2016 budget info

Boys & Girls Clubs of Tampa Bay, Inc.

Forecast for 2015 using Actual to Date plus Remaining Budget

Actual as of October 31, 2015

Actual Budget Forecast

1/1/2015 1/1/2015 Variance 11/1/2015 Revised 3

To to Favorable To 2015 2016 2015 2014

10/31/2015 10/31/2015 (Unfavorable) 12/31/2015 Forecast Budget Budget Actual

Public Support and Revenue

Public Support

United Way & Combined Campaigns

United Way Partnership Agreements 689,450 689,160 290 137,840 827,290 830,000 827,000 827,340

United Way Designations 11,494 15,000 (3,506) 5,000 16,494 20,000 20,000 24,654

Total United Way 700,944 704,160 (3,216) 142,840 843,784 850,000 847,000 851,994

Contributions

General Contributions 856,776 793,000 63,776 162,000 1,018,776 1,220,000 955,000 923,924 R. OAKLEY EVENT

Great Futures Breakfast 111,004 130,000 (18,996) 190,000 301,004 300,000 300,000 297,708

Other Gifts 558,922 548,370 10,552 109,630 668,552 655,000 658,000 698,063

Total Contributions 1,526,702 1,471,370 55,332 461,630 1,988,332 2,175,000 1,913,000 1,919,695

Funds Released from Restriction

Restrictions Released by Payment 138,017 261,000 (122,983) 43,000 202,017 295,000 325,000 340,596

Total Funds Released from Restriction 138,017 261,000 (122,983) 43,000 202,017 295,000 325,000 340,596

Fees & Grants

Boys & Girls Clubs of America 110,199 17,500 92,699 12,500 122,699 100,000 30,000 38,819

Children's Board 110,708 40,000 70,708 8,000 118,708 94,000 48,000 51,649

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21st Century 321,991 262,500 59,491 40,000 361,991 350,000 262,500 388,845

Community Development Block Grants 20,000 15,000 5,000 5,000 25,000 25,000 20,000 15,345

Office of Justice Programs 55,964 37,500 18,464 12,500 68,464 80,000 50,000 57,976

CSBG Federal Grants 75,156 62,000 13,156 0 75,156 0 62,000 55,700

State of Florida Daycare 112,094 125,000 (12,906) 20,000 132,094 100,000 150,000 138,759

State of Florida After School Snack Program 80,902 78,000 2,902 22,000 102,902 125,000 100,000 85,753 CONTRACT IS $193,200 + 23,750

State of Florida Supper Program 24,000 24,000 50,000 74,000 300,000 CONTRACT IS $307,000

Florida Department of Education 187,487 225,000 (37,513) 40,000 227,487 175,000 300,000 324,148

Florida DJJ Prodigy - Brandon 121,596 75,000 46,596 20,000 141,596 158,500 90,000 68,517

Florida DJJ Prodigy - Lacoochee 243,190 125,000 118,190 30,000 273,190 200,000 150,000 35,307

Florida DJJ SMART Grant 117,807 146,000 (28,193) 25,000 142,807 96,500 175,000 156,852

Florida DJJ GPTTO Grant 99,862 125,000 (25,138) 20,000 119,862 82,500 150,000 144,319

EDC Teen Summer Jobs 39,675 50,000 (10,325) 0 39,675 40,000 50,000 45,000

Tampa Housing Authority 48,536 21,000 27,536 8,000 56,536 40,000 25,000 35,434

Hillsborough County 55,569 53,300 2,269 10,700 66,269 64,000 64,000 55,941

Community Foundation Grants 50,000 0 50,000 0 50,000 0 0 50,000

United Way Grants 81,740 79,100 2,640 900 82,640 82,500 80,000 82,565

Other Private Grants 468,650 350,000 118,650 0 468,650 500,000 350,000 387,750

Total Fees & Grants 2,425,126 1,886,900 538,226 324,600 2,749,726 2,613,000 2,156,500 2,218,678

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Total Public Support 4,790,789 4,323,430 467,359 972,070 5,783,859 5,933,000 5,241,500 5,330,963

Revenue

Program Service Revenue

Membership Dues 201,492 202,000 (508) 23,000 224,492 225,000 225,000 227,665

Program Incidental Revenue 8,843 7,500 1,343 0 8,843 10,000 7,500 8,353

Florida Alliance YOY Support 10,000

Registration Fees 4,170 18,500 (14,330) 0 4,170 4,000 18,500 18,581

Gate Ticket Sales 4,945 12,000 (7,055) 1,000 5,945 8,000 13,000 10,509

Concession Sales 6,324 11,000 (4,676) 2,000 8,324 8,000 13,000 11,339

Other Sales 7,302 2,500 4,802 0 7,302 7,500 2,500 15,240

Total Program Service Revenue 233,076 253,500 (20,424) 26,000 259,076 272,500 279,500 291,687

Investment Revenue

Interest Income 8,250 5,000 3,250 1,000 9,250 8,000 6,000 1,832

Total Investment Revenue 8,250 5,000 3,250 1,000 9,250 8,000 6,000 1,832

Other Revenue

Rental Income 5,175 19,500 (14,325) 4,500 9,675 20,000 24,000 17,007 RV GYM RENTAL

Miscellaneous Revenue 1,216 900 316 100 1,316 1,000 1,000 1,918 $10,000 FOR YOY

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Total Other Revenue 6,391 20,400 (14,009) 4,600 10,991 21,000 25,000 18,925

Total Revenue 247,717 278,900 (31,183) 31,600 279,317 301,500 310,500 312,444

Special Events

Special Event Revenue

Special Event Revenue 782,458 729,000 53,458 27,500 809,958 886,000 756,500 791,697

Special Event In Kind Revenue 3,020 2,500 520 0 3,020 2,500 2,620

Special Event Revenue Restricted 0 0 0 0 0 0 (56,479)

Total Special Event Revenues 785,478 731,500 53,978 27,500 812,978 886,000 759,000 737,838

Special Event Expenses

Food & Beverages Expense (56,757) (56,250) (507) (1,500) (58,257) (57,750) (55,595)

Entertainment Expense (1,324) (1,000) (324) 0 (1,324) (1,000) (200)

Awards & Gifts Expense (10,180) (9,750) (430) (500) (10,680) (10,250) (14,440)

Postage Expense (1,305) (2,250) 945 0 (1,305) (2,250) (1,756)

Printing Expense (1,491) (3,000) 1,509 0 (1,491) (3,000) (2,322)

Contract Services Expense (1,775) (250) (1,525) 0 (1,775) (250) (14,500)

Auction Items Expense (52,515) (10,000) (42,515) 0 (52,515) (10,000) (8,142)

Facility Rental Expense (9,813) (7,000) (2,813) (3,500) (13,313) (10,500) (10,532)

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Equipment Rental Expense (11,209) (10,000) (1,209) 0 (11,209) (10,000) (9,003)

Advertising Expense (1,300) (500) (800) 0 (1,300) (500) (325)

Other Supply Expense (2,549) (1,750) (799) 0 (2,549) (1,750) (2,880)

Miscellaneous Expense 0 (750) 750 0 0 (750) (658)

Special Event Net Revenue Shared (45,325) (45,000) (325) 0 (45,325) (45,000) (45,930)

Special Event Expenses Restricted 0 0 0 0 0 0 25,491

Total Special Event Expenses (195,543) (147,500) (48,043) (5,500) (201,043) (211,000) (153,000) (140,792)

Net Special Events 589,934 584,000 5,934 22,000 611,934 675,000 606,000 597,046 $25,000 RV EVENT

Total Public Support and Revenue 5,628,440 5,186,330 442,110 1,025,670 6,675,110 6,909,500 6,158,000 6,240,453

Expenses

Personnel Costs

Compensation

Salary & Wages 2,906,346 2,545,000 (361,346) 472,000 3,378,346 3,467,000 2,932,000 2,898,264

Bonuses 5,350 0 (5,350) 44,000 49,350 45,000 44,000 48,938

Temporary Staffing Services 2,732 0 (2,732) 5,000 7,732 5,000 0 3,329

Total Compensation 2,914,428 2,545,000 (369,428) 521,000 3,435,428 3,517,000 2,976,000 2,950,531

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Employee Benefits

Group Insurance 151,022 141,500 (9,522) 28,500 179,522 188,000 170,000 168,749

Pension Plan 84,880 75,000 (9,880) 15,000 99,880 100,000 90,000 81,713

Worker's Compensation Insurance 49,065 49,103 39 14,000 63,065 71,000 59,000 47,980

Total Employee Benefits 284,966 265,603 (19,363) 57,500 342,466 359,000 319,000 298,442

Payroll Taxes

Payroll Taxes - FICA 219,014

Social Security 173,314 197,800 24,486 39,500 212,814 269,000 228,000 470

Medicare 41,086 0 (41,086) 0 41,086 0 0 238

State Reemployment Tax 2,477 9,000 6,523 3,000 5,477 5,000 12,000 5,561

Total Payroll Taxes 216,877 206,800 (10,077) 42,500 259,377 274,000 240,000 225,283

Other Employee Costs

Screening Fees 30,516 22,000 (8,516) 3,000 33,516 35,000 25,000 23,884

Recruiting & Relocation Expenses 0 2,500 2,500 0 0 0 2,500 0

Total Other Employee Costs 30,516 24,500 (6,016) 3,000 33,516 35,000 27,500 23,884

Total Personnel Costs 3,446,787 3,041,903 (404,884) 624,000 4,070,787 4,185,000 3,562,500 3,498,139

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Operating Costs

Professional Fees

Payroll Service Fees 30,471 21,000 (9,471) 4,000 34,471 36,000 25,000 32,235

Insurance Consultants 16,330 15,000 (1,330) 3,000 19,330 18,000 18,000 21,670

Audit Fees 19,750 18,000 (1,750) 0 19,750 20,000 18,000 18,300

Computer Consultants 1,093 6,250 5,158 300 1,393 1,500 7,500 900 BAYSHORE SOLUTIONS

Legal Fees 10,934 16,650 5,716 3,350 14,284 15,000 20,000 18,984

Other Professional Fees 26,253 25,000 (1,253) 0 26,253 27,000 25,000 23,879

Total Professional Fees 104,830 101,900 (2,930) 10,650 115,480 117,500 113,500 115,968

Contract Services

Other Contract Services 66,499 61,300 (5,199) 9,120 75,619 35,000 75,000 107,797

Seniors in Service 6,192 10,000 3,808 2,000 8,192 6,000 12,000 12,384

Summer Jobs Stipends 32,875 50,000 17,125 0 32,875 35,000 50,000 47,400

Total Contract Services 105,566 121,300 15,734 11,120 116,686 76,000 137,000 167,581

Supplies

Program Supplies - General 50,055 6,650 56,705 36,000 60,000 60,572

Program Supplies - Prodigy 43,010 2,500 45,510 21,500 25,552

Program Supplies - 21st CCLC 27,442 10,000 37,442 87,000 2,432

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Total Program Supplies 120,507 50,850 (69,657) 19,150 139,657 144,500 60,000 60,572

Copier & Printer Supplies 2,090 750 (1,340) 250 2,340 1,000 1,000 2,050

Cleaning Supplies 35,759 24,942 (10,817) 5,058 40,817 35,000 30,000 45,162

Office Supplies 12,456 11,200 (1,256) 2,800 15,256 15,000 14,000 13,992

Other Club Supplies 2,973 2,250 (723) 750 3,723 4,000 3,000 3,291

FF&E Expenses 41,874 15,000 (26,874) 5,000 46,874 20,000 20,000 33,557

Uniform Expense 10,613 12,500 1,887 2,500 13,113 10,000 15,000 15,834

Awards & Gifts 10,714 11,700 987 2,300 13,014 10,000 14,000 14,900

Total Supplies 236,985 129,192 (107,793) 37,808 274,793 239,500 157,000 189,357

Food and Beverages

Food and Beverages - Snack 104,910 87,300 (17,610) 17,700 122,610 119,000 105,000 103,384

Food and Beverages - Supper 74,821 30,000 (44,821) 53,500 128,321 285,000 36,000 36,299

Food and Beverages - Football & Other 8,741 (8,741) 0 8,741 5,000 20,409

Total Food and Beverages 188,472 117,300 (71,172) 71,200 259,672 409,000 141,000 160,092

Total Supplies 425,457 246,492 (178,965) 109,008 534,465 648,500 298,000 349,449

Information Technolgy

Computer Hardware 22,341 27,050 4,709 2,950 25,291 20,000 30,000 26,102

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Computer Software 5,590 6,950 1,360 50 5,640 6,000 7,000 6,179 BEYOND 9'S

Software Maintenance 15,368 15,000 (368) 2,500 17,868 18,000 17,500 16,983 BB / MTS

Telecommunications 54,868 45,890 (8,978) 9,110 63,978 65,000 55,000 61,794

Total Information Technolgy 98,167 94,890 (3,277) 14,610 112,777 109,000 109,500 111,057

Occupancy Expense

Rent Expense 9,329 6,250 (3,079) 1,250 10,579 9,000 7,500 35,372

Rent Expense - In Kind 536,700 536,700 0 107,300 644,000 645,000 644,000 638,920

Utilities 159,346 149,750 (9,596) 30,250 189,596 195,000 180,000 173,267

Property & Liability Insurance 139,990 140,460 470 28,540 168,530 171,250 169,000 152,551

Building Repair & Maintenance 60,635 58,150 (2,485) 10,850 71,485 48,000 69,000 63,699

Cleaning Services 140,449 133,350 (7,099) 26,650 167,099 168,000 160,000 164,238

Lawn Care Services 37,633 21,550 (16,083) 4,450 42,083 32,000 26,000 33,955

Pest Control Services 6,875 7,480 605 1,520 8,395 9,000 9,000 7,805

Security & Fire Alarm Systems 24,010 25,500 1,490 6,500 30,510 32,000 32,000 31,718

Inspections & Licenses 7,053 7,575 522 925 7,978 8,500 8,500 7,135

Property Taxes 0 300 300 700 700 750 1,000 992

Total Occupancy Expense 1,122,020 1,087,065 (34,955) 218,935 1,340,955 1,318,500 1,306,000 1,309,652

Equipment Expense

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Equipment Leases 17,062 17,500 438 3,000 20,062 22,000 20,500 19,065

Equipment Maintenance 42,885 34,475 (8,410) 7,025 49,910 53,000 41,500 40,239

Total Equipment Expense 59,946 51,975 (7,971) 10,025 69,971 75,000 62,000 59,304

Printing & Postage

Printing & Advertising 6,302 15,000 8,698 3,000 9,302 10,000 18,000 24,558

Subscriptions & Publications 590 750 160 250 840 1,000 1,000 545

Postage 3,367 3,340 (27) 660 4,027 5,000 4,000 3,897

Shipping & Handling 623 1,125 502 375 998 1,000 1,500 1,089

Total Printing & Postage 10,882 20,215 9,333 4,285 15,167 17,000 24,500 30,089

Transportation Expense

Gas & Oil 16,601 26,925 10,324 8,075 24,676 25,000 35,000 32,088

Repairs & Maintenance 39,910 37,875 (2,035) 7,625 47,535 40,000 45,500 39,392

Insurance 35,774 36,300 526 7,200 42,974 43,000 43,500 44,646

Tags, Licenses & Permits 943 1,400 457 100 1,043 1,000 1,500 1,294

Mileage, Parking & Tolls 49,395 33,275 (16,120) 6,725 56,120 45,000 40,000 38,597

Leased Vehicle Expense 3,536 3,750 214 750 4,286 0 4,500 4,095

Total Transportation Expense 146,159 139,525 (6,634) 30,475 176,634 154,000 170,000 160,112

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Training, Travel & Meetings

Conferences 5,418 6,000 582 0 5,418 4,500 6,000 5,965

Training 19,556 19,200 (356) 1,800 21,356 17,500 21,000 15,983

Travel 19,144 19,000 (144) 0 19,144 15,000 19,000 11,598

Tuition Reimbursement 2,000 1,875 (125) 625 2,625 2,500 2,500 0

Meeting Expense 28,176 26,650 (1,526) 5,350 33,526 34,000 32,000 32,691

Total Staff Training 74,294 72,725 (1,569) 7,775 82,069 73,500 80,500 66,238

Program Services

Youth Activities 111,328 72,650 (38,678) 17,350 128,678 102,000 90,000 89,941

Youth Conference Registration Fees 5,780 8,000 2,220 0 5,780 3,500 8,000 7,965

Youth Travel 8,479 17,500 9,021 0 8,479 5,500 17,500 20,709

Youth Training 3,378 3,000 (378) 0 3,378 3,000 3,000 90

Youth Clothing 12,075 29,000 16,925 1,000 13,075 13,000 30,000 40,516

Youth Scholarships 45,243 38,000 (7,243) 2,000 47,243 50,000 40,000 35,182

Youth Assistance 29,859 2,500 (27,359) 7,500 37,359 35,000 10,000 28,819

Accident Insurance for Members 3,357 5,340 1,983 660 4,017 4,000 6,000 6,181

Football Program 29,614 0 (29,614) 0 29,614 29,500 0 0

Total Program Services 249,112 175,990 (73,122) 28,510 277,622 245,500 204,500 229,403

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Other Expenses

BGCA National Dues 17,494 18,000 506 0 17,494 18,000 18,000 17,494

BGC Florida Alliance Dues 20,161 19,000 (1,161) 0 20,161 20,000 19,000 18,768

Florida Area Council Dues 600 0 (600) 0 600 500 0 0

Organizational Membership Dues 8,030 7,000 (1,030) 0 8,030 8,000 7,000 6,938

Sponsorship of Outside Organizations 25,765 6,000 (19,765) 0 25,765 10,000 6,000 5,450

In Kind Expenses 0 3,600 3,600 1,400 1,400 0 5,000 3,275

Financing Expenes 21,520 21,200 (320) 3,800 25,320 27,500 25,000 24,645

Bad Debt Expense 0 0 0 10,000 10,000 20,000 10,000 75,000

Life Insurance Premiums 1,566 1,500 (66) 0 1,566 1,500 1,500 1,566

Miscellaneous Expense (310) 0 310 0 (310) 0 0 269

Total Other Expenses 94,827 76,300 (18,527) 15,200 110,027 105,500 91,500 153,405

Total Operating Costs 2,491,260 2,188,377 (302,883) 460,593 2,951,853 2,940,000 2,597,000 2,752,258

Total Expenses 5,938,047 5,230,280 (707,767) 1,084,593 7,022,640 7,125,000 6,159,500 6,250,397

NET SURPLUS/(DEFICIT) (309,607) (43,950) (265,657) (58,923) (347,530) (215,500) (1,500) (9,944)

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BOYS & GIRLS CLUBS OF TAMPA BAY FOUNDATION, INC.

MANAGED INVESTMENT PORTFOLIO SUMMARY

COMPARATIVE Portfolio Portfolio Portfolio Portfolio

Allocation Market % of Market % of Market % of Market % of

Range Value Portfolio Value Portfolio Value Portfolio Value Portfolio

EQUITY FUNDS

KEELEY FUNDS

Keeley Small Cap Value Fund 0.0% 409,326 9.7% 621,400 15.3% 461,574 13.6%

Total Keeley Funds 0 0.0% 409,326 9.7% 621,400 15.3% 461,574 13.6%

CHARLES SCHWAB

Cash 36 21 21 21

Delaware - Small Cap Value 5% - 15% 355,125 9.1% 0.0% 0.0% 0.0%

Growth Fund of America - Large Cap Growth 10% - 30% 868,736 22.2% 887,060 21.1% 697,335 17.2% 519,787 15.3%

Loomis Sayles Value Fund - Large Cap Value 10% - 30% 780,743 20.0% 858,231 20.4% 904,603 22.3% 669,007 19.7%

Harding Loevner - International 5% - 30% 446,834 11.4% 0 0.0% 0 0.0% 0 0.0%

Manning & Napier World Opportunity Fund -

International 0.0% 607,137 14.4% 672,873 16.6% 566,427 16.7%

Total Charles Schwab Funds 2,451,474 62.8% 2,352,449 55.9% 2,274,831 56.0% 1,755,242 51.6%

TOTAL EQUITY FUNDS 30% - 80% 2,451,474 62.8% 2,761,775 65.6% 2,896,231 71.3% 2,216,816 65.2%

FIXED INCOME FUNDS

SANFORD C. BERNSTEIN & CO., LLC

Short Duration Plus 5% - 25% 722,825 18.5% 721,243 17.1% 574,858 14.2% 577,568 17.0%

Intermediate Duration 15% - 35% 730,847 18.7% 724,089 17.2% 590,065 14.5% 604,290 17.8%

Total Sanford C. Bernstein & Co., LLC 1,453,672 37.2% 1,445,332 34.4% 1,164,923 28.7% 1,181,858 34.8%

TOTAL FIXED INCOME FUNDS 20% - 60% 1,453,672 37.2% 1,445,332 34.4% 1,164,923 28.7% 1,181,858 34.8%

TOTAL INVESTMENTS 3,905,146 100.0% 4,207,107 100.0% 4,061,154 100.0% 3,398,674 100.0%

Q3 Trailing Trailing Inception

2015 1 Yr 3 Yr 12/31/08

INVESTMENT RETURNS -6.27% -3.26% 6.53% 8.56%

POLICY BENCHMARK -4.95% -0.37% 7.76% 10.19%

OVER (UNDER) POLICY -1.32% -2.89% -1.23% -1.63%

09/30/15 12/31/14 12/31/13 12/31/12

BOYS & GIRLS CLUBS OF TAMPA BAY FOUNDATION, INC. 06/30/15 12/31/14 12/31/13 12/31/12

COMMUNITY FOUNDATION OF TAMPA BAY FUNDS Portfolio Portfolio Portfolio Portfolio

COMPARATIVE Market Market Market Market

SYMBOL Value Value Value Value

Agency Funds:

Boys & Girls Club of Tampa Bay Foundation, Inc. Agency 805,890 822,013 875,327 806,133

The Bill Carey Brandon Boys & Girls Club Agency 648,308 661,279 704,340 648,663

Gary Nix Boys & Girls Club Agency 104,884 105,905 110,455 99,746

Riverview Boys & Girls Club Agency 50,974 51,470 53,682 48,477

Bob Blanchard Lacoochee Boys & Girls Club 221,141 200,127 195,916 139,015

TOTAL AGENCY FUNDS 1,831,197$ 1,840,794$ 1,939,719$ 1,742,035$


2015 1 Yr 3 Yr 12/31/09

INVESTMENT RETURNS -0.22% -2.30% 8.73% 7.26%

POLICY BENCHMARK -0.03% 3.61% 11.26% 11.47%

OVER (UNDER) POLICY -0.19% -5.91% -2.53% -4.21%

BOYS & GIRLS CLUBS OF TAMPA BAY, INC.

ENDOWMENT FUND AT BANK OF TAMPA Portfolio Portfolio Portfolio

COMPARATIVE Allocation Market % of Market % of Market % of

Range Value Portfolio Value Portfolio Value Portfolio

CASH & EQUIVALENTS

Money Markets 21,297 3.5% 27,435 4.2% 663,908 100.0%

Total Cash & Equivalents 0% - 20% 21,297 3.5% 27,435 4.2% 663,908 100.0%

FIXED INCOME

Vanguard Short-Term Bond ETF 5% - 25% 31,352 5.2% 31,274 4.8% 0.0%

Vanguard Total Bond Market ETF 15% - 35% 185,162 30.6% 183,648 28.4% 0.0%

Total Fixed Income 20% - 60% 216,514 35.7% 214,922 33.2% 0 0.0%

EQUITY

Vanguard Russell 1000 Growth ETF 10% - 30% 116,877 19.3% 123,982 19.2% 0.0%

Vanguard Russell 1000 Value ETF 10% - 30% 112,704 18.6% 123,800 19.2% 0.0%

Vanguard Mid-Cap ETF 5% - 15% 28,001 4.6% 30,583 4.7% 0.0%

Vanguard Russell 2000 ETF 27,594 4.6% 31,560 4.9% 0.0%

Vanguard Total International Stock ETF 5% - 30% 82,878 13.7% 94,117 14.6% 0.0%

Total Equity 30% - 80% 368,054 60.7% 404,042 62.5% 0 0.0%

605,865 100.0% 646,398 100.0% 663,908 100.0%


2015 1 Yr 3 Yr 2/28/15

INVESTMENT RETURNS -4.97% -6.35%

POLICY BENCHMARK -4.95% -5.38%

OVER (UNDER) POLICY -0.02% -0.97%

09/30/15 06/30/15 03/31/15

BOYS & GIRLS CLUBS OF TAMPA BAY, INC.

ENDOWMENT FUND AT NORTHERN TRUST Portfolio Portfolio Portfolio Portfolio

COMPARATIVE Allocation Market % of Market % of Market % of Market % of

Range Value Portfolio Value Portfolio Value Portfolio Value Portfolio

EQUITY SECURITIES

Large Cap 10% - 30% 0.0% 161,001 23.9% 127,656 18.4% 148,954 22.4%

Mid Cap 5% - 15% 0.0% 23,205 3.4% 22,252 3.2% 16,108 2.4%

Small Cap 0.0% 13,696 2.0% 13,621 2.0% 16,617 2.5%

International Developed 5% - 30% 0.0% 75,317 11.2% 134,002 19.3% 66,951 10.1%

International Emerging 0.0% 25,929 3.8% 59,237 8.5% 61,463 9.2%

Total Equity Securities 20% - 80% 0 0.0% 299,148 44.4% 356,767 51.4% 310,093 46.6%

FIXED INCOME SECURITIES

Corporate / Government 0.0% 254,530 37.8% 219,342 31.6% 237,681 35.7%

Other Bonds 0.0% 25,184 3.7% 26,714 3.8% 12,668 1.9%

Total Fixed Income Securities 20% - 60% 0 0.0% 279,714 41.5% 246,056 35.5% 250,349 37.7%

REAL ESTATE

Real Estate Funds 0.0% 24,454 3.6% 26,306 3.8% 35,022 5.3%

Total Real Estate 0 0.0% 24,454 3.6% 26,306 3.8% 35,022 5.3%

COMMODITIES

Commodities 0.0% 24,898 3.7% 34,235 4.9% 51,155 7.7%

Total Commodities 0 0.0% 24,898 3.7% 34,235 4.9% 51,155 7.7%

CASH & SHORT TERM INVESTMENTS

Cash Short Term Investments 2,500 100.0% 45,298 6.7% 30,584 4.4% 18,272 2.7%

Total Cash and Short Term Investments 0% - 20% 2,500 100.0% 45,298 6.7% 30,584 4.4% 18,272 2.7%

2,500 100.0% 673,510 100.0% 693,948 100.0% 664,891 100.0%


2015 1 Yr 3 Yr 12/31/08

INVESTMENT RETURNS

POLICY BENCHMARK

OVER (UNDER) POLICY 0.00% 0.00% 0.00% 0.00%

09/30/15 12/31/14 12/31/13 12/31/12

2016 budget info

Documents