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12 - September 2017TOTAL VALUE OF YOUR ACCOUNTS (as of 9/30/17)$16,221,042.33 Includes Accrued Interest CLIENT STATEMENT For the Period September 1-30, 2017 660 - 110000 - 095 -1 - 0 STATEMENT PACKAGE FOR: CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Morgan Stanley Smith Barney LLC. Member SIPC. Access Your Account s Online: www.morganstanley.com/online Your Financial Advisor Team BAGWELL/BRIDGES/TAYLOR 407-849-4700 Your Branch 201 E. PINE ST 11TH FL ORLANDO, FL 32801 Telephone:407-849-4700 ; Alt. Phone:800-869-0007 ; Fax:407-849-4797 Client Service Center (24 Hours a Day; 7 Days a Week): 800-869-3326 00 0 4 8 9 2 0 4 A B 0 . 4 0 0 3 5 T R 0 0 0 2 9 M S A D D 2 4 1 1 0 0 0 0 0 #B W N J G W M CI T Y O F A T L A N T I C B E A C H C/ O R U S S E L L C A F F E Y 80 0 S E M I N O L E R O A D AT L A N T I C B C H F L 3 2 2 3 3 - 5 4 4 4 00 4 8 9 2 M S A D D 2 4 1 Standard Disclosures CLIENT STATEMENT For the Period September 1-30, 2017 Page 2 of 26 The following Disclosures are applicable to the enclosed statement(s). Expanded Disclosures are attached to your most recent June and December statement (or your first Statement if you have not received a statement for those months). The Expanded Disclosures are also available by selecting Account Documents when you log on to www.morganstanley.com/online or, call 800-869-3326. Questions? Questions regarding your account may be directed to us by using the contact information on the statement cover page, or the Client Service Center at (800) 869-3326. Errors and Inquiries Be sure to review your statement promptly, and immediately address any concerns regarding entries that you do not understand or believe were made in error by contacting the Branch Manager of the office where you maintain your account. Oral communications regarding any inaccuracy or discrepancy in this statement should be re-confirmed in writing to further protect your rights, including rights under the Securities Investor Protection Act (SIPA). Your statement will be deemed correct unless we receive a written inquiry of a suspected error. See your account documentation for special rules regarding your rights and responsibilities with respect to erroneous electronic fund transfers, including a description of the transfers covered. For concerns or complaints, contact our Client Relations Department at (866) 227-2256. Senior Investor Helpline For concerns or complaints, Senior Investors may contact our Firm by calling (800) 280-4534. Availability of Free Credit Balances and Financial Statements Under the customer protection rules of the SEC [17 CFR §240.15c3-3], we may use funds comprising free credit balances carried for customer accounts here, provided that these funds are payable to customers on demand (i.e., are free of a lien or right of set-off in our favor or on behalf of some third party to whom you have given control). A financial statement of this organization is available for your personal inspection at its offices, or a copy will be mailed to you upon your written request. Listed Options Information with respect to commissions and other charges related to the execution of options transactions has been included in confirmations of such transactions previously furnished to you and such information will be made available to you promptly at your request. Promptly advise us of any material change in your investment objectives or financial situation. Important Information if you are a Margin Customer (not available for certain retirement accounts) If you have margin privileges, you may borrow money from us in exchange for pledging assets in your accounts as collateral for any outstanding margin loan. The amount you may borrow is based on the value of the eligible securities in your margin accounts. If a security has eligible shares, the number of shares pledged as collateral will be indicated below the position. Margin Interest Charges We calculate interest charges on margin loans as follows: (1) multiply the applicable margin interest rate by the daily close of business net settled debit balance, and (2) divide by 360 (days). Margin interest accrues daily throughout the month and is added to your debit balance at month-end. The month-end interest charge is the sum of the daily accrued interest calculations for the month. We add the accrued interest to your debit balance and start a new calculation each time the applicable interest rate changes and at the close of every statement month. For interest rate information, log into your Morgan Stanley account at morganstanley.com/online. Select your account with a Margin agreement and click Interest Rates for more information. Information regarding Special Memorandum Account If you have a Margin Account, this is a combined statement of your Margin Account and Special Memorandum Account maintained for you under Section 220.5 of Regulation T issued by the Board of Governors of the Federal Reserve System. The permanent record of the Special Memorandum Account as required by Regulation T is available for your inspection at your request. Important Information About Auction Rate Securities For certain Auction Rate Securities there is no or limited liquidity. Therefore, the price(s) for these Auction Rate Securities are indicated by N/A (not available). There can be no assurance that a successful auction will occur or that a secondary market exists or will develop for a particular security. Structured Investments Risks and Considerations Structured Investments (Structured Products) are complex products and may be subject to special risks. Investors should consider the concentration risk of owning the related security and their total exposure to any underlying asset. Structured Investments, which may appear in various statement product categories and are identified on the Position Description Details line as “Asset Class: Struct Inv,” may not perform in a manner consistent with the statement product category where they appear and therefore may not satisfy portfolio asset allocation needs for that category. For information on the risks and conflicts of interest related to Structured Investments generally, log in to Morgan Stanley Online and go to www.morganstanley.com/structuredproductsrisksandconflicts. Security Measures This statement features several embedded security elements to safeguard its authenticity. One is a unique security mark-a blue rectangle printed in heat-sensitive ink on the back of every page. When exposed to warmth, the blue rectangle will disappear, and then reappear. SIPC Protection We are a member of Securities Investor Protection Corporation (SIPC), which protects securities of its customers up to $500,000 (including $250,000 for claims for cash). An explanatory brochure is available upon request or at www.sipc.org. Losses due to market fluctuation are not protected by SIPC and assets not held with us may not be covered by SIPC protection. To obtain information about SIPC, including an explanatory SIPC brochure, contact SIPC at 1-202-371-8300 or visit www.sipc.org. Transaction Dates and Conditions Upon written request, we will furnish the date and time of a transaction and the name of the other party to a transaction. We and/or our affiliates may accept benefits that constitute payment for order flow. Details regarding these benefits and the source and amount of any other remuneration received or to be received by us in connection with any transaction will be furnished upon written request. Equity Research Ratings Definitions and Global Investment Manager Analysis Status Some equity securities may have research ratings from Morgan Stanley & Co. LLC or Morningstar, Inc. Research ratings are the research providers’ opinions and not representations or guarantees of performance. For more information about each research provider's rating system, see the Research Ratings on your most recent June or December statement (or your first statement if you have not received a statement for those months), go to www.morganstanley.com/online or refer to the research provider’s research report. Research reports contain more complete information concerning the analyst's views and you should read the entire research report and not infer its contents from the rating alone. If your account contains an advisory component or is an advisory account, a GIMA status will apply. Credit Ratings from Moody's Investors Service and Standard & Poor's The credit rating from Moody's Investors Service and Standard & Poor's may be shown for certain securities. All credit ratings represent the opinions of the provider and are not representations or guarantees of performance. Please contact us if you need further information or assistance in interpreting these credit ratings. Revised 09/2017 CONSOLIDATED SUMMARY PERSONAL ACCOUNTS RETIREMENT ACCOUNTS EDUCATION ACCOUNTS TRUST ACCOUNTS BUSINESS ACCOUNTS Consulting and Evaluation Services Active Assets Account 660-110000-095 CHANGE IN VALUE OF YOUR ACCOUNTS (includes accrued interest) This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) TOTAL BEGINNING VALUE $16,254,301.67 $16,100,433.59 Credits —1,860.65 Debits —(25,228.51) Security Transfers —— Net Credits/Debits/Transfers —$(23,367.86) Change in Value (33,259.34)143,976.60 TOTAL ENDING VALUE $16,221,042.33 $16,221,042.33 Net Credits / Debits include investment advisory fees as applicable. See Activity section for details. MARKET VALUE OVER TIME The below chart displays the most recent thirteen months of Market Value. CLIENT STATEMENT For the Period September 1-30, 2017 Account Summary CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY This asset allocation represents holdings on a trade date basis, and projected settled Cash/ BDP and MMF balances. These classifications do not constitute a recommendation and may differ from the classification of instruments for regulatory or tax purposes. SEP OCT NOV DEC JAN FEB MAR APR MAY JUN JUL AUG SEP 13 14 15 16 17 18 ($ ) M i l l i o n s This chart does not reflect corrections to Market Value made subsequent to the dates depicted. It may exclude transactions in Annuities or positions where we are not the custodian, which could delay the reporting of Market Value. 2016 2017 Page 3 of 26 ASSET ALLOCATION (includes accrued interest) Cash Fixed Income & Preferreds Market Value Percentage Cash $82,734.00 0.51 Fixed Income & Preferreds 16,138,308.33 99.49 TOTAL VALUE $16,221,042.33 100.00% FDIC rules apply and Bank Deposits are eligible for FDIC insurance but are not covered by SIPC. Cash and securities (including MMFs) are eligible for SIPC coverage. See Expanded Disclosures. Values may include assets externally held, which are provided to you as a courtesy, and may not be covered by SIPC. For additional information, refer to the corresponding section of this statement. 00 4 8 9 2 M S A D D 2 4 1 Account Summary CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 4 of 26 BALANCE SHEET (^ includes accrued interest) Last Period (as of 8/31/17) This Period (as of 9/30/17) Cash, BDP, MMFs $48,564.66 $142,465.99 Corporate Fixed Income^4,937,518.57 4,928,187.72 Government Securities^11,268,218.44 11,210,120.61 Net Unsettled Purchases/Sales —(59,731.99) Total Assets $16,254,301.67 $16,221,042.33 Total Liabilities (outstanding balance)—— TOTAL VALUE $16,254,301.67 $16,221,042.33 CASH FLOW This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) OPENING CASH, BDP, MMFs $48,564.66 $4,239,844.93 Purchases (866,708.99)(25,286,324.91) Dividend Reinvestments —(22,669.13) Sales and Redemptions 880,731.19 20,957,192.31 Net Unsettled Purch/Sales 59,731.99 59,731.99 Return of Principal 5,468.89 25,750.26 Income and Distributions 14,678.25 192,308.40 Total Investment Related Activity $93,901.33 $(4,074,011.08) Electronic Transfers-Credits —21.64 Electronic Transfers-Debits —(5,397.39) Other Credits —1,839.01 Other Debits —(19,831.12) Total Cash Related Activity —$(23,367.86) Total Card/Check Activity —— CLOSING CASH, BDP, MMFs $142,465.99 $142,465.99 Account Summary CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 5 of 26 INCOME AND DISTRIBUTION SUMMARY This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Other Dividends —$22,463.64 Interest 14,458.96 151,443.45 Other Income and Distributions 219.29 219.29 Total Taxable Income And Distributions $14,678.25 $174,126.38 Total Tax-Exempt Income —— TOTAL INCOME AND DISTRIBUTIONS $14,678.25 $174,126.38 Taxable and tax exempt income classifications are based on the characteristics of the underlying securities and not the taxable status of the account. GAIN/(LOSS) SUMMARY Realized This Period (9/1/17-9/30/17) Realized This Year (1/1/17-9/30/17) Unrealized Inception to Date (as of 9/30/17) Short-Term Gain $642.70 $14,181.74 $14,827.99 Short-Term (Loss)(655.70)(9,786.63)(43,153.32) Total Short-Term $(13.00)$4,395.11 $(28,325.33) Long-Term Gain —10,958.01 — Long-Term (Loss)—(90,901.54)— Total Long-Term —$(79,943.53)— TOTAL GAIN/(LOSS)$(13.00)$(75,548.42)$(28,325.33) Disallowed Loss —$112.09 The Gain/(Loss) Summary, which may change due to basis adjustments, is provided for informational purposes and should not be used for tax preparation. Refer to Gain/(Loss) in the Expanded Disclosures. ADDITIONAL ACCOUNT INFORMATION Category This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17)Category This Period (9/1/17-9/30/17) This Year (1/1/17-9/30/17) Accrued Interest Paid $1,202.59 $63,600.06 Accrued Interest Received 1,250.04 19,002.92 U.S. Treasury Coupon Interest —68,530.15 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 Investment Objectives (in order of priority) †: Income,Capital Appreciation,Aggressive Income,Speculation Investment Advisory Account Manager:GALLIARD CAPITAL MANAGEMENT, INC. CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 6 of 26 † Inform us if your investment objectives, as defined in the Expanded Disclosures, change. HOLDINGS This section reflects positions purchased/sold on a trade date basis. "Market Value" and "Unrealized Gain/(Loss)" may not reflect the value that could be obtained in the market. Fixed Income securities are sorted by maturity or pre-refunding date, and alphabetically within date. Estimated Annual Income a) is calculated on a pre-tax basis, b) does not include any reduction for applicable non-US withholding taxes, c) may include return of principal or capital gains which could overstate such estimates, and d) for securities that have a defined maturity date within the next 12 months, is reflected only through maturity date. Actual income or yield may be lower or higher than the estimates. Current yield reflects the income generated by an investment, and does not reflect changes in its price. Structured Investments, identified on the Position Description Details line as "Asset Class: Struct Inv," may appear in various statement product categories. When displayed, the accrued interest, annual income and current yield for those with a contingent income feature (e.g., Range Accrual Notes or Contingent Income Notes) are estimates and assume specified accrual conditions are met during the relevant period and payment in full of all contingent interest. For Floating Rate Securities, the accrued interest, annual income and current yield are estimates based on the current floating coupon rate and may not reflect historic rates within the accrual period. CASH, BANK DEPOSIT PROGRAM AND MONEY MARKET FUNDS Cash, Bank Deposit Program, and Money Market Funds are generally displayed on a settlement date basis. You have the right to instruct us to liquidate your bank deposit balance(s) or shares of any money market fund balance(s) at any time and have the proceeds of such liquidation remitted to you. Estimated Annual Income, Accrued Interest, and APY% will only be displayed for fully settled positions. Description Market Value 7-Day Current Yield %Est Ann Income APY % CASH $183.76 MORGAN STANLEY PRIVATE BANK NA #142,280.09 —28.00 0.020 MORGAN STANLEY BANK N.A. #2.14 ——0.020 BANK DEPOSITS $142,282.23 $28.00 Percentage of Holdings Market Value Est Ann Income CASH, BDP, AND MMFs $142,465.99 $28.00 NET UNSETTLED PURCHASES/SALES $(59,731.99) CASH, BDP, AND MMFs (PROJECTED SETTLED BALANCE)0.51%$82,734.00 # Bank Deposits are held at Morgan Stanley Bank, N.A. and/or Morgan Stanley Private Bank, National Association, affiliates of Morgan Stanley Smith Barney LLC and each a national bank and FDIC member. The “Projected Settled Balance” includes accrued interest on deposits and reflects the impact of unsettled purchases/sales. Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 7 of 26 CORPORATE FIXED INCOME CORPORATE BONDS Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % ECOLAB INC Coupon Rate 1.450%; Matures 12/08/2017; CUSIP 278865AP5 3/2/17 50,000.000 $99.929 $99.929 $99.979 $49,964.50 $49,964.50 $49,989.50 $25.00 ST $363.00 $225.55 0.72 Int. Semi-Annually Jun/Dec 08; Yield to Maturity 1.555%; Moody BAA1 S&P A-; Issued 12/13/12; Asset Class: FI & Pref MORGAN STANLEY SER-F Coupon Rate 1.875%; Matures 01/05/2018; CUSIP 61761JVM8 3/21/17 30,000.000 100.187 100.063 100.098 30,056.10 30,018.79 30,029.40 10.61 ST 281.00 132.81 0.93 Int. Semi-Annually Jan/Jul 05; Yield to Maturity 1.496%; Moody A3 S&P BBB+; Issued 12/05/14; Asset Class: FI & Pref REALTY INCOME CORPORATION Coupon Rate 2.000%; Matures 01/31/2018; CUSIP 756109AM6 3/3/17 55,000.000 100.347 100.129 100.086 55,190.85 55,070.72 55,047.30 (23.42)ST 550.00 183.33 0.99 Int. Semi-Annually Jan/Jul 31; Callable $100.00 on 12/31/17; Yield to Call 1.650%; Moody BAA1 S&P BBB+; Issued 10/10/12; Asset Class: FI & Pref AIRGAS INC Coupon Rate 1.650%; Matures 02/15/2018; CUSIP 009363AN2 3/9/17 50,000.000 100.124 100.050 100.050 50,062.00 50,025.17 50,025.00 (0.17)ST 413.00 103.12 0.82 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 01/15/18; Yield to Call 1.473%; Moody A3 S&P A-; Issued 02/14/13; Asset Class: FI & Pref VENTAS REALTY LP/CAP CRP Coupon Rate 2.000%; Matures 02/15/2018; CUSIP 92276MBA2 5/16/17 35,000.000 100.168 100.085 100.091 35,058.80 35,029.66 35,031.85 2.19 ST 350.00 87.50 0.99 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 01/15/18; Yield to Call 1.679%; Moody BAA1 S&P BBB+; Issued 12/13/12; Asset Class: FI & Pref PECO ENERGY CO Coupon Rate 5.350%; Matures 03/01/2018; CUSIP 693304AL1 3/6/17 32,000.000 103.717 101.590 101.564 33,189.44 32,508.64 32,500.48 (8.16)ST 856.00 137.91 2.63 Int. Semi-Annually Mar/Sep 01; Yield to Maturity 1.590%; Moody AA3 S&P A-; Issued 03/03/08; Asset Class: FI & Pref MIDAMERICAN ENERGY CO Coupon Rate 5.300%; Matures 03/15/2018; CUSIP 595620AH8 3/8/17 35,000.000 103.716 101.690 101.652 36,300.60 35,591.53 35,578.20 (13.33)ST 928.00 77.29 2.60 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 1.665%; Moody AA2 S&P A+; Issued 03/25/08; Asset Class: FI & Pref OVERSEAS PRIVATE INVESTMENT CORPORATION Zero Coupon; Matures 03/17/2018; CUSIP 690353T31 3/13/17 200,000.000 100.000 100.000 100.803 200,000.00 200,000.00 201,606.00 1,606.00 ST — — — Issued 03/17/17; Asset Class: FI & Pref DUKE ENERGY CAROLINAS Coupon Rate 5.100%; Matures 04/15/2018; CUSIP 26442CAD6 3/28/17 50,000.000 103.514 101.830 101.715 51,757.00 50,914.80 50,857.50 (57.30)ST 2,550.00 1,168.74 5.01 Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.901%; Moody AA2 S&P A; Issued 04/14/08; Asset Class: FI & Pref SOUTHERN CALIF GAS CO Coupon Rate 5.450%; Matures 04/15/2018; CUSIP 842434CD2 2/7/17 30,000.000 104.372 102.001 101.898 31,311.60 30,600.15 30,569.40 (30.75)ST 1,635.00 749.37 5.34 Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.909%; Moody AA2 S&P A+; Issued 10/17/03; Asset Class: FI & Pref BANK OF AMERICA NA Coupon Rate 5.650%; Matures 05/01/2018; CUSIP 06051GDX4 2/24/17 30,000.000 104.534 102.276 102.283 31,360.20 30,682.86 30,684.90 2.04 ST 1,695.00 701.54 5.52 Int. Semi-Annually May/Nov 01; Yield to Maturity 1.716%; Moody BAA1 (+) S&P BBB+; Issued 05/02/08; Asset Class: FI & Pref 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 8 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % CONNECTICUT LIGHT & PWR Coupon Rate 5.650%; Matures 05/01/2018; CUSIP 207597ED3 3/2/17 50,000.000 104.599 102.341 102.354 52,299.50 51,170.71 51,177.00 6.29 ST 2,825.00 1,169.23 5.52 Int. Semi-Annually May/Nov 01; Yield to Maturity 1.596%; Moody A2 S&P A+; Issued 05/27/08; Asset Class: FI & Pref PUB SVC ELEC & GAS Coupon Rate 5.300%; Matures 05/01/2018; CUSIP 74456QAS5 3/21/17 50,000.000 103.966 102.105 102.121 51,983.00 51,052.60 51,060.50 7.90 ST 2,650.00 1,096.80 5.18 Int. Semi-Annually May/Nov 01; Yield to Maturity 1.646%; Moody AA3 S&P A; Issued 04/17/08; Asset Class: FI & Pref ENTERPRISE PRODUCTS OPER Coupon Rate 1.650%; Matures 05/07/2018; CUSIP 29379VBG7 3/9/17 35,000.000 99.806 99.806 99.964 34,932.10 34,932.10 34,987.40 55.30 ST 578.00 229.39 1.65 Int. Semi-Annually May/Nov 07; Yield to Maturity 1.709%; Moody BAA1 S&P BBB+; Issued 05/07/15; Asset Class: FI & Pref PARKER-HANNIFIN CORP Coupon Rate 5.500%; Matures 05/15/2018; CUSIP 70109HAH8 3/3/17 30,000.000 104.643 102.444 102.373 31,392.90 30,733.16 30,711.90 (21.26)ST 1,650.00 618.75 5.37 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.664%; Moody BAA1 S&P A; Issued 05/16/08; Asset Class: FI & Pref TRAVELERS COS INC Coupon Rate 5.800%; Matures 05/15/2018; CUSIP 89417EAE9 2/6/17 30,000.000 105.317 102.622 102.625 31,595.10 30,786.71 30,787.50 0.79 ST 1,740.00 652.50 5.65 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.560%; Moody A2 S&P A; Issued 05/13/08; Asset Class: FI & Pref AVISTA CORPORATION Coupon Rate 5.950%; Matures 06/01/2018; CUSIP 05379BAN7 4/12/17 50,000.000 104.604 102.750 102.787 52,302.00 51,374.91 51,393.50 18.59 ST 2,975.00 983.40 5.78 Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.740%; Moody A2 S&P A-; Issued 04/03/08; Asset Class: FI & Pref NORTHROP GRUMMAN CORP Coupon Rate 1.750%; Matures 06/01/2018; CUSIP 666807BF8 3/1/17 35,000.000 100.209 100.113 100.121 35,073.15 35,039.58 35,042.35 2.77 ST 613.00 202.46 1.74 Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.566%; Moody BAA2 S&P BBB+ (-); Issued 05/31/13; Asset Class: FI & Pref UNITED DOMINION REALTY TRUST, INC. Coupon Rate 4.250%; Matures 06/01/2018; CUSIP 91019PCS9 2/24/17 5/24/17 25,000.000 25,000.000 103.185 101.705 102.407 101.604 101.566 101.566 25,796.25 25,426.25 25,601.75 25,400.96 25,391.50 25,391.50 (34.75) (9.46) ST ST Total 50,000.000 51,398.00 50,827.21 50,783.00 (44.21)ST 2,125.00 702.43 4.18 Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.882%; Moody BAA1 S&P BBB+; Issued 05/23/11; Asset Class: FI & Pref CARDINAL HEALTH INC Coupon Rate 1.950%; Matures 06/15/2018; CUSIP 14149YBC1 2/13/17 30,000.000 100.324 100.173 100.147 30,097.20 30,051.76 30,044.10 (7.66)ST 585.00 170.62 1.94 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.739%; Moody BAA2 S&P BBB+; Issued 06/23/15; Asset Class: FI & Pref WEC ENERGY GROUP INC Coupon Rate 1.650%; Matures 06/15/2018; CUSIP 976657AJ5 3/8/17 50,000.000 99.817 99.817 99.989 49,908.50 49,908.50 49,994.50 86.00 ST 825.00 240.62 1.65 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.665%; Moody A3 S&P BBB+; Issued 06/10/15; Asset Class: FI & Pref PACIFICORP Coupon Rate 5.650%; Matures 07/15/2018; CUSIP 695114CH9 3/1/17 30,000.000 105.348 103.118 103.273 31,604.40 30,935.29 30,981.90 46.61 ST 1,695.00 353.12 5.47 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.473%; Moody A1 S&P A+; Issued 07/17/08; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 9 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % GOLDMAN SACHS GROUP INC Coupon Rate 2.900%; Matures 07/19/2018; CUSIP 38147MAA3 3/21/17 30,000.000 101.366 100.831 100.913 30,409.80 30,249.38 30,273.90 24.52 ST 870.00 171.58 2.87 Int. Semi-Annually Jan/Jul 19; Yield to Maturity 1.748%; Moody A3 S&P BBB+; Issued 07/19/13; Asset Class: FI & Pref NORTHERN STATES POWER COMPANY Coupon Rate 5.250%; Matures 10/01/2018; CUSIP 665789AV5 3/6/17 30,000.000 105.174 103.331 103.504 31,552.20 30,999.33 31,051.20 51.87 ST 1,575.00 783.12 5.07 Int. Semi-Annually Apr/Oct 01; Yield to Maturity 1.711%; Moody AA3 S&P A; Issued 10/02/03; Asset Class: FI & Pref MARSH & MCLENNAN COS INC Coupon Rate 2.550%; Matures 10/15/2018; CUSIP 571748AT9 2/1/17 30,000.000 101.097 100.678 100.686 30,329.10 30,203.25 30,205.80 2.55 ST 765.00 350.62 2.53 Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 09/15/18; Yield to Call 1.824%; Moody BAA1 S&P A-; Issued 09/27/13; Asset Class: FI & Pref BOSTON PROPERTIES LP Coupon Rate 3.700%; Matures 11/15/2018; CUSIP 10112RAT1 2/7/17 25,000.000 102.908 101.861 101.691 25,727.00 25,465.15 25,422.75 (42.40)ST 925.00 346.87 3.63 Int. Semi-Annually May/Nov 15; Callable $100.00 on 08/15/18; Yield to Call 1.743%; Moody BAA2 S&P A-; Issued 11/10/11; Asset Class: FI & Pref MAXIM INTEGRATED PRODUCT Coupon Rate 2.500%; Matures 11/15/2018; CUSIP 57772KAC5 9/18/17 40,000.000 100.658 100.639 100.609 40,263.20 40,255.66 40,243.60 (12.06)ST 1,000.00 375.00 2.48 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.949%; Moody BAA1 S&P BBB+; Issued 11/21/13; Asset Class: FI & Pref CITIGROUP INC Coupon Rate 2.050%; Matures 12/07/2018; CUSIP 172967KE0 5/2/17 30,000.000 100.199 100.149 100.144 30,059.70 30,044.61 30,043.20 (1.41)ST 615.00 193.04 2.04 Int. Semi-Annually Jun/Dec 07; Yield to Maturity 1.926%; Moody BAA1 S&P BBB+; Issued 12/07/15; Asset Class: FI & Pref KEYCORP Coupon Rate 2.300%; Matures 12/13/2018; CUSIP 49326EEE9 2/27/17 30,000.000 100.658 100.446 100.535 30,197.40 30,133.67 30,160.50 26.83 ST 690.00 205.08 2.28 Int. Semi-Annually Jun/Dec 13; Callable $100.00 on 11/13/18; Yield to Call 1.814%; Moody BAA1 S&P BBB+; Issued 11/13/13; Asset Class: FI & Pref MARATHON PETROLEUM CORP Coupon Rate 2.700%; Matures 12/14/2018; CUSIP 56585AAK8 5/25/17 20,000.000 101.087 100.846 100.688 20,217.40 20,169.18 20,137.60 (31.58)ST 540.00 157.50 2.68 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 2.118%; Moody BAA2 S&P BBB; Issued 12/14/15; Asset Class: FI & Pref THERMO FISHER SCIENTIFIC INC Coupon Rate 2.150%; Matures 12/14/2018; CUSIP 883556BL5 4/18/17 35,000.000 100.612 100.448 100.444 35,214.20 35,156.91 35,155.40 (1.51)ST 753.00 219.47 2.14 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.775%; Moody BAA2 S&P BBB; Issued 12/09/15; Asset Class: FI & Pref BANK OF AMERICA CORP Coupon Rate 2.600%; Matures 01/15/2019; CUSIP 06051GEX3 2/24/17 35,000.000 101.371 100.948 100.808 35,479.85 35,331.90 35,282.80 (49.10)ST 910.00 189.58 2.57 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.962%; Moody BAA1 (+) S&P BBB+; Issued 10/22/13; Asset Class: FI & Pref GOLDMAN SACHS GROUP INC Coupon Rate 2.625%; Matures 01/31/2019; CUSIP 38145XAA1 2/1/17 30,000.000 101.102 100.744 100.863 30,330.60 30,223.16 30,258.90 35.74 ST 788.00 131.25 2.60 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.966%; Moody A3 S&P BBB+; Issued 01/31/14; Asset Class: FI & Pref ANHEUSER-BUSCH INBEV FIN Coupon Rate 1.900%; Matures 02/01/2019; CUSIP 035242AG1 5/19/17 35,000.000 100.274 100.217 100.258 35,095.90 35,076.02 35,090.30 14.28 ST 665.00 108.98 1.89 Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.703%; Moody A3 S&P A-; Issued 01/25/16; Asset Class: FI & Pref 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 10 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % MORGAN STANLEY Coupon Rate 2.450%; Matures 02/01/2019; CUSIP 61746BDX1 2/3/17 30,000.000 100.834 100.565 100.698 30,250.20 30,169.45 30,209.40 39.95 ST 735.00 120.45 2.43 Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.917%; Moody A3 S&P BBB+; Issued 01/27/16; Asset Class: FI & Pref UNION ELECTRIC CO Coupon Rate 6.700%; Matures 02/01/2019; CUSIP 906548CG5 2/24/17 35,000.000 109.170 106.373 106.557 38,209.50 37,230.70 37,294.95 64.25 ST 2,345.00 384.31 6.28 Int. Semi-Annually Feb/Aug 01; Yield to Maturity 1.713%; Moody A2 S&P A; Issued 06/19/08; Asset Class: FI & Pref OVERSEAS PRIVATE INV COR Zero Coupon; Matures 02/11/2019; CUSIP 690353V20 6/19/17 40,000.000 100.000 100.000 100.331 40,000.00 40,000.00 40,132.40 132.40 ST — — — Issued 06/26/17; Asset Class: FI & Pref PRINCETON UNIVERSITY Coupon Rate 4.950%; Matures 03/01/2019; CUSIP 89837LAA3 3/24/17 50,000.000 106.229 104.608 104.414 53,114.50 52,304.08 52,207.00 (97.08)ST 2,475.00 199.37 4.74 Int. Semi-Annually Mar/Sep 01; Yield to Maturity 1.786%; Moody AAA S&P AAA; Issued 01/21/09; Asset Class: FI & Pref ROCK-TENN COMPANY Coupon Rate 4.450%; Matures 03/01/2019; CUSIP 772739AJ7 2/9/17 31,000.000 104.440 103.093 103.234 32,376.40 31,958.70 32,002.54 43.84 ST 1,380.00 111.12 4.31 Int. Semi-Annually Mar/Sep 01; Yield to Maturity 2.124%; Moody BAA2 S&P BBB; Issued 03/01/13; Asset Class: FI & Pref MIDAMERICAN ENERGY CO Coupon Rate 2.400%; Matures 03/15/2019; CUSIP 595620AJ4 2/1/17 25,000.000 101.072 100.744 101.008 25,268.00 25,186.09 25,252.00 65.91 ST 600.00 25.00 2.37 Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 02/15/19; Yield to Call 1.655%; Moody AA2 S&P A+; Issued 09/19/13; Asset Class: FI & Pref EATON CORP Coupon Rate 6.950%; Matures 03/20/2019; CUSIP 278058DH2 3/3/17 40,000.000 109.728 107.069 106.870 43,891.20 42,827.65 42,748.00 (79.65)ST 2,780.00 77.22 6.50 Int. Semi-Annually Mar/Sep 20; Yield to Maturity 2.182%; Moody BAA1 S&P A-; Issued 03/16/09; Asset Class: FI & Pref CATERPILLAR FINL SERVICE Coupon Rate 1.900%; Matures 03/22/2019; CUSIP 14912L6W6 3/20/17 30,000.000 99.940 99.940 100.244 29,982.00 29,982.00 30,073.20 91.20 ST 570.00 12.66 1.89 Int. Semi-Annually Mar/Sep 22; Yield to Maturity 1.732%; Moody A3 S&P A; Issued 03/23/17; Asset Class: FI & Pref NORTHWESTERN CORP Coupon Rate 6.340%; Matures 04/01/2019; CUSIP 668074AT4 4/24/17 30,000.000 108.302 106.485 106.257 32,490.60 31,945.58 31,877.10 (68.48)ST 1,902.00 945.71 5.96 Int. Semi-Annually Apr/Oct 01; Yield to Maturity 2.089%; Moody A2 S&P A-; Issued 03/26/09; Asset Class: FI & Pref PORTLAND GENERAL ELECTRIC Coupon Rate 6.100%; Matures 04/15/2019; CUSIP 736508BQ4 3/1/17 45,000.000 108.304 106.094 106.239 48,736.80 47,742.48 47,807.55 65.07 ST 2,745.00 1,258.12 5.74 Int. Semi-Annually Apr/Oct 15; Yield to Maturity 1.971%; Moody A1 S&P A-; Issued 04/16/09; Asset Class: FI & Pref SUNTRUST BANKS INC Coupon Rate 2.500%; Matures 05/01/2019; CUSIP 867914BG7 2/24/17 40,000.000 101.163 100.854 100.853 40,465.20 40,341.72 40,341.20 (0.52)ST 1,000.00 413.88 2.47 Int. Semi-Annually May/Nov 01; Callable $100.00 on 04/01/19; Yield to Call 1.921%; Moody BAA1 S&P BBB+; Issued 05/01/14; Asset Class: FI & Pref PEPSICO INC Coupon Rate 1.550%; Matures 05/02/2019; CUSIP 713448DR6 4/27/17 30,000.000 99.925 99.925 99.915 29,977.50 29,977.50 29,974.50 (3.00)ST 465.00 191.16 1.55 Int. Semi-Annually May/Nov 02; Yield to Maturity 1.604%; First Coupon 11/02/17; Moody A1 S&P A+; Issued 05/02/17; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 11 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % AMERICAN EXPRESS CREDIT Coupon Rate 1.875%; Matures 05/03/2019; CUSIP 0258M0EK1 4/27/17 20,000.000 99.959 99.959 100.116 19,991.80 19,991.80 20,023.20 31.40 ST 375.00 153.12 1.87 Int. Semi-Annually May/Nov 03; Callable $100.00 on 04/03/19; Yield to Call 1.797%; First Coupon 11/03/17; Moody A2 S&P A-; Issued 05/03/17; Asset Class: FI & Pref BANK OF NEW YORK MELLON Coupon Rate 5.450%; Matures 05/15/2019; CUSIP 06406HBM0 5/16/17 35,000.000 107.017 105.741 105.659 37,455.95 37,009.35 36,980.65 (28.70)ST 1,908.00 715.31 5.15 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.896%; Moody A1 S&P A; Issued 05/12/09; Asset Class: FI & Pref PUBLIC SERVICE COLORADO Coupon Rate 5.125%; Matures 06/01/2019; CUSIP 744448CC3 2/1/17 41,000.000 107.210 105.210 105.590 43,956.10 43,136.26 43,291.90 155.64 ST 2,101.00 694.57 4.85 Int. Semi-Annually Jun/Dec 01; Yield to Maturity 1.713%; Moody A1 S&P A; Issued 06/04/09; Asset Class: FI & Pref CITIGROUP INC Coupon Rate 2.050%; Matures 06/07/2019; CUSIP 172967KS9 5/2/17 30,000.000 100.060 100.049 100.077 30,018.00 30,014.56 30,023.10 8.54 ST 615.00 193.04 2.04 Int. Semi-Annually Jun/Dec 07; Yield to Maturity 2.003%; Moody BAA1 S&P BBB+; Issued 06/09/16; Asset Class: FI & Pref NORFOLK SOUTHERN CORP Coupon Rate 5.900%; Matures 06/15/2019; CUSIP 655844BC1 2/1/17 41,000.000 108.734 106.355 106.469 44,580.94 43,605.72 43,652.29 46.57 ST 2,419.00 705.54 5.54 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 2.026%; Moody BAA1 S&P BBB+; Issued 06/01/09; Asset Class: FI & Pref MAGELLAN MIDSTREAM PARTNERS LP Coupon Rate 6.550%; Matures 07/15/2019; CUSIP 559080AE6 4/18/17 35,000.000 109.630 107.745 107.469 38,370.50 37,710.58 37,614.15 (96.43)ST 2,293.00 477.60 6.09 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 2.270%; Moody BAA1 S&P BBB+; Issued 06/26/09; Asset Class: FI & Pref ROCKWELL COLLINS INC Coupon Rate 1.950%; Matures 07/15/2019; CUSIP 774341AG6 3/28/17 10,000.000 99.904 99.904 100.000 9,990.40 9,990.40 10,000.00 9.60 ST 195.00 40.62 1.95 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.949%; Moody BAA2 S&P BBB (+); Issued 04/10/17; Asset Class: FI & Pref TOYOTA MOTOR CREDIT CORP Coupon Rate 2.125%; Matures 07/18/2019; CUSIP 89236TBP9 5/4/17 50,000.000 100.681 100.560 100.699 50,340.50 50,280.05 50,349.50 69.45 ST 1,063.00 212.50 2.11 Int. Semi-Annually Jan/Jul 18; Yield to Maturity 1.728%; Moody AA3 S&P AA-; Issued 07/18/14; Asset Class: FI & Pref AMERICAN EXPRESS CREDIT Coupon Rate 2.250%; Matures 08/15/2019; CUSIP 0258M0DP1 2/27/17 35,000.000 100.928 100.712 100.831 35,324.80 35,249.18 35,290.85 41.67 ST 788.00 98.43 2.23 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.797%; Moody A2 S&P A-; Issued 08/15/14; Asset Class: FI & Pref PUBLIC SERVICE ELECTRIC Coupon Rate 2.000%; Matures 08/15/2019; CUSIP 74456QBJ4 3/20/17 35,000.000 99.971 99.971 100.188 34,989.85 34,989.85 35,065.80 75.95 ST 700.00 87.50 1.99 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 07/15/19; Yield to Call 1.892%; Moody AA3 S&P A; Issued 08/12/14; Asset Class: FI & Pref GILEAD SCIENCE INC Coupon Rate 1.850%; Matures 09/20/2019; CUSIP 375558BR3 9/14/17 5,000.000 99.965 99.965 100.079 4,998.25 4,998.25 5,003.95 5.70 ST 93.00 2.31 1.85 Int. Semi-Annually Mar/Sep 20; Yield to Maturity 1.809%; First Coupon 03/20/18; Moody A3 S&P A; Issued 09/21/17; Asset Class: FI & Pref BOSTON PROPERTIES INC Coupon Rate 5.875%; Matures 10/15/2019; CUSIP 10112RAQ7 2/3/17 30,000.000 108.859 106.775 106.892 32,657.70 32,032.38 32,067.60 35.22 ST 1,763.00 807.81 5.49 Int. Semi-Annually Apr/Oct 15; Callable $100.00 on 07/15/19; Yield to Call 1.940%; Moody BAA2 S&P A-; Issued 10/09/09; Asset Class: FI & Pref 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 12 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % ALEXANDRIA REAL ESTATE EQUITIES Coupon Rate 2.750%; Matures 01/15/2020; CUSIP 015271AF6 6/20/17 30,000.000 100.835 100.748 100.992 30,250.50 30,224.50 30,297.60 73.10 ST 825.00 171.87 2.72 Int. Semi-Annually Jan/Jul 15; Callable $100.00 on 12/15/19; Yield to Call 2.286%; Moody BAA2 S&P BBB; Issued 07/18/14; Asset Class: FI & Pref JPMORGAN CHASE & CO Coupon Rate 2.250%; Matures 01/23/2020; CUSIP 46625HKA7 3/14/17 25,000.000 99.798 99.798 100.538 24,949.50 24,949.50 25,134.50 185.00 ST 563.00 104.68 2.23 Int. Semi-Annually Jan/Jul 23; Callable $100.00 on 12/23/19; Yield to Call 2.002%; Moody A3 S&P A-; Issued 01/23/15; Asset Class: FI & Pref MORGAN STANLEY Coupon Rate 2.650%; Matures 01/27/2020; CUSIP 61747YDW2 2/6/17 34,000.000 101.003 100.791 101.146 34,341.02 34,268.80 34,389.64 120.84 ST 901.00 157.67 2.61 Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.141%; Moody A3 S&P BBB+; Issued 01/27/15; Asset Class: FI & Pref SUNTRUST BANKS INC Coupon Rate 2.250%; Matures 01/31/2020; CUSIP 86787EAR8 4/12/17 20,000.000 100.546 100.459 100.471 20,109.20 20,091.81 20,094.20 2.39 ST 450.00 75.00 2.23 Int. Semi-Annually Jan/Jul 31; Callable $100.00 on 12/31/19; Yield to Call 2.034%; Moody BAA1 S&P A-; Issued 02/01/17; Asset Class: FI & Pref APPLE INC Coupon Rate 1.900%; Matures 02/07/2020; CUSIP 037833CK4 2/2/17 60,000.000 99.951 99.951 100.345 59,970.60 59,970.60 60,207.00 236.40 ST 1,140.00 167.83 1.89 Int. Semi-Annually Feb/Aug 07; Yield to Maturity 1.749%; Moody AA1 S&P AA+; Issued 02/09/17; Asset Class: FI & Pref PNC FUNDING CORP Coupon Rate 5.125%; Matures 02/08/2020; CUSIP 693476BJ1 2/24/17 30,000.000 108.679 106.994 107.010 32,603.70 32,098.16 32,103.00 4.84 ST 1,538.00 222.08 4.79 Int. Semi-Annually Feb/Aug 08; Yield to Maturity 2.060%; Moody A3 S&P A-; Issued 02/08/10; Asset Class: FI & Pref AMERICAN HONDA FINANCE Coupon Rate 2.000%; Matures 02/14/2020; CUSIP 02665WBM2 2/13/17 55,000.000 99.858 99.858 100.221 54,921.90 54,921.90 55,121.55 199.65 ST 1,100.00 140.55 1.99 Int. Semi-Annually Feb/Aug 14; Yield to Maturity 1.904%; Moody A1 (-) S&P A+; Issued 02/16/17; Asset Class: FI & Pref NOVARTIS CAPITAL CORP Coupon Rate 1.800%; Matures 02/14/2020; CUSIP 66989HAL2 2/14/17 25,000.000 99.609 99.609 100.033 24,902.25 24,902.25 25,008.25 106.00 ST 450.00 57.50 1.79 Int. Semi-Annually Feb/Aug 14; Yield to Maturity 1.785%; Moody AA3 S&P AA-; Issued 02/17/17; Asset Class: FI & Pref CITIGROUP INC Coupon Rate 2.400%; Matures 02/18/2020; CUSIP 172967JJ1 5/16/17 30,000.000 100.545 100.474 100.745 30,163.50 30,142.18 30,223.50 81.32 ST 720.00 84.00 2.38 Int. Semi-Annually Feb/Aug 18; Yield to Maturity 2.078%; Moody BAA1 S&P BBB+; Issued 02/18/15; Asset Class: FI & Pref PACCAR FINANCIAL CORP Coupon Rate 1.950%; Matures 02/27/2020; CUSIP 69371RN69 2/22/17 50,000.000 99.820 99.820 100.056 49,910.00 49,910.00 50,028.00 118.00 ST 975.00 89.37 1.94 Int. Semi-Annually Feb/Aug 27; Yield to Maturity 1.926%; Moody A1 S&P A+; Issued 02/27/17; Asset Class: FI & Pref ROCKWELL AUTOMATION INC Coupon Rate 2.050%; Matures 03/01/2020; CUSIP 773903AF6 2/3/17 3/3/17 33,000.000 22,000.000 99.813 99.813 99.492 99.492 99.597 99.597 32,938.29 32,938.29 21,888.24 21,888.24 32,867.01 21,911.34 (71.28) 23.10 ST ST Total 55,000.000 54,826.53 54,826.53 54,778.35 (48.18)ST 1,128.00 90.82 2.05 Int. Semi-Annually Mar/Sep 01; Callable $100.00 on 02/01/20; Yield to Maturity 2.222%; Moody A3 S&P A; Issued 02/17/15; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 13 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % AMERICAN EXPRESS CREDIT Coupon Rate 2.200%; Matures 03/03/2020; CUSIP 0258M0EE5 2/28/17 20,000.000 99.896 99.896 100.523 19,979.20 19,979.20 20,104.60 125.40 ST 440.00 33.00 2.18 Int. Semi-Annually Mar/Sep 03; Callable $100.00 on 02/01/20; Yield to Call 1.969%; Moody A2 S&P A-; Issued 03/03/17; Asset Class: FI & Pref THE WALT DISNEY COMPANY Coupon Rate 1.950%; Matures 03/04/2020; CUSIP 25468PDP8 3/1/17 40,000.000 99.974 99.974 100.333 39,989.60 39,989.60 40,133.20 143.60 ST 780.00 56.33 1.94 Int. Semi-Annually Mar/Sep 04; Yield to Maturity 1.809%; Moody A2 S&P A+; Issued 03/06/17; Asset Class: FI & Pref GOLDMAN SACHS GROUP INC Coupon Rate 5.375%; Matures 03/15/2020; CUSIP 38141EA58 2/1/17 30,000.000 108.466 106.741 107.427 32,539.80 32,022.20 32,228.10 205.90 ST 1,613.00 67.18 5.00 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.252%; Moody A3 S&P BBB+; Issued 03/08/10; Asset Class: FI & Pref JP MORGAN CHASE Coupon Rate 4.950%; Matures 03/25/2020; CUSIP 46625HHQ6 2/23/17 30,000.000 108.274 106.723 106.919 32,482.20 32,016.93 32,075.70 58.77 ST 1,485.00 20.62 4.62 Int. Semi-Annually Mar/Sep 25; Yield to Maturity 2.080%; Moody A3 S&P A-; Issued 03/25/10; Asset Class: FI & Pref AMPHENOL CORP Coupon Rate 2.200%; Matures 04/01/2020; CUSIP 032095AF8 3/29/17 40,000.000 99.922 99.922 100.139 39,968.80 39,968.80 40,055.60 86.80 ST 880.00 427.77 2.19 Int. Semi-Annually Apr/Oct 01; Yield to Maturity 2.143%; First Coupon 10/01/17; Moody BAA1 S&P BBB+; Issued 04/05/17; Asset Class: FI & Pref CONSUMERS ENERGY CO Coupon Rate 5.650%; Matures 04/15/2020; CUSIP 210518CL8 2/1/17 53,000.000 109.873 107.913 108.833 58,232.69 57,193.63 57,681.49 487.86 ST 2,995.00 1,372.47 5.19 Int. Semi-Annually Apr/Oct 15; Yield to Maturity 2.064%; Moody AA3 S&P A; Issued 03/24/05; Asset Class: FI & Pref BANK OF AMERICA CORP Coupon Rate 2.250%; Matures 04/21/2020; CUSIP 06051GFN4 5/2/17 30,000.000 99.991 99.991 100.223 29,997.30 29,997.30 30,066.90 69.60 ST 675.00 298.12 2.24 Int. Semi-Annually Apr/Oct 21; Yield to Maturity 2.160%; Moody BAA1 (+) S&P BBB+; Issued 04/21/15; Asset Class: FI & Pref GENERAL ELEC CAP CORP Coupon Rate 5.550%; Matures 05/04/2020; CUSIP 36962G2T0 8/15/17 30,000.000 109.572 109.159 109.272 32,871.60 32,747.76 32,781.60 33.84 ST 1,665.00 675.25 5.07 Int. Semi-Annually May/Nov 04; Yield to Maturity 1.871%; Moody A1 S&P AA-; Issued 05/04/07; Asset Class: FI & Pref UNITED TECHNOLOGIES CORP Coupon Rate 1.900%; Matures 05/04/2020; CUSIP 913017CM9 5/1/17 10,000.000 99.951 99.951 99.677 9,995.10 9,995.10 9,967.70 (27.40)ST 190.00 77.05 1.90 Int. Semi-Annually May/Nov 04; Yield to Maturity 2.028%; First Coupon 11/04/17; Moody A3 (-) S&P A- (-); Issued 05/04/17; Asset Class: FI & Pref CONOCOPHILLIPS COMPANY Coupon Rate 2.200%; Matures 05/15/2020; CUSIP 20826FAJ5 5/19/17 40,000.000 100.571 100.505 100.580 40,228.40 40,201.98 40,232.00 30.02 ST 880.00 330.00 2.18 Int. Semi-Annually May/Nov 15; Callable $100.00 on 04/15/20; Yield to Call 1.965%; Moody BAA1 S&P A-; Issued 05/18/15; Asset Class: FI & Pref SHERWIN-WILLIAMS CO Coupon Rate 2.250%; Matures 05/15/2020; CUSIP 824348AT3 5/2/17 30,000.000 99.997 99.997 100.396 29,999.10 29,999.10 30,118.80 119.70 ST 675.00 251.24 2.24 Int. Semi-Annually May/Nov 15; Yield to Maturity 2.094%; First Coupon 11/15/17; Moody BAA3 S&P BBB; Issued 05/16/17; Asset Class: FI & Pref MCDONALD'S CORP Coupon Rate 2.200%; Matures 05/26/2020; CUSIP 58013MET7 3/6/17 50,000.000 100.053 100.044 100.605 50,026.50 50,022.00 50,302.50 280.50 ST 1,100.00 378.88 2.18 Int. Semi-Annually May/Nov 26; Callable $100.00 on 04/26/20; Yield to Call 1.957%; Moody BAA1 S&P BBB+; Issued 05/26/15; Asset Class: FI & Pref 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 14 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % DUKE ENERGY CAROLINAS LLC Coupon Rate 4.300%; Matures 06/15/2020; CUSIP 26442CAJ3 4/18/17 30,000.000 107.299 106.293 105.997 32,189.70 31,887.92 31,799.10 (88.82)ST 1,290.00 376.25 4.05 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 2.013%; Moody AA2 S&P A; Issued 06/07/10; Asset Class: FI & Pref MORGAN STANLEY Coupon Rate 2.800%; Matures 06/16/2020; CUSIP 61761JB32 3/21/17 30,000.000 101.323 101.116 101.668 30,396.90 30,334.89 30,500.40 165.51 ST 840.00 242.66 2.75 Int. Semi-Annually Jun/Dec 16; Yield to Maturity 2.163%; Moody A3 S&P BBB+; Issued 06/16/15; Asset Class: FI & Pref JOHN DEERE CAPITAL CORP Coupon Rate 1.950%; Matures 06/22/2020; CUSIP 24422ETS8 6/19/17 10,000.000 99.939 99.939 100.101 9,993.90 9,993.90 10,010.10 16.20 ST 195.00 53.08 1.94 Int. Semi-Annually Jun/Dec 22; Yield to Maturity 1.911%; First Coupon 12/22/17; Moody A2 S&P A; Issued 06/22/17; Asset Class: FI & Pref BB&T CORPORATION Coupon Rate 2.625%; Matures 06/29/2020; CUSIP 05531FAU7 6/14/17 30,000.000 101.952 101.774 101.630 30,585.60 30,532.12 30,489.00 (43.12)ST 788.00 199.06 2.58 Int. Semi-Annually Jun/Dec 29; Callable $100.00 on 05/29/20; Yield to Call 1.993%; Moody A2 S&P A-; Issued 06/29/15; Asset Class: FI & Pref AT&T INC Coupon Rate 2.450%; Matures 06/30/2020; CUSIP 00206RCL4 6/9/17 30,000.000 100.345 100.312 100.713 30,103.50 30,093.68 30,213.90 120.22 ST 735.00 183.75 2.43 Int. Semi-Annually Jun/Dec 30; Callable $100.00 on 05/30/20; Yield to Call 2.173%; Moody BAA1 (-) S&P BBB+ (-); Issued 05/04/15; Asset Class: FI & Pref BANK OF AMERICA CORP Coupon Rate 5.625%; Matures 07/01/2020; CUSIP 06051GEC9 3/7/17 30,000.000 109.939 108.314 108.914 32,981.70 32,494.18 32,674.20 180.02 ST 1,688.00 417.18 5.16 Int. Semi-Annually Jan/Jul 01; Yield to Maturity 2.265%; Moody BAA1 (+) S&P BBB+; Issued 06/22/10; Asset Class: FI & Pref JOHN DEER CAPITAL CORP Coupon Rate 2.375%; Matures 07/14/2020; CUSIP 24422ESY6 9/5/17 40,000.000 101.636 101.599 100.884 40,654.40 40,639.43 40,353.60 (285.83)ST 950.00 200.55 2.35 Int. Semi-Annually Jan/Jul 14; Yield to Maturity 2.047%; Moody A2 S&P A; Issued 07/14/15; Asset Class: FI & Pref ERP OPERATING-LP Coupon Rate 4.750%; Matures 07/15/2020; CUSIP 26884AAY9 2/1/17 3/28/17 30,000.000 20,000.000 107.259 105.928 106.929 105.910 106.592 106.592 32,177.70 31,778.30 21,385.80 21,181.92 31,977.60 21,318.40 199.30 136.48 ST ST Total 50,000.000 53,563.50 52,960.22 53,296.00 335.78 ST 2,375.00 692.70 4.45 Int. Semi-Annually Jun/Dec 15; Callable $100.00 on 04/15/20; Yield to Call 2.074%; Moody A3 S&P A-; Issued 07/15/10; Asset Class: FI & Pref AMERICAN HONDA FINANCE Coupon Rate 1.950%; Matures 07/20/2020; CUSIP 02665WBT7 7/17/17 10,000.000 99.899 99.899 99.830 9,989.90 9,989.90 9,983.00 (6.90)ST 195.00 37.91 1.95 Int. Semi-Annually Jan/Jul 20; Yield to Maturity 2.012%; First Coupon 01/20/18; Moody A1 (-) S&P A+; Issued 07/20/17; Asset Class: FI & Pref COMMONWEALTH EDISON COMPANY Coupon Rate 4.000%; Matures 08/01/2020; CUSIP 202795HV5 2/16/17 50,000.000 105.233 104.338 104.893 52,616.50 52,168.88 52,446.50 277.62 ST 2,000.00 327.77 3.81 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 05/01/20; Yield to Call 2.047%; Moody A1 S&P A-; Issued 08/02/10; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 15 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % PNC FUNDING CORP. Coupon Rate 4.375%; Matures 08/11/2020; CUSIP 693476BL6 3/28/17 5/15/17 30,000.000 20,000.000 106.442 105.514 106.912 106.143 106.369 106.369 31,932.60 31,654.09 21,382.40 21,228.63 31,910.70 21,273.80 256.61 45.17 ST ST Total 50,000.000 53,315.00 52,882.72 53,184.50 301.78 ST 2,188.00 297.74 4.11 Int. Semi-Annually Feb/Aug 11; Yield to Maturity 2.072%; Moody A3 S&P A-; Issued 08/11/10; Asset Class: FI & Pref BANK OF NY MELLON CORP Coupon Rate 2.600%; Matures 08/17/2020; CUSIP 06406HDD8 5/30/17 30,000.000 101.733 101.559 101.483 30,519.90 30,467.73 30,444.90 (22.83)ST 780.00 93.16 2.56 Int. Semi-Annually Feb/Aug 17; Callable $100.00 on 07/17/20; Yield to Call 2.051%; Moody A1 S&P A; Issued 08/17/15; Asset Class: FI & Pref GILEAD SCIENCES INC Coupon Rate 2.550%; Matures 09/01/2020; CUSIP 375558BB8 2/28/17 40,000.000 100.885 100.743 101.778 40,354.00 40,297.35 40,711.20 413.85 ST 1,020.00 82.16 2.50 Int. Semi-Annually Mar/Sep 01; Yield to Maturity 1.921%; Moody A3 S&P A; Issued 09/14/15; Asset Class: FI & Pref CATERPILLAR FINL SERVICE Coupon Rate 1.850%; Matures 09/04/2020; CUSIP 14913Q2A6 9/5/17 10,000.000 99.916 99.916 99.539 9,991.60 9,991.60 9,953.90 (37.70)ST 185.00 11.81 1.85 Int. Semi-Annually Mar/Sep 04; Yield to Maturity 2.013%; First Coupon 03/04/18; Moody A3 S&P A; Issued 09/07/17; Asset Class: FI & Pref DUKE ENERGY PROGRESS LLC Coupon Rate 1.497%; Matures 09/08/2020; CUSIP 26442UAD6 9/5/17 10,000.000 100.000 100.000 100.058 10,000.00 10,000.00 10,005.80 5.80 ST 150.00 9.14 1.49 Interest Paid Quarterly Dec 08; Yield to Maturity 1.477%; First Coupon 12/08/17; Floater; Moody AA3 S&P A; Issued 09/08/17; Asset Class: FI & Pref VERIZON COMMUNICATIONS Coupon Rate 4.500%; Matures 09/15/2020; CUSIP 92343VBQ6 5/5/17 20,000.000 106.799 106.029 107.283 21,359.80 21,205.88 21,456.60 250.72 ST 900.00 37.50 4.19 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 1.954%; Moody BAA1 S&P BBB+; Issued 09/18/13; Asset Class: FI & Pref AVALONBAY COMMUNITIES IN Coupon Rate 3.625%; Matures 10/01/2020; CUSIP 05348EAS8 2/8/17 5/1/17 30,000.000 20,000.000 104.286 103.565 103.947 103.491 104.033 104.033 31,285.80 31,069.41 20,789.40 20,698.10 31,209.90 20,806.60 140.49 108.50 ST ST Total 50,000.000 52,075.20 51,767.51 52,016.50 248.99 ST 1,813.00 901.21 3.48 Int. Semi-Annually Apr/Oct 01; Callable $100.00 on 07/01/20; Yield to Call 2.108%; Moody A3 S&P A-; Issued 09/20/13; Asset Class: FI & Pref KENTUCKY UTILITIES COMPANY Coupon Rate 3.250%; Matures 11/01/2020; CUSIP 491674BE6 2/17/17 55,000.000 103.537 102.975 103.238 56,945.35 56,636.43 56,780.90 144.47 ST 1,788.00 739.82 3.14 Int. Semi-Annually May/Nov 01; Callable $100.00 on 08/01/20; Yield to Call 2.068%; Moody A1 S&P A; Issued 05/01/11; Asset Class: FI & Pref OVERSEAS PRIVATE INV COR Zero Coupon; Matures 11/13/2020; CUSIP 690353U70 4/19/17 175,000.000 100.000 100.000 100.540 175,000.00 175,000.00 175,945.00 945.00 ST — — — Issued 04/26/17; Asset Class: FI & Pref EMERSON ELECTRIC CO. Coupon Rate 4.250%; Matures 11/15/2020; CUSIP 291011BC7 2/28/17 50,000.000 107.159 106.077 106.822 53,579.50 53,038.66 53,411.00 372.34 ST 2,125.00 796.87 3.97 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 16 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % Int. Semi-Annually May/Nov 15; Yield to Maturity 1.987%; Moody A2 S&P A; Issued 11/16/09; Asset Class: FI & Pref LOCKHEED MARTIN CORP Coupon Rate 2.500%; Matures 11/23/2020; CUSIP 539830BF5 2/3/17 15,000.000 100.930 100.776 101.545 15,139.50 15,116.47 15,231.75 115.28 ST 375.00 132.29 2.46 Int. Semi-Annually May/Nov 23; Callable $100.00 on 10/23/20; Yield to Call 1.978%; Moody BAA1 S&P BBB+; Issued 11/23/15; Asset Class: FI & Pref MARATHON PETROLEUM CORP Coupon Rate 3.400%; Matures 12/15/2020; CUSIP 56585AAL6 4/17/17 35,000.000 103.157 102.785 103.202 36,104.95 35,974.59 36,120.70 146.11 ST 1,190.00 347.08 3.29 Int. Semi-Annually Jun/Dec 15; Callable $100.00 on 11/15/20; Yield to Call 2.331%; Moody BAA2 S&P BBB; Issued 12/14/15; Asset Class: FI & Pref UNION PACIFIC CORP Coupon Rate 4.000%; Matures 02/01/2021; CUSIP 907818DG0 2/1/17 30,000.000 106.011 105.064 105.762 31,803.30 31,519.32 31,728.60 209.28 ST 1,200.00 196.66 3.78 Int. Semi-Annually Feb/Aug 01; Callable $100.00 on 11/01/20; Yield to Call 2.063%; Moody A3 S&P A; Issued 08/02/10; Asset Class: FI & Pref ENTERGY ARKANSAS, INC. Coupon Rate 3.750%; Matures 02/15/2021; CUSIP 29364DAQ3 2/1/17 3/1/17 12,000.000 20,000.000 104.961 103.929 104.776 104.113 104.498 104.498 12,595.32 12,471.44 20,955.20 20,822.66 12,539.76 20,899.60 68.32 76.94 ST ST Total 32,000.000 33,550.52 33,294.10 33,439.36 145.26 ST 1,200.00 150.00 3.58 Int. Semi-Annually Feb/Aug 15; Callable $100.00 on 11/15/20; Yield to Call 2.251%; Moody A2 S&P A; Issued 11/12/10; Asset Class: FI & Pref STATE STREET CORP Coupon Rate 4.375%; Matures 03/07/2021; CUSIP 857477AG8 6/7/17 30,000.000 107.910 107.290 107.075 32,373.00 32,187.13 32,122.50 (64.63)ST 1,313.00 83.85 4.08 Int. Semi-Annually Mar/Sep 07; Yield to Maturity 2.225%; Moody A1 S&P A; Issued 03/07/11; Asset Class: FI & Pref JPMORGAN CHASE & CO Coupon Rate 1.867%; Matures 03/09/2021; CUSIP 46647PAC0 3/2/17 40,000.000 100.000 100.000 100.068 40,000.00 40,000.00 40,027.20 27.20 ST 747.00 43.56 1.86 Interest Paid Quarterly Jun 09; Yield to Maturity 1.846%; Floater; Moody A3 S&P A-; Issued 03/09/17; Asset Class: FI & Pref CITIGROUP INC Coupon Rate 2.700%; Matures 03/30/2021; CUSIP 172967KK6 5/16/17 30,000.000 100.657 100.597 101.115 30,197.10 30,179.17 30,334.50 155.33 ST 810.00 — 2.67 Int. Semi-Annually Mar/Sep 30; Yield to Maturity 2.366%; Moody BAA1 S&P BBB+; Issued 03/30/16; Asset Class: FI & Pref KIMCO REALTY CORP Coupon Rate 3.200%; Matures 05/01/2021; CUSIP 49446RAL3 2/17/17 30,000.000 102.012 101.734 102.000 30,603.60 30,520.31 30,600.00 79.69 ST 960.00 397.33 3.13 Int. Semi-Annually May/Nov 01; Callable $100.00 on 03/01/21; Yield to Call 2.585%; Moody BAA1 S&P BBB+; Issued 04/24/14; Asset Class: FI & Pref CENTERPOINT ENERGY HOUSTON ELE MTG BD Coupon Rate 1.850%; Matures 06/01/2021; CUSIP 15189XAP3 5/3/17 50,000.000 98.516 98.516 98.602 49,258.00 49,258.00 49,301.00 43.00 ST 925.00 305.76 1.87 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 05/01/21; Yield to Maturity 2.249%; Moody A1 S&P A; Issued 05/18/16; Asset Class: FI & Pref EQUIFAX INC Coupon Rate 2.300%; Matures 06/01/2021; CUSIP 294429AK1 2/28/17 35,000.000 98.712 98.712 97.698 34,549.20 34,549.20 34,194.30 (354.90)ST 805.00 266.09 2.35 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 05/01/21; Yield to Maturity 2.966%; Moody BAA1 S&P BBB+; Issued 05/12/16; Asset Class: FI & Pref JPMORGAN CHASE & CO Coupon Rate 2.400%; Matures 06/07/2021; CUSIP 46625HRT9 2/23/17 30,000.000 99.563 99.563 100.341 29,868.90 29,868.90 30,102.30 233.40 ST 720.00 226.00 2.39 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 17 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % Int. Semi-Annually Jun/Dec 07; Callable $100.00 on 05/07/21; Yield to Call 2.301%; Moody A3 S&P A-; Issued 06/07/16; Asset Class: FI & Pref FISERV, INC. Coupon Rate 4.750%; Matures 06/15/2021; CUSIP 337738AL2 2/2/17 30,000.000 108.051 106.907 107.829 32,415.30 32,072.24 32,348.70 276.46 ST 1,425.00 415.62 4.40 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 2.524%; Moody BAA2 S&P BBB; Issued 06/14/11; Asset Class: FI & Pref MCCORMICK & CO Coupon Rate 3.900%; Matures 07/15/2021; CUSIP 579780AH0 3/3/17 35,000.000 105.351 104.690 104.908 36,872.85 36,641.34 36,717.80 76.46 ST 1,365.00 284.37 3.71 Int. Semi-Annually Jan/Jul 15; Callable $100.00 on 04/15/21; Yield to Call 2.445%; Moody BAA2 S&P BBB; Issued 07/08/11; Asset Class: FI & Pref SIMON PROPERTY GROUP LP Coupon Rate 2.500%; Matures 07/15/2021; CUSIP 828807CX3 2/2/17 30,000.000 100.068 100.059 100.541 30,020.40 30,017.55 30,162.30 144.75 ST 750.00 156.24 2.48 Int. Semi-Annually Jan/Jul 15; Callable $100.00 on 04/15/21; Yield to Call 2.340%; Moody A2 S&P A; Issued 01/13/16; Asset Class: FI & Pref GOLDMAN SACHS GROUP INC Coupon Rate 5.250%; Matures 07/27/2021; CUSIP 38141GGQ1 2/1/17 30,000.000 109.622 108.293 109.882 32,886.60 32,488.04 32,964.60 476.56 ST 1,575.00 275.62 4.77 Int. Semi-Annually Jan/Jul 27; Yield to Maturity 2.523%; Moody A3 S&P BBB+; Issued 07/27/11; Asset Class: FI & Pref BAPTIST HEALTH SOUTH FL Coupon Rate 4.590%; Matures 08/15/2021; CUSIP 066836AA5 8/10/17 37,000.000 108.313 108.058 107.409 40,075.81 39,981.60 39,741.33 (240.27)ST 1,698.00 212.28 4.27 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 2.568%; Moody AA3 S&P AA-; Issued 05/25/11; Asset Class: FI & Pref BURLINGTN NORTH SANTA FE Coupon Rate 3.450%; Matures 09/15/2021; CUSIP 12189LAF8 2/15/17 60,000.000 103.853 103.362 104.349 62,311.80 62,017.45 62,609.40 591.95 ST 2,070.00 86.25 3.30 Int. Semi-Annually Mar/Sep 15; Callable $100.00 on 06/15/21; Yield to Call 2.221%; Moody A3 S&P A; Issued 08/22/11; Asset Class: FI & Pref LOCKHEED MARTIN CORP Coupon Rate 3.350%; Matures 09/15/2021; CUSIP 539830AY5 2/2/17 35,000.000 103.339 102.891 103.963 36,168.65 36,011.77 36,387.05 375.28 ST 1,173.00 48.85 3.22 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 2.297%; Moody BAA1 S&P BBB+; Issued 09/09/11; Asset Class: FI & Pref NORFOLK SOUTHERN CORP Coupon Rate 3.250%; Matures 12/01/2021; CUSIP 655844BG2 3/14/17 20,000.000 101.767 101.576 103.304 20,353.40 20,315.16 20,660.80 345.64 ST 650.00 214.86 3.14 Int. Semi-Annually Jun/Dec 01; Callable $100.00 on 09/01/21; Yield to Call 2.362%; Moody BAA1 S&P BBB+; Issued 11/17/11; Asset Class: FI & Pref PREMIER AIRCRAFT LEASING EXIM Coupon Rate 3.547%; Matures 04/10/2022; CUSIP 74046BAB2 3/28/17 150,000.000 103.428 103.428 102.888 68,592.52 61,309.70 60,989.59 (320.11)ST 2,103.00 467.23 3.44 Interest Paid Quarterly Jul 10; Yield to Maturity 2.862%; Factor .39518440; Issued 04/29/10; Current Face 59,277.660; Asset Class: FI & Pref SAYARRA LTD Coupon Rate 2.575%; Matures 04/14/2022; CUSIP 805649AB6 6/7/17 125,000.000 101.430 101.430 101.179 58,540.74 55,784.63 55,646.58 (138.05)ST 1,416.00 239.96 2.54 Interest Paid Quarterly Oct 29; Yield to Maturity 2.300%; Factor .43998528; Issued 10/22/10; Current Face 54,998.160; Asset Class: FI & Pref PROCTER & GAMBLE CO/THE Coupon Rate 2.150%; Matures 08/11/2022; CUSIP 742718EU9 8/9/17 25,000.000 99.854 99.854 99.785 24,963.50 24,963.50 24,946.25 (17.25)ST 538.00 73.15 2.15 Int. Semi-Annually Feb/Aug 11; Yield to Maturity 2.197%; First Coupon 02/11/18; Moody AA3 S&P AA-; Issued 08/11/17; Asset Class: FI & Pref AT&T INC Coupon Rate 2.850%; Matures 02/14/2023; CUSIP 00206REK4 7/27/17 30,000.000 99.984 99.984 99.372 29,995.20 29,995.20 29,811.60 (183.60)ST 855.00 125.87 2.86 Int. Semi-Annually Feb/Aug 14; Callable $100.00 on 01/14/23; Yield to Maturity 2.977%; First Coupon 02/14/18; Moody BAA1 (-) S&P BBB+ (-); Issued 08/07/17; Asset Class: FI & Pref 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 18 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % SAFINA LTD Coupon Rate 2.000%; Matures 12/30/2023; CUSIP 78657AAB5 1/31/17 7/24/17 200,000.000 90,000.000 99.000 99.000 99.591 99.591 99.230 99.230 126,014.55 113,359.56 53,233.61 51,316.33 113,622.91 51,130.31 263.35 (186.02) ST ST Total 290,000.000 179,248.16 164,675.89 164,753.23 77.33 ST 3,321.00 — 2.01 Interest Paid Quarterly Sep 30; Yield to Maturity 2.132%; Factor .57252302; Issued 06/25/12; Current Face 166,031.676; Asset Class: FI & Pref Percentage of Holdings Face Value Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % CORPORATE FIXED INCOME 5,071,000.000 $4,934,517.92 $4,880,765.99 $4,891,243.28 $10,477.28 ST $143,645.00 $36,944.44 2.94% TOTAL CORPORATE FIXED INCOME (includes accrued interest) 30.38%$4,928,187.72 Watchlist and CreditWatch Indicators: (*) = developing/uncertain (+) = On Watchlist/CreditWatch Upgrade (-) = On Watchlist/CreditWatch Downgrade GOVERNMENT SECURITIES TREASURY SECURITIES Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % UNITED STATES TREASURY NOTE Coupon Rate 1.000%; Matures 02/15/2018; CUSIP 912828H94 1/31/17 1,045,000.000 $100.129 $99.883 $99.933 $1,046,350.58 $1,043,781.12 $1,044,299.85 $518.73 ST $5,225.00 $1,306.25 0.50 Int. Semi-Annually Feb/Aug 15; Yield to Maturity 1.179%; Moody AAA; Issued 02/15/15; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.125%; Matures 01/31/2019; CUSIP 912828V56 1/31/17 6,400,000.000 99.856 99.856 99.617 6,390,771.20 6,390,770.78 6,375,488.00 (15,282.78)ST 72,000.00 11,934.78 1.12 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.415%; Moody AAA; Issued 01/31/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.500%; Matures 05/15/2020; CUSIP 912828X96 5/24/17 975,000.000 100.036 100.031 99.801 975,346.13 975,306.06 973,059.75 (2,246.31)ST 14,625.00 5,484.37 1.50 Int. Semi-Annually May/Nov 15; Yield to Maturity 1.578%; Issued 05/15/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.500%; Matures 06/15/2020; CUSIP 912828XU9 6/27/17 150,000.000 99.950 99.950 99.781 149,924.40 149,924.40 149,671.50 (252.90)ST 2,250.00 657.78 1.50 Int. Semi-Annually Jun/Dec 15; Yield to Maturity 1.583%; Issued 06/15/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.500%; Matures 07/15/2020; CUSIP 9128282J8 8/1/17 125,000.000 100.012 100.011 99.727 125,015.13 125,014.31 124,658.75 (355.56)ST 1,875.00 392.32 1.50 Int. Semi-Annually Jan/Jul 15; Yield to Maturity 1.600%; Moody AAA; Issued 07/15/17; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 19 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % UNITED STATES TREASURY NOTE Coupon Rate 1.375%; Matures 09/15/2020; CUSIP 9128282V1 9/27/17 150,000.000 99.364 99.364 99.309 149,045.40 149,045.40 148,963.50 (81.90)ST 2,063.00 85.46 1.38 Int. Semi-Annually Mar/Sep 15; Yield to Maturity 1.615%; Moody AAA; Issued 09/15/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE-INFLATION INDEXED Coupon Rate 0.125%; Matures 04/15/2021; CUSIP 912828Q60 1/31/17 159,000.000 101.306 101.306 100.313 164,269.44 164,269.44 164,740.35 470.91 ST 205.00 94.22 0.12 Int. Semi-Annually Apr/Oct 15; Factor 1.03287000; Moody AAA; Issued 04/15/16; Current Face 164,226.330; Asset Class: FI & Pref UNITED STATES TREASURY NOTE-INFLATION INDEXED Coupon Rate 0.125%; Matures 04/15/2022; CUSIP 912828X39 4/13/17 4/13/17 4/13/17 18,000.000 6,000.000 6,000.000 101.223 101.647 101.223 101.647 101.671 102.056 99.993 99.993 99.993 18,220.09 18,296.48 6,073.36 6,098.82 6,100.23 6,123.37 18,117.35 6,039.11 6,039.11 (179.13) (59.71) (84.26) ST ST ST H H H 4/17/17 12,000.000 100.903 202.710 99.993 12,108.36 24,325.19 12,078.23 (12,246.96)ST 4/17/17 24,000.000 100.883 101.337 99.993 24,211.92 24,320.81 24,156.46 (164.35)ST 4/17/17 48,000.000 100.930 101.505 99.993 48,512.24 48,722.39 48,312.93 (409.46)ST 4/17/17 24,000.000 100.905 101.482 99.993 24,250.14 24,355.73 24,156.46 (199.27)ST 4/17/17 18,000.000 100.903 101.480 99.993 18,187.24 18,266.46 18,117.35 (149.11)ST Total 156,000.000 157,663.58 170,509.25 157,017.04 (13,492.25)ST 196.00 90.09 0.12 Int. Semi-Annually Apr/Oct 15; Factor 1.00659000; Moody AAA; Issued 04/15/17; Current Face 157,028.040; Basis Adjustment Due to Wash Sale: $86.42; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.750%; Matures 05/31/2022; CUSIP 912828XR6 5/31/17 6/2/17 6/6/17 75,000.000 150,000.000 150,000.000 99.996 99.996 100.145 100.136 100.176 100.165 99.348 99.348 99.348 74,997.30 74,997.30 150,217.35 150,203.83 150,264.15 150,247.98 74,511.00 149,022.00 149,022.00 (486.30) (1,181.83) (1,225.98) ST ST ST Total 375,000.000 375,478.80 375,449.11 372,555.00 (2,894.11)ST 6,563.00 2,187.50 1.76 Int. Semi-Annually May/Nov 30; Yield to Maturity 1.896%; Moody AAA; Issued 05/31/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.750%; Matures 06/30/2022; CUSIP 912828XW5 7/5/17 7/25/17 150,000.000 150,000.000 99.223 99.223 99.450 99.450 99.270 99.270 148,834.50 148,834.50 149,174.40 149,174.40 148,905.00 148,905.00 70.50 (269.40) ST ST 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 20 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % Total 300,000.000 298,008.90 298,008.90 297,810.00 (198.90)ST 5,250.00 1,312.50 1.76 Int. Semi-Annually Jun/Dec 31; Yield to Maturity 1.911%; Moody AAA; Issued 06/30/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.875%; Matures 07/31/2022; CUSIP 9128282P4 8/28/17 150,000.000 100.590 100.580 99.781 150,885.30 150,869.78 149,671.50 (1,198.28)ST 2,813.00 466.20 1.87 Int. Semi-Annually Jan/Jul 31; Yield to Maturity 1.922%; Moody AAA; Issued 07/31/17; Asset Class: FI & Pref UNITED STATES TREASURY NOTE Coupon Rate 1.875%; Matures 09/30/2022; CUSIP 9128282W9 9/29/17 125,000.000 99.821 99.821 99.382 124,775.75 124,775.75 124,227.50 (548.25)ST 2,344.00 — 1.88 Int. Semi-Annually Mar/Sep 31; Yield to Maturity 2.005%; Issued 09/30/17; Asset Class: FI & Pref TREASURY SECURITIES 10,110,000.000 $10,107,534.61 $10,117,724.30 $10,082,162.74 $(35,561.60)ST $115,409.00 $24,011.47 1.14% FEDERAL AGENCIES Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % FEDERAL NATIONAL MTG ASSN POOL AN5056 Coupon Rate 2.590%; Matures 04/01/2021; CUSIP 3138LHTN4 3/27/17 95,000.000 $101.438 $101.438 $101.528 $96,365.63 $95,862.52 $95,948.04 $85.52 ST $2,448.00 $197.17 2.55 Interest Paid Monthly Apr 01; Yield to Maturity 2.135%; Factor .99477916; Issued 04/01/17; Current Face 94,504.020; Asset Class: FI & Pref FEDERAL NATIONAL MTG ASSN POOL AN5051 Coupon Rate 2.550%; Matures 11/01/2021; CUSIP 3138LHTH7 3/27/17 80,000.000 101.125 101.125 101.463 80,900.00 80,459.93 80,728.86 268.93 ST 2,029.00 163.43 2.51 Interest Paid Monthly Apr 01; Yield to Maturity 2.174%; Factor .99456037; Issued 04/01/17; Current Face 79,564.830; Asset Class: FI & Pref FNMA 7 YR BALLOON AN5495 Coupon Rate 2.300%; Matures 01/01/2022; CUSIP 3138LJC99 4/13/17 220,000.000 100.609 100.609 100.485 221,340.63 220,319.09 220,046.71 (272.38)ST 5,037.00 405.73 2.28 Interest Paid Monthly May 01; Yield to Maturity 2.180%; Factor .99538474; Issued 05/01/17; Current Face 218,984.643; Asset Class: FI & Pref FNMA 7 YR BALLOON AN5496 Coupon Rate 2.300%; Matures 01/01/2022; CUSIP 3138LJDA5 4/13/17 100,000.000 100.609 100.609 100.485 100,609.38 100,145.04 100,021.23 (123.81)ST 2,289.00 184.42 2.28 Interest Paid Monthly May 01; Yield to Maturity 2.180%; Factor .99538474; Issued 05/01/17; Current Face 99,538.474; Asset Class: FI & Pref FNMA 7 YR BALLOON AL8938 Coupon Rate 2.760%; Matures 04/01/2022; CUSIP 3138ET4Y9 8/11/17 67,514.000 102.852 102.852 102.283 68,263.87 63,235.25 62,885.65 (349.60)ST 1,697.00 136.69 2.69 Interest Paid Monthly Aug 01; Yield to Maturity 2.224%; Factor .91065595; Issued 08/01/16; Current Face 61,482.026; Asset Class: FI & Pref FNA 2017-M5 FA Coupon Rate 1.775%; Matures 04/25/2024; CUSIP 3136AWWC7 5/9/17 60,000.000 99.901 99.901 100.117 59,940.60 59,769.81 59,899.04 129.23 ST 1,062.00 85.57 1.77 Interest Paid Monthly Sep 25; Yield to Maturity 1.756%; Floater; Factor .99715070; Issued 05/01/17; Current Face 59,829.042; Asset Class: FI & Pref FEDL NATL MTG ASSOC 10 YR POOL MA3107 Coupon Rate 2.500%; Matures 08/01/2027; CUSIP 31418CNZ3 9/6/17 160,000.000 101.891 101.891 101.159 158,508.01 158,508.01 157,369.88 (1,138.13)ST 3,889.00 313.29 2.47 Interest Paid Monthly Jul 01; Yield to Maturity 2.367%; Factor .97229292; Issued 07/01/17; Current Face 155,566.867; Asset Class: FI & Pref Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 21 of 26 Security Description Trade Date Face Value Orig Unit Cost Adj Unit Cost Unit Price Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % FEDL NATL MTG ASSOC 10 YR POOL MA3131 Coupon Rate 3.000%; Matures 08/01/2027; CUSIP 31418CPR9 9/6/17 320,000.000 103.563 103.563 102.980 327,269.79 327,269.79 325,429.02 (1,840.77)ST 9,480.00 131.67 2.91 Interest Paid Monthly Aug 01; Yield to Maturity 2.654%; Factor .98753709; Issued 08/01/17; Current Face 316,011.869; Asset Class: FI & Pref FEDERAL AGENCIES 1,102,514.000 $1,113,197.91 $1,105,569.44 $1,102,328.43 $(3,241.01)ST $27,931.00 $1,617.97 2.53% Percentage of Holdings Face Value Orig Total Cost Adj Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % GOVERNMENT SECURITIES 11,212,514.000 $11,220,732.52 $11,223,293.74 $11,184,491.17 $(38,802.61)ST $143,340.00 $25,629.44 1.28% TOTAL GOVERNMENT SECURITIES (includes accrued interest) 69.11%$11,210,120.61 Percentage of Holdings Total Cost Market Value Unrealized Gain/(Loss) Est Ann Income Accrued Interest Current Yield % TOTAL VALUE $16,104,059.73 $16,158,468.45 $(28,325.33)ST $287,013.00 $62,573.88 1.77% TOTAL VALUE (includes accrued interest)100.00%$16,221,042.33 Unrealized Gain/(Loss) totals only reflect positions that have both cost basis and market value information available. Cash, MMF, Deposits and positions stating 'Please Provide' or 'Pending Corporate Actions' are not included. H - Wash sale rules apply to this tax lot. The cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. The aggregate amount of the basis adjustment is identified in italics under the Security Description. ALLOCATION OF ASSETS (^includes accrued interest) Cash Equities Fixed Income & Preferred Securities Alternatives Annuities & Insurance Structured Investments Other Cash, BDP, MMFs $82,734.00 —————— Corporate Fixed Income^——$4,928,187.72 ———— Government Securities^——11,210,120.61 ———— TOTAL ALLOCATION OF ASSETS^$82,734.00 —$16,138,308.33 ———— 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 22 of 26 ACTIVITY INVESTMENT RELATED ACTIVITY PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) 9/5 9/7 Bought JOHN DEER CAPITAL 2375 20JL14 ACTED AS AGENT ACCRUED INTEREST 139.86 40,000.000 $101.6360 $(40,794.26) 9/5 9/7 Bought CATERPILLAR FINL 1850 20SP04 ACTED AS AGENT 10,000.000 99.9160 (9,991.60) 9/6 9/8 Bought DUKE ENERGY PROGR 1497 20SP08 ACTED AS AGENT a/o 09/05/17 10,000.000 100.0000 (10,000.00) 9/8 9/7 Sold US TSY NOTE 1125 19JA31 ACTED AS AGENT ACCRUED INTEREST 377.55 a/o 09/06/17 325,000.000 99.8122 324,767.20 9/8 9/7 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT ACCRUED INTEREST 62.50 a/o 09/06/17 100,000.000 99.9489 100,011.40 9/8 9/7 Sold US TSY NOTE 1750 22MY31 ACTED AS AGENT ACCRUED INTEREST 355.02 a/o 09/06/17 75,000.000 100.3629 75,627.20 9/8 9/8 Sold ENTERGY ARKANSAS 3750 *21FB15 ACTED AS AGENT ACCRUED INTEREST 43.12 a/o 09/06/17 18,000.000 106.2330 19,165.06 9/8 9/18 Bought FNMA 10YR MA3131 3000 27AU01 ACTED AS AGENT ACCRUED INTEREST 447.68 a/o 09/06/17 320,000.000 103.5625 (327,717.47) 9/8 9/18 Bought FNMA 10YR MA3107 2500 27AU01 ACTED AS AGENT ACCRUED INTEREST 183.66 a/o 09/06/17 160,000.000 101.8906 (158,691.67) 9/15 9/21 Bought GILEAD SCIENCE IN 1850 19SP20 ACTED AS AGENT a/o 09/14/17 5,000.000 99.9650 (4,998.25) 9/18 9/19 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT ACCRUED INTEREST 71.33 75,000.000 99.9489 75,033.01 9/18 9/19 Bought MAXIM INTEGRATED 2500 18NV15 ACTED AS AGENT ACCRUED INTEREST 344.44 40,000.000 100.6580 (40,607.64) 9/19 9/21 Sold SIMON PPTY GRP LP 2200 *19FB01 ACTED AS AGENT ACCRUED INTEREST 76.39 25,000.000 100.6610 25,241.64 9/27 9/28 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT ACCRUED INTEREST 179.35 150,000.000 99.9606 150,120.25 9/27 9/28 Bought US TSY NOTE 1375 20SP15 ACTED AS AGENT ACCRUED INTEREST 74.07 150,000.000 99.3636 (149,119.47) 9/29 9/29 Redemption NTHN STATES PWR 5250 18MH01 REDEMPTION OF CALLED BOND CUSIP: 665772CD9 45,000.000 101.5751 45,708.79 9/29 10/2 Sold US TSY NOTE 1000 18FB15 ACTED AS AGENT ACCRUED INTEREST 84.78 65,000.000 99.9567 65,056.64 9/29 10/2 Bought US TSY NOTE 1875 22SP30 ACTED AS AGENT ACCRUED INTEREST 12.88 125,000.000 99.8206 (124,788.63) Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 23 of 26 PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS (CONTINUED) Activity Date Settlement Date Activity Type Description Comments Quantity Price Credits/(Debits) TOTAL PURCHASES, DIVIDEND REINVESTMENTS, SALES AND REDEMPTIONS $14,022.20 TOTAL PURCHASES $(866,708.99) TOTAL SALES AND REDEMPTIONS $880,731.19 Purchase and Sale transactions above may have received an average price execution. Details regarding the actual prices are available upon request. UNSETTLED PURCHASES/SALES ACTIVITY Activity Date Settlement Date Activity Type Description Comments Quantity Price Pending Credits/(Debits) 9/29 10/2 Sold US TSY NOTE 1000 18FB15 UNSETTLED SALE 65,000.000 $99.9567 $65,056.64 9/29 10/2 Bought US TSY NOTE 1875 22SP30 UNSETTLED PURCHASE 125,000.000 99.8206 (124,788.63) NET UNSETTLED PURCHASES/SALES $(59,731.99) This section displays transactions that have not settled during this statement period. The Holdings section includes positions purchased and omits positions sold or sold short as of the trade-date. The unit/share price for unsettled fixed income new issues in the Holdings section may be approximate in advance of active market pricing or pricing from third party pricing services. RETURN OF PRINCIPAL Activity Date Activity Type Description Comments Credits/(Debits) 9/25 Return of Principal FNMA 7BL AL8938 2760 22AP01 CUSIP: 3138ET4Y9 $4,889.20 9/25 Return of Principal FNMA 7BL AN5495 2300 22JA01 CUSIP: 3138LJC99 248.10 9/25 Return of Principal FNMA 7BL AN5496 2300 22JA01 CUSIP: 3138LJDA5 112.77 9/25 Return of Principal FNMA POOL AN5056 2590 21AP01 CUSIP: 3138LHTN4 94.45 9/25 Return of Principal FNMA POOL AN5051 2550 21NV01 CUSIP: 3138LHTH7 83.21 9/25 Return of Principal FNA 2017-M5 FA 1775 24APRG CUSIP: 3136AWWC7 41.16 TOTAL RETURN OF PRINCIPAL $5,468.89 TAXABLE INCOME AND DISTRIBUTIONS Activity Date Activity Type Description Comments Credits/(Debits) 9/1 Interest Income PRINCETON UNIV 4950 19MH01 CUSIP: 89837LAA3 $1,237.50 9/1 Interest Income NTHN STATES PWR 5250 18MH01 CUSIP: 665772CD9 1,181.25 9/1 Interest Income PECO ENERGY CO 5350 18MH01 CUSIP: 693304AL1 856.00 9/1 Interest Income ROCK-TENN COMPANY 4450 19MH01 CUSIP: 772739AJ7 689.75 9/1 Interest Income ROCKWELL AUTOMATI 2050 *20MH01 CUSIP: 773903AF6 563.75 9/1 Interest Income GILEAD SCIENCES I 2550 20SP01 CUSIP: 375558BB8 510.00 9/5 Interest Income THE WALT DISNEY C 1950 20MH04 CUSIP: 25468PDP8 385.67 9/5 Interest Income AMERICAN EXPRESS 2200 *20MH03 CUSIP: 0258M0EE5 220.00 9/7 Interest Income STATE STREET CORP 4375 21MH07 CUSIP: 857477AG8 656.25 9/8 Interest Income MORGAN STANLEY PRIVATE BANK NA 0.17 9/11 Interest Income JPMORGAN CHASE 17710 21MH09 CUSIP: 46647PAC0 184.97 9/15 Interest Income BURLINGTN NORTH 3450 *21SP15 CUSIP: 12189LAF8 1,035.00 9/15 Interest Income MIDAMERICAN ENER 5300 18MH15 CUSIP: 595620AH8 927.50 9/15 Interest Income GOLDMAN SACHS 5375 20MH15 CUSIP: 38141EA58 806.25 9/15 Interest Income LOCKHEED MARTIN 3350 21SP15 CUSIP: 539830AY5 586.25 9/15 Interest Income VERIZON CMMNCTNS 4500 20SP15 CUSIP: 92343VBQ6 450.00 9/15 Interest Income MIDAMERICAN 2400 *19MH15 CUSIP: 595620AJ4 300.00 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 24 of 26 TAXABLE INCOME AND DISTRIBUTIONS (CONTINUED) Activity Date Activity Type Description Comments Credits/(Debits) 9/18 Interest Income OVERSEAS PRIVATE 00000 18MH17 CUSIP: 690353T31 1,500.00 9/19 Interest Income-Adj OVERSEAS PRIVATE 00000 18MH17 REVERSE INTEREST PAYMENT CUSIP: 690353T31 (1,500.00) 9/20 Interest Income EATON CORP 6950 19MH20 CUSIP: 278058DH2 1,390.00 9/22 Interest Income CATERPILLAR 1900 19MH22 CUSIP: 14912L6W6 283.42 9/25 Interest Income JP MORGAN CHASE 4950 20MH25 CUSIP: 46625HHQ6 742.50 9/25 Interest Income FNMA 7BL AN5495 2300 22JA01 CUSIP: 3138LJC99 434.20 9/25 Interest Income FNMA POOL AN5056 2590 21AP01 CUSIP: 3138LHTN4 210.98 9/25 Interest Income FNMA 7BL AN5496 2300 22JA01 CUSIP: 3138LJDA5 197.36 9/25 Interest Income FNMA POOL AN5051 2550 21NV01 CUSIP: 3138LHTH7 174.89 9/25 Interest Income FNMA 7BL AL8938 2760 22AP01 CUSIP: 3138ET4Y9 157.79 9/25 Interest Income FNA 2017-M5 FA 1775 24APRG CUSIP: 3136AWWC7 88.59 9/27 Miscellaneous Income FNMA 7BL AL8938 2760 22AP01 MISCELLANEOUS PAYMENT 219.29 9/29 Interest Income-Adj NTHN STATES PWR 5250 18MH01 ACCRUED BOND INTEREST CUSIP: 665772CD9 183.75 9/29 Interest Income MORGAN STANLEY PRIVATE BANK NA (Period 09/01-09/30) 3.03 9/29 Interest Income MORGAN STANLEY BANK N.A. (Period 09/11-09/30) 2.14 TOTAL TAXABLE INCOME AND DISTRIBUTIONS $14,678.25 TOTAL INTEREST $14,458.96 TOTAL OTHER INCOME AND DISTRIBUTIONS $219.29 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY Activity Date Activity Type Description Credits/(Debits) 9/1 Automatic Investment BANK DEPOSIT PROGRAM $5,038.25 9/5 Automatic Investment BANK DEPOSIT PROGRAM 605.67 9/7 Automatic Redemption BANK DEPOSIT PROGRAM (50,129.61) 9/8 Automatic Redemption BANK DEPOSIT PROGRAM (4,078.97) 9/11 Automatic Investment BANK DEPOSIT PROGRAM 513,834.97 9/15 Automatic Investment BANK DEPOSIT PROGRAM 4,105.00 9/18 Automatic Redemption BANK DEPOSIT PROGRAM (484,909.14) 9/20 Automatic Investment BANK DEPOSIT PROGRAM 34,315.37 9/22 Automatic Investment BANK DEPOSIT PROGRAM 20,526.81 9/25 Automatic Investment BANK DEPOSIT PROGRAM 6,299.98 9/26 Automatic Investment BANK DEPOSIT PROGRAM 1,175.22 9/28 Automatic Investment BANK DEPOSIT PROGRAM 219.29 9/29 Automatic Investment BANK DEPOSIT PROGRAM 46,709.56 9/29 Automatic Investment BANK DEPOSIT PROGRAM 3.03 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 25 of 26 MONEY MARKET FUND (MMF) AND BANK DEPOSIT PROGRAM ACTIVITY (CONTINUED) Activity Date Activity Type Description Credits/(Debits) 9/29 Automatic Investment BANK DEPOSIT PROGRAM 2.14 NET ACTIVITY FOR PERIOD $93,717.57 REALIZED GAIN/(LOSS) DETAIL SHORT-TERM GAIN/(LOSS) Security Description Date Acquired Date Sold Quantity Sales Proceeds Orig / Adj Total Cost Realized Gain/(Loss)Comments ENTERGY ARKANSAS 3 3/4 2-15-21 02/01/17 09/06/17 18,000.000 $19,121.94 $18,767.63 $354.31 FNA 2017-M5 FA 1.775 4-25-24 05/09/17 09/25/17 41.160 41.16 41.12 0.04 FNMA 7BL AL8938 2.760 4-01-22 08/11/17 09/25/17 4,889.200 4,889.20 5,028.62 (139.42) FNMA 7BL AN5495 2.300 1-01-22 04/13/17 09/25/17 248.100 248.10 249.61 (1.51) FNMA 7BL AN5496 2.300 1-01-22 04/13/17 09/25/17 112.770 112.77 113.46 (0.69) FNMA POOL AN5051 2.550 11-01-21 03/27/17 09/25/17 83.210 83.21 84.15 (0.94) FNMA POOL AN5056 2.590 4-01-21 03/27/17 09/25/17 94.450 94.45 95.81 (1.36) NTHN STATES PWR 5 1/4 3-01-18 03/03/17 09/29/17 45,000.000 45,708.79 45,708.79 0.00 SIMON PPTY GRP LP 2.200 2-01-19 02/03/17 09/19/17 25,000.000 25,165.25 25,151.78 13.47 US TSY NOTE 1 1/8 1-31-19 01/31/17 09/06/17 325,000.000 324,389.65 324,531.09 (141.44) US TSY NOTE 1 3/4 5-31-22 05/31/17 09/06/17 75,000.000 75,272.18 74,997.30 274.88 US TSY NOTE 1.000 2-15-18 01/31/17 09/06/17 100,000.000 99,948.90 100,054.58 (105.68) 01/31/17 09/18/17 75,000.000 74,961.68 75,037.88 (76.20) 01/31/17 09/27/17 150,000.000 149,940.90 150,071.19 (130.29) 01/31/17 09/29/17 65,000.000 64,971.86 65,030.03 (58.17) US TSY NOTE TIIN 1/8 4-15-22 04/13/17 04/17/17 18,000.000 18,162.90 18,199.35 (36.45)W 04/13/17 04/17/17 6,000.000 6,054.30 6,066.45 (12.15)> 04/13/17 04/17/17 6,000.000 6,054.30 6,066.45 (12.15)W Disallowed Loss Based On Wash Sale: $86.42; Basis Adjustment Due To Wash Sale: $25.67 Short-Term This Period $884,950.04 $884,963.04 $(13.00) Short-Term Year to Date $9,408,387.83 $9,403,992.72 $4,395.11 Net Realized Gain/(Loss) This Period $884,950.04 $884,963.04 $(13.00) Net Realized Gain/(Loss) Year to Date $21,012,374.05 $21,087,903.71 $(75,548.42) 00 4 8 9 2 M S A D D 2 4 1 Account Detail CLIENT STATEMENT For the Period September 1-30, 2017 Consulting and Evaluation Services Active Assets Account 660-110000-095 CITY OF ATLANTIC BEACH C/O RUSSELL CAFFEY Page 26 of 26 Disallowed Loss Based On Wash Sale Year to Date: $112.09 Treasury regulations require that we report on Form 1099-B a) adjusted cost basis on the sale of covered securities acquired on or after 1/1/11 (or the applicable date for the type of security), b) the gain or loss as either long-term or short-term, and c) basis adjustments on covered securities due to wash sales, certain corporate actions and transfers by gift or inheritance. This section may not reflect all the basis adjustments required when filing your tax return. Refer to the Expanded Disclosures. H, W, > - The wash sale rule applies to this tax lot. For lots noted with an “H,” the cost basis and acquisition date (trade date) have been adjusted to account for disallowed loss of a related wash sale transaction. For lots noted with a “W,” the disallowed loss on covered securities will be reported on Form 1099-B for the current tax year. The aggregate basis adjustment and the disallowed loss amount are identified in italics under the Security Description. Net Realized Gain/(Loss) for “This Period” and “Year to Date” includes disallowed loss. For lots noted with a “>,” both “H” and “W” apply. MESSAGES Consolidated Statement of Financial Condition (in millions of dollars): At June 30, 2017 Morgan Stanley Smith Barney LLC had net capital of $2,288 which exceeded the Securities and Exchange Commission's minimum requirement by $2,131. 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