donation - part of the Library Trust Fund)

FUND=6113 (Chris V. Ellis Estate - part of the Library Trust Fund)

FUND=6115 (Library Endowment Fund - part of the Library Trust Fund)











OVER EXPENDITURES




AND OTHER USES








OVER EXPENDITURES




AND OTHER USES





TOTAL REVENUES $ 122,007,368 $ 122,007,368 $ 29,532,743 $ 92,474,625 24.21%


EXCESS (DEFIECIENCY) OF REVENUES 41,646,027 39,015,448 11,368,473 27,646,975 29.14%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) (41,918,634) (41,918,634) (10,407,507) (31,511,127) 24.83%


OTHER SOURCES OVER EXPENDITURES $ (272,607) $ (2,903,186) $ 960,966 $ (3,864,152) -33.10%

AND OTHER USES





TOTAL REVENUES $ 1,341,000 $ 1,341,000 $ 468,537 $ 872,463 34.94%


EXCESS (DEFIECIENCY) OF REVENUES 1,341,000 1,341,000 468,537 872,463 34.94%

OVER EXPENDITURES -

TOTAL OTHER FINANCING SOURCES (USES) (1,292,000) (1,292,000) (468,537) (823,463) 36.26%


OTHER SOURCES OVER EXPENDITURES $ 49,000 $ 49,000 $ - $ 49,000 0.00%

AND OTHER USES

FUND=4001 (Water Resources)

FUND=4005 (Water Cost Stabilization)

FUND=6117 (G Kopsick Palm Restricted)

FUND=6201 (Fire Rescue & EMS Awards)








TOTAL REVENUES $ 1,284,856 $ 1,284,856 $ 1,101,143 $ 183,713 85.70%


-

EXCESS (DEFIECIENCY) OF REVENUES (23,463,302) (23,463,302) (13,366,277) (10,097,025) 56.97%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) 24,975,651 24,975,651 6,243,912 18,731,739 25.00%


OTHER SOURCES OVER EXPENDITURES $ 1,512,349 $ 1,512,349 $ (7,122,365) $ 8,634,714 -470.95%

AND OTHER USES





TOTAL REVENUES $ 15,851,691 $ 15,851,691 $ 3,922,021 $ 11,929,670 24.74%



OVER EXPENDITURES




AND OTHER USES








OVER EXPENDITURES




AND OTHER USES





TOTAL REVENUES $ 44,336,798 $ 44,336,798 $ 11,074,824 $ 33,261,974 24.98%



OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 989,374 $ 131,239 $ 1,650,583 $ (1,519,344) 1257.69%

AND OTHER USES

FUND=4002 (Water Resources Debt)

FUND=4011 (Stormwater Utility Operating)

FUND=4012 (Stormwater Debt Service)

FUND=4021 (Sanitation Operating)











OVER EXPENDITURES




AND OTHER USES





TOTAL REVENUES $ 8,000 $ 8,000 $ 1,227 $ 6,773 15.34%

TOTAL EXPENDITURES 1,291,416 1,291,416 1,265,136 26,280 97.97%

EXCESS (DEFIECIENCY) OF REVENUES (1,283,416) (1,283,416) (1,263,909) (19,507) 98.48%

OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) 1,302,560 1,302,560 325,641 976,919 25.00%


OTHER SOURCES OVER EXPENDITURES $ 19,144 $ 19,144 $ (938,268) $ 957,412 -4901.11%

AND OTHER USES








OVER EXPENDITURES




AND OTHER USES





TOTAL REVENUES $ 219,000 $ 219,000 $ 167,998 $ 51,002 76.71%



OVER EXPENDITURES




AND OTHER USES

FUND=4027 (Sanitation Equipment Replacement)

FUND=4023 (Sanitation Recycling Equipment)

FUND=4025 (Rate Stabilization)

FUND=4022 (Sanitation Debt Service)








TOTAL REVENUES $ 853,925 $ 853,925 $ 372,938 $ 480,987 43.67%



OVER EXPENDITURES

TOTAL OTHER FINANCING SOURCES (USES) 1,485,000 1,485,000 36,000 1,449,000 2.42%


OTHER SOURCES OVER EXPENDITURES $ 4,397 $ 4,397 $ 632 $ 3,765 14.37%

AND OTHER USES





TOTAL REVENUES $ 1,157,200 $ 1,157,200 $ 247,360 $ 909,840 21.38%



OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 2,795 $ (26,780) $ (46,639) $ 19,859 174.16%

AND OTHER USES





TOTAL REVENUES $ 133,099 $ 133,099 $ 11,083 $ 122,016 8.33%



OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 715 $ (17,313) $ (1,768) $ (15,545) 10.21%

AND OTHER USES





TOTAL REVENUES $ 4,023,591 $ 4,023,591 $ 918,015 $ 3,105,576 22.82%



OVER EXPENDITURES




AND OTHER USES

FUND=1208 (Tropicana Field)

FUND=4031 (Airport Operating)

FUND=4091 (Port Operating)

FUND=4041 (Marina Operating)








TOTAL REVENUES $ 3,691,770 $ 3,691,770 $ 821,029 $ 2,870,741 22.24%



OVER EXPENDITURES -



OTHER SOURCES OVER EXPENDITURES $ 72 $ (52,805) $ (96,067) $ 43,262 181.93%

AND OTHER USES





TOTAL REVENUES $ 514,557 $ 514,557 $ 134,480 $ 380,077 26.14%



OVER EXPENDITURES




AND OTHER USES





TOTAL REVENUES $ 6,894,617 $ 6,876,660 $ 1,944,036 $ 4,932,624 28.27%


EXCESS (DEFIECIENCY) OF REVENUES 1,493,928 977,808 698,668 279,140 71.45%

OVER EXPENDITURES




AND OTHER USES





TOTAL REVENUES $ 146,000 $ 146,000 $ 36,639 $ 109,361 25.10%



OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ - $ (181) $ 689 $ (870) -380.66%

AND OTHER USES

FUND=4061 (Golf Course Operating)

FUND=4081 (Jamestown Complex)

FUND=1021 (Parking Revenue)

FUND=1201 (Mahaffey Theater Operating)









TOTAL EXPENDITURES 100,000 100,018 68 99,950 0.07%

EXCESS (DEFIECIENCY) OF REVENUES (100,000) (100,018) (68) (99,950) 0.07%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ - $ (18) $ (68) $ 50 377.78%

AND OTHER USES





TOTAL REVENUES $ 560,257 $ 560,257 $ 219,200 $ 341,057 39.12%



OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 769 $ (12,964) $ 35,782 $ (48,746) -276.01%

AND OTHER USES





TOTAL REVENUES $ 1,026,133 $ 1,026,133 $ 313,506 $ 712,627 30.55%

TOTAL EXPENDITURES 1,177,066 1,284,817 302,360 982,457 23.53%


OVER EXPENDITURES -




AND OTHER USES





TOTAL REVENUES $ 15,917,100 $ 15,917,100 $ 3,352,152 $ 12,564,948 21.06%



OVER EXPENDITURES




AND OTHER USES

FUND=1203 (Pier Operating)

FUND=1205 (Coliseum Operating)

FUND=1207 (Sunken Gardens)

FUND=5001 (Fleet Management)








TOTAL REVENUES $ 8,746,321 $ 8,746,321 $ 2,036,832 $ 6,709,489 23.29%


EXCESS (DEFIECIENCY) OF REVENUES (305,027) (2,417,304) 725,166 (3,142,470) -30.00%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ (305,027) $ (2,417,304) $ 725,166 $ (3,142,470) -30.00%

AND OTHER USES





TOTAL REVENUES $ 2,956,880 $ 2,956,880 $ 736,234 $ 2,220,646 24.90%



OVER EXPENDITURES




AND OTHER USES





TOTAL REVENUES $ 10,489,736 $ 10,489,736 $ 2,675,412 $ 7,814,324 25.51%


EXCESS (DEFIECIENCY) OF REVENUES (53,130) (777,219) 295,564 (1,072,783) -38.03%

OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ (53,130) $ (777,219) $ 295,564 $ (1,072,783) -38.03%

AND OTHER USES





TOTAL REVENUES $ 8,688,848 $ 8,688,598 $ 2,320,008 $ 6,368,590 26.70%



OVER EXPENDITURES




AND OTHER USES

FUND=5005 (Municipal Office Buildings)

FUND=5011 (Technology Services)

FUND=5002 (Equipment Replacement)

FUND=5201 (Billing & Collections)








TOTAL REVENUES $ 423,000 $ 423,000 $ 116,276 $ 306,724 27.49%



OVER EXPENDITURES




AND OTHER USES





TOTAL REVENUES $ 48,506,993 $ 48,506,993 $ 11,791,712 $ 36,715,281 24.31%



OVER EXPENDITURES



OTHER SOURCES OVER EXPENDITURES $ 392,336 $ 380,879 $ (275,084) $ 655,963 -72.22%

AND OTHER USES





TOTAL REVENUES $ 861,842 $ 861,842 $ 208,368 $ 653,474 24.18%



OVER EXPENDITURES




AND OTHER USES





TOTAL REVENUES $ 3,651,392 $ 3,651,392 $ 926,354 $ 2,725,038 25.37%


EXCESS (DEFIECIENCY) OF REVENUES 111,612 99,445 234,649 (135,204) 235.96%

OVER EXPENDITURES -



OTHER SOURCES OVER EXPENDITURES $ 111,612 $ 99,445 $ 234,649 $ (135,204) 235.96%

AND OTHER USES

FUND=5031 (Supply Management)

FUND=5121 (Health Insurance)

FUND=5123 (Life Insurance)

FUND=5125 (General Liabilities Claims)








TOTAL REVENUES $ 5,027,916 $ 5,027,916 $ 1,268,245 $ 3,759,671 25.22%


EXCESS (DEFIECIENCY) OF REVENUES (227,546) (230,790) 1,245,966 (1,476,756) -539.87%

OVER EXPENDITURES -



OTHER SOURCES OVER EXPENDITURES $ (227,546) $ (230,790) $ 1,245,966 $ (1,476,756) -539.87%

AND OTHER USES





TOTAL REVENUES $ 11,438,399 $ 11,468,856 $ 2,911,059 $ 8,557,797 25.38%



OVER EXPENDITURES




AND OTHER USES

FUND=5129 (Workers' Compensation)

FUND=5127 (Commercial Insurance)


Date Book Value Market assessment

Gain

December 31, 2016 625,175,735 627,201,287 2,025,551

September 30, 2016 531,156,030 537,980,561 6,824,531

June 30, 2016 555,264,843 562,540,182 7,275,339

March 31, 2016 566,554,087 571,700,891 5,146,804

QuarterEnding

Book Value Rate of Return

Market Value

Adjustment

MarketValue

Adjusted Rate of Return

Average Institutional

Market

MerrillLynch 1

– 5 Index

December 31, 2016

1.69% ‐4.67% ‐2.98% 0.56% ‐0.54%

September 30, 2016

1.57% 0.16% 1.73% 0.45% 0.002%

June 30, 2016

1.64% 1.07% 2.71% 0.39% 0.59%

March 31, 2016

1.73% 4.93% 6.66% 0.03% 1.26%

Total Investment Portfolio – Quarter

Ended

Amortized Book Value‐Average Per Quarterly

Investment Earnings –Quarter Average

Rate of Return

December 31, 2016 543,732,105 691,705 1.590%

September 30, 2016 503,718,787 647,561 1.570%

June 30, 2016 521,742,553 663,027 1.530%

March 31, 2016 494,050,570 643,984 1.623%

Total Twelve Months of Earnings

7,938,831 1.58%


ETF


Value ETF

Vanguard Dividend

Appreciation ETF

Vanguard High Dividend

Yield ETF Vanguard S&P

500 ETF Total

Market Value Gain /

(Loss) 46429B663 464287598 921908844 921946406 922908363

Cost - Febuary 17, 2015 3,999,944 3,999,924 3,999,945 4,002,146 3,999,823 20,001,781

Market Value

October 2016 4,099,727 4,007,725 4,048,088 4,126,772 4,117,828 20,400,140 398,359 Gain / (Loss) 99,783 7,801 48,143 124,626 118,006 398,359

November 2016 4,152,991 4,233,843 4,168,582 4,301,183 4,271,247 21,127,846 1,126,064 Gain / (Loss) 153,047 233,919 168,637 299,037 271,425 1,126,064

December 2016 4,253,312 4,315,508 4,189,238 4,390,417 4,332,657 21,481,131 1,479,350 Gain / (Loss) 253,368 315,583 189,293 388,271 332,834 1,479,350

Net Asset Value

Change from February 17, 2015to December 31, 2016

6.33% 7.89% 4.73% 9.70% 8.32%


ETF Ishares Russell 1000 Value ETF

Vanguard Dividend

Appreciation ETF


ETF Vanguard S&P

500 ETF Total 46429B663 464287598 921908844 921946406 922908363

Cost - February 17, 2015 3,999,944 3,999,924 3,999,945 4,002,146 3,999,823 20,001,781

Dividends ReceivedJanuary 2015 n/a n/a n/a n/a n/a n/a February 2015 n/a n/a n/a n/a n/a n/a March 2015 37,068 19,814 22,574 26,770 20,765 126,991 April 2015 - - - - - -May 2015 - - - - - -June 2015 37,480 - - - 19,035 56,515 July 2015 - 27,877 21,738 32,449 - 82,064 August 2015 - - - - - -September 2015 - - 21,787 30,594 20,111 72,493 October 2015 37,345 19,859 - - - 57,204 November 2015 - - - - - -December 2015 37,009 25,708 23,361 34,708 23,044 143,830 January 2016 - - - - - -February 2016 - - - - - -March 2016 34,999 23,504 20,164 27,697 21,230 127,594 April 2016 - - - - - -May 2016 - - - - - -June 2016 35,134 - 21,935 33,492 20,111 110,672 July 2016 - 23,719 - - - 23,719 August 2016 - - - - - -September 2016 35,558 20,074 19,328 27,987 18,634 121,582 October 2016 -November 2016 -December 2016 33,907 29,791 28,377 38,649 27,349 158,074

Cumulative Total 288,500 190,347 179,265 252,346 170,280 1,080,738

Type Number of Investments

Face Amount

Purchased 20 98,850,000

Called ‐ ‐

Matured 1 2,000,000

Total Called/Matured 1 2,000,000

Investments due to mature within 1 year $ 187,895,739

SBA A 22,834,146

AIM 6,518,309

Morgan Stanley 17,531,604

Concentration Account 12‐31‐16 43,412,797

Total Investments due to mature within 1 year $ 278,192,596

Minimum Required $ 90,000,000

Difference $ 188,192,596



Corporate Bonds 19.02%

Index Funds, 3.20%

AIM Investements, 3.20%


Non Taxable Municipals, 2.80%State Board Admin Fund A,

0.09%



US Treasury, 14.87%

Parks Preservations, 2.37%

Collaterized Mortgage Obligations, 0.16%

Amortized Book Value Total PortfolioDecember 31, 2016



Corporate Bonds, 19.00%

Index Funds, 3.43%AIM Investements, 1.04%


Non Taxable Municipals, 0.09%

State Board Admin Fund A, 3.65%



US Treasury, 14.86%

Alliance Bernstein, 2.52%Collaterized Mortgage Obligations, 0.17%

Market Value Total PortfolioDecember 31, 2016

0.03 0.03

0.04

0.04

0.04 0.04

0.04

0.04 0.03

0.03

0.03

0.03

0.03

0.03

0.03 0.

03

0.03

0.39

0.45 0.56

1.26 1.

42 1.47

1.33

1.22

1.11

1.19

1.24 1.32 1.

35

1.32

1.33

1.37 1.

41 1.52 1.65 1.

73

1.64

1.57

1.69

0.330.43 0.46

0.16 0.14

-0.75

0.52

0.11

0.340.54

0

0.42

0.79

0.09 0.58

-0.49

1.26

0.59

0.002

-0.54‐1.00

0.00

1.00

2.00

3.00

4.00

5.003/12

6/12

9/12

12/12

3/13

6/13

9/13

12/13

3/14

6/14

9/14

12/14

3/15

6/15

9/15

12/15

3/16

6/16

9/16

12/31

Portfolio's Book Value Earnings RatesPrior Five Years

December 31, 2016 Institutional Money Markets

City

Merrill Lynch

0.03

0.03

0.04

0.04

0.04

0.04

0.04

0.04

0.03

0.03

0.03

0.03

0.03

0.03

0.03

0.03

0.03 0.

39

0.45 0.

56

1.63

1.34

1.45 1.32 1.2

-3.3

5

1.91

0.14

2.15

1.84

0.27

1.8

3.24

-0.4

4

2.82

-0.9

6.66

2.71

1.73

-2.9

8

0.33 0.43 0.460.16 0.14

-0.75

0.52 0.11 0.34 0.54 0 0.420.79 0.09

0.58 -0.49

1.26

0.59 0.002 -0.54

‐6

‐4

‐2

0

2

4

6

8

103/12

6/12

9/12

12/12

3/13

6/13

9/13

12/13

3/14

6/14

9/14

12/14

3/15

6/15

9/15

12/15

3/16

6/16

9/16

12/31

Portfolio's Market Adjusted Earnings RatesPrior Five Years

December 31, 2016

Institutional Money Markets

City

Merrill Lynch

‐

1,000

2,000

3,000

4,000

5,000

6,000

7,000

8,000

9,000

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29 FY30 FY31 FY32

Dollars ( In

Thousands)

Fiscal Year

General Governmental Debt Service ‐ Principal and Interest As of December 31, 2016

Principal Interest

‐

10,000

20,000

30,000

40,000

50,000

60,000

BB&T Non Ad ValoremRevenue Note, Series

2010

JP Morgan Chase NonAd Valorem RefundingRevenue Note, Series

2011 (MahaffeyTheater)

JP Morgan Chase NonAd Valorem RefundingRevenue Note, Series2011 (Repayment ofSection 108 Loan)

Professional SportsFacility Sales Tax

Refunding RevenueBond, Series 2014

Public Service TaxRevenue Bonds, Series

2016A (Pier)

Public Service TaxRevenue Bonds, Series2016B (Pier Approach)

Dollars (In Thousands)

Outstanding Debt Issuance

City of St. PetersburgGeneral Governmental Debt Service ‐ Principal and Interest Detail


Principal Interest

Life to Date as of September 30, 2016

Fiscal Year to Date as of December 31, 2016

TOTAL TOTAL Total LTD

PIER VISIONING PROJECT 11988 ‐ New Pier

Prior to debt issuance of Public Service Tax Revenue Bonds as well as with Debt Issuance of Public Service Tax Revenue Bonds Series 2016 A($40M) ‐ total funding is $50,000,000 for the Pier.

$ 50,000,000

TASK

Construction Personnel 61,367 ‐ 61,367

Consultant 6,942,678 133,082 7,075,760

Contractor 2,700,906 144,964 2,845,870

Design Personnel 364,061 8,195 372,255

Other 42,769 ‐ 42,769

Personnel 4,130 ‐ 4,130

PR Marketing Personnel 90,365 ‐ 90,365

Survey Personnel 4,714 ‐ 4,714

10,210,990 286,240 10,497,230

Available for Pier as of 12/31/16 $ 39,502,770

PIER APPROACH PROJECT 15377

Debt Issuance Public Service Tax Revenue Bonds, Series 2016A ($20,000,000 Funding Available) $ 20,000,000

TASK

Construction Personnel 1,167 1,167 1,167

Consultant 374,231 374,231 387,231

Design Personnel 18,922 18,922 29,851

Other 4,611 4,611 4,611

398,930 398,930 422,859

Available for Pier Approach as of 12/31/16 $ 19,577,141

‐

5,000,000.00

10,000,000.00

15,000,000.00

20,000,000.00

25,000,000.00

Series1 Series2

‐

500,000.00

1,000,000.00

1,500,000.00

2,000,000.00

2,500,000.00

FY17 FY18 FY19 FY20 FY21 FY22 FY23 FY24 FY25 FY26 FY27 FY28 FY29

Principal Interest

940,000

950,000

960,000

970,000

980,000

990,000

1,000,000

1,010,000

2017 2018 2019

Fiscal Year Principal

245,000

250,000

255,000

260,000

265,000

270,000

275,000

280,000

285,000

290,000

295,000

300,000

2017 2018 2019 2020 2021 2022 2023

‐

100,000.00

200,000.00

300,000.00

400,000.00

500,000.00

600,000.00

700,000.00

800,000.00

2017 2018 2019 2020 2021 2022

First Florida Governmental Financing Commission Notes ‐ 2007 Commission Note ‐ Marina Project Interest

First Florida Governmental Financing Commission Notes ‐ 2007 Commission Note ‐ Marina Project Principal


Investment Manager Manager Type Dollars Percent of Total

Cost Dollars Percent of Total

MarketMarket Value as a % of Cost

Vanderbilt Fixed Income $ 48,440,478 13.70% $ 48,468,465 12.23% 100%

Marco Fixed Income 35,607,169 10.07% 35,821,160 9.04% 101%Wells Fargo Adv Govt Money Market Funds Money Market 243,087 0.07% 243,087 0.06% 100%

Boston Large Cap Value 67,956,635 19.22% 78,846,180 19.90% 116%

Barrow, Hanley, et al Mid Cap Value 7,849,948 2.22% 10,838,779 2.74% 138%

Systematic Mid Cap Value 10,433,918 2.95% 11,184,971 2.82% 107%

Wells Capital Mid Cap Growth 18,165,451 5.14% 20,793,922 5.25% 114%

Sawgrass Asset Management Large Cap Growth 28,848,824 8.16% 35,091,193 8.86% 122%

Renaissance Invest Mgmt Large Cap Growth 28,302,157 8.01% 37,908,964 9.57% 134%

Templeton Portfolio Adv Intl Foreign Stocks 18,354,351 5.19% 18,096,138 4.57% 99%

Renaissance Intl Growth Foreign Stocks 16,078,051 4.55% 17,742,691 4.48% 110%

Cushing Alt - MLP/Energy Strategy 19,448,314 5.50% 21,122,153 5.33% 109%

Private Advisors (b) (e) Alt - Hedge Funds 11,639,066 3.29% 12,698,171 3.21% 109%

Blackstone (c) Mutual Fund/Alt - Hedge Funds 2,705,446 0.77% 2,718,760 0.69% 100%

Blackrock (c) Mutual Fund/Alt - Long/Short Credit 2,705,446 0.77% 2,729,722 0.69% 101%

UBS Realty Investors LLC (e) Alt - Real Estate 36,735,309 10.39% 41,856,550 10.57% 114%

Total Employee Retirement System $ 353,513,649 100.00% $ 396,160,906 100% 112%

(b) In April 2016, Private Advisors, LLC announced the closure of the Private Advisors Stable Value funds due to a higher than expected level of redemptions in Q1 2016 as a result of the current market environment and recent performance. It is the intention of Private Advisors, LLC to return the full 100% of the assets, with a small remainder coming after the 12/31/2018 distribution date. The first distribution was received by both plans in August 2016. It is also important to point out that the remaining investments will be subject to market value fluctuations; so the total capital returned may be higher or lower than what has been estimated. Effective June 30th, the funds will not charge management or performance fees. (c) Mutual Funds held by the Police Pension Plan.(e) Cost and Market value are as of November 30, 2016 - pending receipt of the December statement.

(a) Mutual Funds held by the Fire Pension Plan.


Investment Manager Manager Type Dollars Percent of Total Cost Dollars

Percent of Total

Market


Richmond Aggregate Fixed Income $ 38,315,589 17.43% $ 38,816,262 15.90% 101%

Richmond Short Fixed Income 17,354,663 7.89% 16,843,302 6.90% 97%

American Euro/Pacific (a) Foreign Stocks 9,188,096 4.18% 13,995,887 5.73% 152%

MFS International Value (a) Foreign Stocks 12,666,726 5.76% 14,189,044 5.81% 112%

Vanguard Mid Cap Growth Index (a) Mid Cap Growth 4,890,457 2.22% 7,421,203 3.04% 152%

Vanguard REIT Index (a) Real Estate 8,971,150 4.08% 9,550,345 3.91% 106%

Vanguard Russell 1000 Value (a) Large Cap Value 94,053,825 42.78% 103,766,666 42.51% 110%

Vanguard Russell 2000 Growth (a) Small Growth 4,335,031 1.97% 7,006,806 2.87% 162%

Invesco Global Target Trust Alt - Collective Trust 8,283,128 3.77% 8,147,366 3.34% 98%

PIMCO All Asset Fund (a) Alt - All Asset 8,638,839 3.93% 7,607,705 3.12% 88%

Frontier Small Cap Value 13,094,453 5.96% 16,710,275 6.85% 128%

Mutual Funds Cash Equivalent (a) Money Market 25,336 0.01% 25,336 0.01% 100%

Wells Fargo Adv Govt Money Market Funds Money Market 23,789 0.01% 23,789 0.01% 100%

Total Fire Pension Fund $ 219,841,083 100.00% $ 244,103,986 100.00% 111%


Investment Manager Manager Type Dollars Percent of Total Cost Dollars

Percent of Total Market


Marco Fixed Income $ 39,509,400 12.35% $ 38,859,195 10.49% 98%

Boston Large Cap Value 43,751,636 13.68% 50,733,991 13.69% 116%

Buckhead Large Cap Value 37,802,079 11.82% 46,880,610 12.65% 124%

Wedgewood Large Cap Growth 35,557,578 11.12% 42,996,823 11.60% 121%

DePrince Small Cap Value 20,164,596 6.30% 23,185,639 6.26% 115%

Lord Abbett Small Cap Growth 19,433,747 6.08% 20,215,797 5.46% 104%

Thornburg Foreign Stocks 27,889 0.01% 27,889 0.01% 100%

American-Euro/Pac (c) Mutual Fund/Foreign Stocks 10,515,213 3.29% 22,023,883 5.94% 209%

Delaware Foreign Stocks 21,534,719 6.73% 21,048,449 5.68% 98%

Sawgrass Asset Management Large Cap Growth 37,831,907 11.83% 44,231,686 11.94% 117%

Cushing Alt - MLP/Energy Strategy 17,492,546 5.47% 19,224,017 5.19% 110%

UBS Realty Investors LLC (e) Alt - Real Estate 21,621,382 6.76% 26,352,864 7.11% 122%

Private Advisors (b) (e) Alt - Hedge Funds 6,245,201 1.95% 6,300,557 1.70% 101%

Blackstone (d) Mutual Fund/Alt - Hedge Funds 4,168,844 1.30% 4,222,437 1.14% 101%

Blackrock (d)Mutual Fund/Alt - Long/Short Credit 4,149,783 1.30% 4,229,184 1.14% 102%

Wells Fargo Adv Govt Money Market Funds Money Market 35,139 0.01% 35,139 0.01% 100%

Total Police Pension Fund $ 39,509,400 100.00% $ 370,568,161 100.00% 116%(b) In April 2016, Private Advisors, LLC announced the closure of the Private Advisors Stable Value funds due to a higher than expected level of redemptions in Q1 2016 as a result of the current market environment and recent performance. It is the intention of Private Advisors, LLC to return the full 100% of the assets, with a small remainder coming after the 12/31/2018 distribution date. The first distribution was received by both plans in August 2016. It is also important to point out that the remaining investments will be subject to market value fluctuations; so the total capital returned may be higher or lower than what has been estimated. Effective June 30th, the funds will not charge management or performance fees. (c) Mutual Funds held by the Police Pension Plan.(d) Mutual Funds held by the Police Pension Plan. (e) Cost and Market value are as of November 30, 2016 - pending receipt of the December statement.

ERS Fire Police

Actuarial Present Value of Benefits (1) $ 347,113,619 $ 204,806,846 $ 371,085,431

Accumulated to Oct 1, 2015

Using 7.75% Interest Rate Basis ‐ ERS

8% Interest Rate Basis ‐ Fire & Police

(FASB 35)

Total Assets (Current) (2) $ 396,160,906 $ 244,103,986 $ 370,568,161



12 Months Change 6.00% 4.42% 1.20%

Three Months Total

2016 and ending Since

Prior 12/31/2016 Inception

Net Revenues Less Expenditures & Net Transfers $ 15,579,193 183,385 $ 15,762,578

Fund Balance Beginning - October 1 - 15,579,193 -

Total Fund Balance 15,579,193 15,762,578 15,762,578

Fund Balance Investment Designation 14,481,941 14,481,941 14,481,941

Fund Balance Maintenance Designation 367,874 367,874 367,874

Fund Balance Undesignated $ 729,378 $ 912,763 $ 9 12,763

2016 and Prior 12/31/2016Total Since Inception

REVENUES AND TRANSFERS IN Revenues:

Proceeds From Sale of Land 14,481,941 - 14,481,941Investment Earnings 5,627,860 97,148 5 ,725,008Securities Lending Revenue (Net) 43,132 - 43,132Skate Park Sticker Sales 25,039 - 25,039Gains/(Losses) on Investments 6,998,221 86,237 7 ,084,458

Transfers In: Unused Funds Returned from Capital Projects 445,810 - 445,810

Total Revenues & Transfers In 27,622,004 183,385 27,805,389

EXPENDITURES AND TRANSFERS OUT Operating Expenditures 759,261 - 759,261Transfers Out 11,283,550 - 11,283,550

Total Expenditures and Transfers Out 12,042,811 - 12,042,811

Net Revenues Less Expenditures & Net Transfers 15,579,193 183,385 15,762,578Fund Balance Beginning - October 1 - 15,579,193 -Total Fund Balance 15,579,193 15,762,578 15,762,578

◦ Includes summarized financial information for each fund and reconciliation to the budgetary fund balance◦ Includes detailed General Funds Group budget versus actual pages◦ Includes summarized budget versus actual statements for all operating funds

0

20,000,000

40,000,000

60,000,000

80,000,000

100,000,000

120,000,000

December FY 2012 December FY 2013 December FY 2014 December FY 2015 December FY 2016 December FY 2017 Amended Budget2017 (Prorated) (1)

Dollars

Taxes Property Taxes Utility Taxes Franchise Taxes Occupational Fees

Communications Services Tax Other Revenues Intergovernmental Revenues Charges for Services

Fines & Forfeitures Transfers In Investment Earnings Grants

Licenses & Permits

(1) Represents the FY17 Amended Budget prorated for quarter comparison.

‐10,000,000

0

10,000,000

20,000,000

30,000,000

40,000,000

50,000,000

60,000,000

70,000,000

December FY 2012 December FY 2013 December FY 2014 December FY 2015 December FY 2016 December FY 2017 Amended Budget2017 (Prorated) (1)

Dollars

Salaries & Wages Benefits Services Maintenance & Equipment

Transfers Out Supplies Rent Grants in Aid

Capital Outlay Other Expenses Debt Service

(1) Represents the FY17 Amended Budget prorated for quarter comparison.

In an effort to continue our commitment to “Government in the Sunshine”, and to enhance transparency in financial reporting, the City of St. Petersburg is offering an interactive reporting tool that allows citizens to explore budget and other financial data online in various graphical formats selected by the user. OpenGov, a California‐based company specializing in data accessibility, pioneered this online application.

Nine Views Available to Public:1. Annual: 5 years of annual historical data compared to the current year amended budget.2. Current: 6 years of quarterly year to date historical data compared to the current quarterly

year to date and prorated amended budget.3. Pension Plans Administrative Expense Budget: 2015‐2016 Pension Admin Expenses

Adopted Budget for ERS, Fire and Police pension plans. (New for FY 2016)4. Balance Sheet: 4 years of annual historical data for assets and liabilities & equities.5. Schedule of Grant Expenditures: 11 years of annual historical data for grants expenditures

from federal funding sources, state funding sources and other funding sources.6. Annual Debt Schedules: debt schedules for all outstanding debt issuances through the

respective maturity dates.7. Taxable Assessed Value & Estimate Actual Value of Property: 11 years of annual historical

data for taxable assessed value and estimated actual property values.8. Property Tax Levies & Collections: 11 years of annual historical data for taxes levied each

fiscal year, amount collected within fiscal year of the levy, delinquent collections and total collections to date.

9. Gov Funds Financial Indicators: 6 years of annual historical financial indicators including available fund balance to expenditures, quick ratio, operational liquidity, debt per population, revenue per population, expenditure per population and city millage rate.

Link to OpenGov

City of St. Petersburg M E M O R A N D U M

Budget & Management

TO: Budget, Finance and Taxation Committee

FROM: Tom Greene, Budget and Management Director

DATE: February 2, 2017

RE: FY17 Budgetary Analysis and Fund Balance Report

At the February 9th meeting of the Budget, Finance and Taxation Committee the Budget Department will

present the Fiscal Year 2017 first quarter budget performance and projections. During the meeting we

will review the projected revenues and expenditures, the projected fund balance and their relationship to

the targets as well as a review of the capital improvement projects that closed during the first quarter. The

detailed information that will be discussed is attached for your review prior to the meeting.

OVERVIEW

The attached Quarterly Fund Status Report (the stoplight report) includes several sections with

information on revenues, expenditures, and ending fund balances based on actual performance in the first

quarter and then projecting performance during the remainder of fiscal year 2017. Please note that

projecting results for the remainder of the year, based on only three months of actual data, is a difficult

exercise. The second enclosure is a summary of Capital Improvement Projects completed and closed

during the first quarter of 2017.

FUND PERFORMANCE AND FUND BALANCE TARGETS

General Fund

The stoplight report was reformatted in an attempt to separate the BP and partially BP funded investment

from the true operating revenue and operating expenses.

General Fund Operating (excluding BP expenditures)

Based on first quarter actual performance and projecting over the balance of the year we estimate General

Fund revenue collections to be $237.498 million compared to estimated total operating expenditures of

$241.165 million which includes $2.912 million of FY16 encumbrances. Once we control for the FY16

encumbrances which have already been taken out of the FY17 beginning fund balance, we estimate that

$755,000 in fund balance would be used to cover FY17 operating expenses.

General Fund BP

The FY17 beginning fund balance of the General Fund includes $5.239 million of unspent BP resources.

In the FY17 amended budget there are total appropriations of $3.973 million in BP related expenditures.

The balance of the BP resources ($1.302 million) have either been reserved for future investment

($475,000 for the Tree Canopy Program and $200,000 for the Climate Action Plan) or are available for

future appropriation ($626,546). As you will see on the General Fund BP line of the stoplight report, no

Budget, Finance & Taxation Committee Page 2 Re: First Quarter FY17 Budget Analysis and Fund Balance Report

additional revenues are expected to support these investments. Thus these investments directly reduce the

fund balance of the General Fund.

General Fund Bike Share/Ferry Pilot

The FY17 beginning fund balance of the General Fund includes $1.233 million in resources for the Bike

Share and Ferry Pilot Programs. During FY16 the General Fund recognized revenue from the city of

Tampa and Hillsborough and Pinellas counties for the Ferry project and from the Parking Revenue Fund

and the Transportation Impact Fee CIP Fund for the Bike Share. These resources were combined with BP

resources to fund these two programs. Portions of these investments were not expended during FY16 so

they were rolled over into FY17. A total of $960,000 for the Ferry Pilot Program will be expended during

FY17 and $273,000 for the Bike Share Program will be expended during FY17. As you will see on the

General Fund Bike Share/Ferry Pilot line of the stoplight report, no additional revenues are expected to

support these investments. Thus these investments directly reduce the fund balance of the General Fund.

General Fund Balance and Targets

Should these projections hold for the remainder of the fiscal year the balance of the General Fund Group

of Funds at year-end would be $49.457 million which will exceed the target of $47.375 million by $2.082

million. Additionally, for FY17 the core General Fund Target of 5% equates to $11.799 million and we

project that at the end of FY17 the core General Fund will have a balance of $14.968 which will exceed

the target by $3.169 million.

Selected Enterprise Funds

Water Resources Operating Fund

Based on the actual performance through the first quarter and projections for the balance of FY17, the

Water Resources Fund is performing below budget expectations. The FY17 Adopted budget for the Water

Resource Operating Fund contemplated the use of $272,607 in fund balance with budgeted revenue of

$123.593 million and $123.866 million in expenses. Based on actual revenue and expenditures through

the first quarter and projections for the balance of the year, we estimate Water Resources revenue of

$122.631 million and expenses of $127.200 million (which includes $1.725 million of FY16

encumbrances that have already been accounted for in the FY17 beginning fund balance) resulting in an

estimated use of fund balance of $2.844 million. Even though we estimate a larger use of fund balance,

we project that this fund will still meet its fund balance target at year end.

Sanitation Operating Fund


Sanitation Fund is performing better than budgeted expectations. The FY17 Sanitation Fund adopted

budget included revenue of $44.337 million and expenses of $43.347 million thus budgeting to add

$989,374 to the fund balance. Based on actual revenue and expenditures through the first quarter and

projections for the balance of the year, we estimate Sanitation revenue of $44.299 million and expenses

of $42.965 million (which includes $475,000 of FY16 encumbrances that have already been accounted

for in the FY17 beginning fund balance) resulting in an estimated increase in fund balance of $1.809

million.

Budget, Finance & Taxation Committee Page 3 Re: First Quarter FY17 Budget Analysis and Fund Balance Report

Stormwater Utility Operating Fund


Stormwater Utility Fund is performing slightly below budget expectations. The FY17 Adopted budget

for the Stormwater Utility Operating Fund contemplated the use of $1.099 million in fund balance with

budgeted revenue of $15.852 million and $16.951 million in expenses. Based on actual revenue and

expenditures through the first quarter and projections for the balance of the year, we estimate Stormwater

revenue of $15.707 million and expenses of $17.143 million (which includes $39,000 of FY16

encumbrances that have already been accounted for in the FY17 beginning fund balance) resulting in an

estimated use of fund balance of $1.397 million. Even though we estimate a larger use of fund balance,

we project that this fund will meet its fund balance target at year end.

Capital Improvement

In the first quarter of FY17, three (3) Penny for Pinellas projects were completed and closed returning

$94,636 to the respective fund balances. Two (2) projects in the Bicycle Pedestrian Safety Grant Fund

were completed and closed. These projects came in under budget so the remaining balance is unused

grant authority.

Please feel free to call me at 893-7435 if you have any questions prior to the meeting.

Attachments

cc: Mayor Rick Kriseman

Dr. Kanika Tomalin, Deputy Mayor

Dr. Gary Cornwell, City Administrator

Expenditures

Beginning

Fund Balance

Amended

Budget

Revenue

Estimate

Amended

Budget

Expense

Estimate

Budget

Annual

Change Variance

Year End

Adjustment

Year End

Estimate

Target Fund

Balance

General Fund and Reserves

General Fund Operating 15,723 236,676 237,498 241,519 241,165 (4,843) (3,667) 2,912 14,968 11,799

General Fund BP 5,239 0 0 3,937 3,937 (3,937) (3,937) - 1,302 0

Gen. Fund Bike Share/Ferry Pilot 1,233 0 0 1,233 1,233 (1,233) (1,233) - - 0

Total General Fund 22,195 # 236,676 237,498 246,689 246,335 (10,013) (8,837) 2,912 16,270 11,799

Economic Stability 24,745 932 950 - - 932 950 - 25,695 N/A

Environmental Preservation 72 32 64 - - 32 64 - 136 N/A

Special Assessments 278 69 9 67 67 2 (58) - 220 N/A

Arts in Public Places 784 6 6 54 66 (48) (60) 19 724 N/A

Technology & Infrastructure 5,971 1,620 1,637 1,582 1,196 38 441 - 6,412 N/A

Total General Group of Funds 54,045 239,335 240,164 248,392 247,664 (9,057) (7,500) 2,931 49,457 47,375

Enterprise Funds

Water Resources 17,347 123,593 122,631 126,496 127,200 (2,903) (4,569) 1,725 30,967 30,967

Stormwater Utility 4,994 15,852 15,707 17,192 17,143 (1,340) (1,436) 39 3,597 2,825

Sanitation Operating 7,416 44,337 44,299 44,205 42,965 132 1,334 475 9,225 7,225

Sanitation Equipment Replacement 10,378 919 1,372 6,896 6,896 (5,977) (5,524) 2,224 7,078

Airport 18 1,157 1,208 1,184 1,213 (27) (5) 21 34 N/A

Marina 329 4,023 3,865 4,209 3,726 (186) 139 172 640 335

Golf Course 309 3,692 3,670 3,745 3,726 (53) (56) 11 264 308

Jamestown 121 579 580 650 652 (71) (72) 11 60 53

Port 20 350 350 368 370 (18) (20) 11 11 N/A

Parking 5,205 6,877 7,377 7,295 7,398 (418) (21) - 5,184 N/A

Mahaffey Theater (334) 596 596 596 596 - - - (334) N/A

Pier 9 100 100 100 100 - - - 9 N/A

Coliseum 15 793 807 806 808 (13) (1) 4 18 N/A

Sunken Gardens (98) 1,181 1,275 1,285 1,275 (104) - 95 (3) N/A

Tropicana Field 1 2,339 2,339 2,335 2,335 4 4 - 5 N/A

Special Revenue Funds

Emergency Medical Services 1,645 12,133 12,214 13,988 13,847 (1,855) (1,633) 211 223 N/A

Local Assistance Housing (SHIP) 1,524 2,049 2,049 3,570 3,571 (1,521) (1,522) 60 62 N/A

Building Permits 8,854 4,971 6,200 5,354 5,058 (383) 1,142 74 10,070 N/A

Internal Service Funds

Fleet Management 1,520 15,917 15,917 16,708 16,519 (791) (602) 312 1,230 1,354

Equipment Replacement 10,677 8,746 8,746 11,164 11,164 (2,418) (2,418) 2,112 10,371 19,000

Municipal Office Buildings 2,509 2,957 2,944 4,549 4,516 (1,592) (1,572) 23 960 749

Technology Services 2,147 10,490 10,700 11,267 10,874 (777) (174) 284 2,257 1,757

Supply Management 348 423 464 499 539 (76) (75) 6 279 40

Medical Insurance 14,603 48,507 47,168 48,126 48,817 381 (1,649) 1 12,955 15,471

Life Insurance 90 862 832 797 814 65 18 - 108 133

General Liabilities (Self Ins.) 6,425 3,651 3,704 3,552 3,555 99 149 - 6,574 4,784

Commercial Insurance 6,387 5,028 5,072 5,259 5,292 (231) (220) - 6,167 2,628

Workers Compensation 22,263 11,469 11,644 11,207 11,803 262 (159) 4 22,108 32,765

Billing and Collections 2,789 8,689 9,280 9,443 9,246 (754) 34 7 2,830 1,864

Green: performance better than expected, or variance of less than 2% from expected

Yellow or X: unfavorable variance of 2% to 5% from expected

Red or X: more than 5% unfavorable variance from expected, or if fund balance is negative

QUARTERLY FUND STATUS REPORT OF SELECTED FUNDS

FY 2017: Q1 (Quarter Ending December 31, 2016)

000s OmittedRevenues Fund Balance

FY17 - Quarter 1 CIP Project Closeout Report

FundProject

NumberProject Name Organization Start Date

Completion

Date

Closed

DateBudget Actual Costs

Remaining

BalanceUse of Remaining Funds

Penny Funds

3025 15059 Fire Ladder Truck 11 Repl 1501485 FIRE.Administration 21-Sep-15 16-Dec-16 16-Dec-16 569,000 569,000 -

3027 13720 Central Ave Bridge/Booker Cree 1301341 ENG.Eng & Cap Imp Admin 1-Oct-12 30-Sep-16 23-Dec-16 583,000 488,572 94,428 Returned to fund balance

3029 12578 Branch Library Improvements 10 1302465 ENG.Capital Improvements 1-Oct-09 16-Dec-16 16-Dec-16 200,000 199,792 208 Returned to fund balance

Total: 1,352,000$ 1,257,364$ 94,636$

Other Funds

3004 13639 Bayway Trail North - Phase II 2811797 TP.Transportation & Parking Management 1-Oct-08 16-Dec-16 16-Dec-16 2,245,530 2,134,416 111,114 Grant funded

3004 14463 54th Avenue S / 31st Street 2811797 TP.Transportation & Parking Management 8-Jan-14 30-Jun-16 16-Dec-16 269,700 269,696 4 Grant funded

Total: 2,515,230$ 2,404,112$ 111,118$

October 1, 2016 - December 31, 2016

TopicReturn

Date

Date of

Referral

Referred by Staff

NotesChanges to purchasing requirements

(to include life cycle costs)TBD 1/21/16 City Council Louis Moore

1/12/17 ‐ Drafts in process, Dr.

Cornwell to follow‐up with Mr. Moore

for progress and a date to return.

2017 Management Evaluation 2/23/1710/2016 by

ordinanceCity Council Brad Scott

Brad Scott preparing scope re: Water

Resources. Prebid meeting for RFP held

1/18/17. Mr. Scott to contact Chair

Kennedy reference 2/23 return date.

Updated return date on 1/23/17.

Property Insurance Renewals 3/9/17 Annual Mazzola/Guella

External Audit 3/9/17 Anne Fritz

A request to provide $50,000 of one

time funding from the remaining BP

settlement funds for My Sistah’s

Place, a home for young women

aging out of foster care.

3/23/17

Tentative12/1/16 City Council

Councilmember

Kornell

Councilmember Kornell to contact My

Sistah's Place representatives and

arrange return date, tentative 3/23/17.

Forgotten Firefighters 4/13/17 6/16/16 City Council Chris GuellaCommittee asked that notice be given

to firefighters of date to revisit.

Consideration of a requirement for a

city contractor securing future

contracts of at least $2,000,000 to

provide a minimum wage of at least

$10.00 per hour with a schedule to

raise this over time

TBD 1/5/17 City Council Councilmember Nurse

BUDGET, FINANCE AND TAXATION COMMITTEE

PENDING/CONTINUING REFERRALS

February 9, 2017

Establish a procedure for grants

greater than $100k that would

potentially require ongoing

additional expenditures after the

grant is completed

TBD 9/22/16 City Council Tom Greene

Mr. Greene to work on the items

discussed 1/12/17 and bring back to the

committee recommeded language to

be added to the Grants Manual.

Alternate Funding for Water

Resources Update (TIF)TBD 9/8/16 Anne Fritz

To be discussed at COW on 1/26/17

Airbnb to collect sales tax and tourist

taxes from guests

TBD 5/7/15 City Council M. Dema/Goodwin

1/14/16 referral to PSI for ordinance

review; reffered to COW ‐ scheduled for

9/15/16. Discussed on 1/12/17, legal to

investigate and report back at a future

meeting.

Discussion for use of Tourist

Development Tax, including Arts

Funding ‐ Follow‐up

TBD 8/21/14 City Council Joe Zeoli

Meeting to include David Downing of

the TDC. Gerdes to follow‐up

2018 Management Evaluation 10/12/17 Ordinance Brad Scott2018 Health Insurance Renewal

12/14/17 Annual BF&T Chris Guella

Quarterly Financial Reports Q1 2/9/17

Q2 5/11/17

Q3 8/24/17

Q4 11/19/17

Quarterly City CouncilAnne Fritz

Tom Greene

Quarterly Grant Reports Q1 2/23/17

Q2 5/25/17

Q3 09/14/17

Q4 11/9/17

Quarterly City CouncilShirmatee Ojah‐

Maharaj

BUDGET, FINANCE & TAXATION COMMITTEE WEEKI WACHEE PROJECT LIST

February 9, 2017

TOPIC

DATE REFERRED

REFERRED BY

RETURN DATE

STAFF RESPONSIBLE

SPECIAL NOTES

Childs Park Lake Project 12.13.12 Newton 2/9/17 McBee/Jefferis

Youth Sports Field at Thurgood Marshall Middle School

10/6/16 CM Wheeler-Bowman

TBD McBee/Jefferis

Meadowlawn Community Garden Project

1.22.15 Rice TBD 6.4.15 referred to COW re: funding $25K for due diligence/feasibility study- 10.15.15 COW. 11.12.15 Council approved $25k funding from WWF 3/16/17 COW

Maximo Park Project 05.12.11 Kornell TBD McBee/Jefferis Referred to COW on 7/14/16 Scheduled COW on 7/28/16 $150,000 allocated by council on 8/4/16

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