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Home My WebLink About2025/10/28Mason County Finance Committee Report 2025 3rd Quarter (July - September) Submitted October 28, 2025 1 Mason County Finance Committee Brittany Pearson, Mason County Treasurer Steve Duenkel, Mason County Auditor Sharon Trask, Mason County Commissioner RCW 36.48.070 County finance committee —Approval of investment policy and debt policy — Rules. The county treasurer, the county auditor, and the chair of the county legislative authority, ex officio, shall constitute the county finance committee. The county treasurer shall act as chair of the committee and the county auditor as secretary thereof. The committee shall keep a full and complete record of all its proceedings in appropriate books of record and all such records and all correspondence relating to the committee shall be kept in the office of the county auditor and shall be open to public inspection. The committee shall approve a county investment policy and a debt policy and shall make appropriate rules and regulations for the carrying out of the provisions of RCW 36.48.010 through 36.48.060, not inconsistent with law. $35,000,000.00 $30,000,000.00 $25,000,000,00 $20,000,000.00 $15,000,000.00 $10,000,000.00 $5,000,000.00 $(5,000,000.00) 36.48.010 36.48.040 36.48.050 36.48.060 Depositaries to be designated by treasurer. Depositaries to be designated by treasurer -- Deposited funds deemed in county treasury. Depositaries to be designated by treasurer -- Treasurer's liability and bond additional. Definition -- "Financial institution." Current Expense Ending Cash Balance 1,1111111 ILIi. March 2025 - March 2024- June 2024 - lune 2024 - June 2023- September September September December December December December December December 2024 2023 2025 2023 2022 2024-2025 2024 -2023 2023 -2022 2024 - 2023 2023 - 2022 2022 - 2021 2021-2020 2020 - 2019 2019 -2018 ■ Current Vear Cash Balance $24,317,261. $25,804,027. $26,142,265. $28,868,629. $29,301,414. $24,005,382. $27,124,322. $28,296,767. $26,703,842. $27,361,801. $26,497,166. $21,535,957, $16,105,604. $12,076,320. • Prior Year Cash Balance $25,804,027. $25,415,093. $28,868,629. $29,301,414. $26,471,237. $27,124,322. $28,296,767. $25,256,375. $26,497,166. $26,497,166. $21,535,957. $16,105,604. $12,076,320. $7,833,676.5 Difference $(1,486,765. $388,933.80 $(2,726,363. $(432,785.16 $2,830,176.9 $(3,118,940. $(1,172,444. $3,040,391.8 $206,675.83 $864,635.54 $4,961,209.2 $5,430,352.6 S4,029,284.4 54,242,643,6 GENERAL FUND RESERVE AND CONTINGENCY POLICY 2021-034 Year 2024 Expenditures Percentage Policy Balance 9/30/2025 Difference Less Reserves Reserve Deficit General Operating 2025 $ 48,917,407.00 15% $ 7,337,611.05 $ 24,005,382.09 $ 16,667,771.04 $ 8,767,771.04 General Operating 2025 $ 48,917,407.00 20% $ 9,783,481.40 $ 24,005,382.09 $ 14,221,900.69 $ 6,321,900.69 $(3,461,580.71) General Operating 2025 $ 48,917,407.00 25% $ 12,229,351.75 $ 24,005,382.09 $ 11,776,030.34 $ 3,876,030.34 $(8,353,321.41) * Reserves 2025 Contingency Reserve Technology Replacement Reserve Equipment & Vehicle Replacement Reserve Accrued Leave Reserve Capital Reserve Total Reserves $ 1,000,000.00 $ 400,000.00 $ 1,000,000.00 $ 500,000.00 $ 5,000,000.00 $ 7,900,000.00 *Reserve Defcit Explanation This report is a picture in time only.... The Reserve Deficit is the the result of subtracting the Less Reserves Column against the Policy Balances. It is a budgetary issue and not necessarily a cash flow issue unless those reserves budget for expeniture. Commissioners should consider changes to the General Fund Reserve and Contingency Policy to preserve a .00 Reserve Deficit. TREASURER'S REGULAR CHECKING ACCOUNT COLUMBIA BANK IMPREST ACCOUNTS BANK DEPOSIT IN TRANSIT EREETA IN TRANSIT TREASURER'S INVESTED FUNDS TOTAL (see breakdown below) w INVESTMENT PORTFOLIO FEDERAL HOME LOAN BANK (FHLB) FEDERAL FARM CREDIT (FFCB) FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) FEDERAL HOME LOAN MORTGAGE COMPANY (FHLMC) MUNICIPLE BONDS US TREASURIES (TREAS DAILY CASH) WA STATE LGIP (CO DEPARTMENTS/TAXING DISTRICTS) WA STATE LGIP SAVINGS CERTIFICATE OF DEPOSIT REGISTERED WARRANTS BENCHMARK: 90 Day T-Bill Rate Savings State Pool Rate Market Rate Yield Agency/Treasury HISTORIC LGIP POOL RATES HISTORICAL FEDERAL RESERVE RATES CASH & INVESTMENTS $ 16,704,137.95 $ 67,425.00 $ 735,176.08 $ 94,788.00 $ 21 ,823,593.47 COST $ 280,823,593.47 $ 3,210,019.65 $ 3,714,055.54 $ 475,033 19 $ 393,065.86 $ 2,482,673.25 $ 3,183,677.20 $ 43,853,607.46 $ 223,511,461.32 $ - $ September 30, 2025 September 30, 2025 September 30, 2025 2020-2021 2022-2023 2024-2025 2021 2022 2023 2024 2025 9/30/2025 MARKET VALUE $ 281,128,753.68 $ 3,255,913.50 $ 3,729,434.20 $ 506,183.00 $ 409,303.40 $ 2,622,720.20 $ 3,240,130.60 $ 43,853,607.46 $ 223,511,461.32 9/30/2025 GAIN/LOSS PORTFOLIO % $ 305,160.21 100.00% Rating $ 45,893.85 1.14 % S&P AA+ $ 15,378.66 1.32% S&P AA+ $ 31,149.81 0.17% S&P AA+ $ 16,237.54 0.14% S&P AA+ $ 140,046.95 0.88% S&P A -/AA+ $ 56,453.40 1.13% Moody's Aaa $ 15.62% Not Rated $ 79.59% Not Rated $ 0.00% PDPC Approved $ 0.00% PDPC Approved $ 0.00% Debt Policy Approved 4.02% 4.29% 2.06 % 1.72% - .08 % .09% - 5.20% 5.20% - 4.29% .00%-.25% .07% - 4.33% 4.33% - 5.25% 5.25% - 4.5% 4.5%-4.25% INVESTMENT INTEREST COLLECTIONS YEAR BUDGETED COLLECTED DIFFERENCE 2020 $ 800,000.00 $ 436,545.18 $ (363,454.82) 2021 $ 500,000.00 $ 124,051.45 $ (375,948.55) 2022 $ 250,000.00 $ 733,774.76 $ 483,774.76 2023 $ 250,000.00 $ 2,552,376.58 $ 2,302,376.58 2024 $ 900,000.00 $ 2,576,832.55 $ 1,676,832.55 2025 as of September 30, 2025 $ 950,000.00 $ 1,708,732.20 $ 758,732.20 TREASURER'S BANKING COSTS* YEAR UMPQUA BANK BONY MELLON YEAR PD 12/1/2019 through 11/30/2020 $ - $ 2,595.00 2020 12/1/2020 through 11/30/2021 $ - $ 2,110.00 2021 12/1/2021 through 11/30/2022 $ - $ 3,168.00 2022 12/1/2022 through 11/30/2023 $ - $ 2,833.00 2023 12/1/2023 through 11/30/2024 $ - $ 6,451.00 2024 12/1/2024 through 9/30/2025 $ - $ 4,154.00 2025 Mason County Treasurer keeps a compensating balance of approximately $8 million with Umpqua Bank to offset banking fees 3 Mason County Treasurer's Office Mason County Debt Payments January 1, 2025 - September 30, 2025 'Most debt payments have interest payments June 1st and principal payments December 1st annually BONDS 8 LOANS - MASON COUNTY Transaction date Num Memo/Description Amount Balance Outstanding Balance January 1, 2025 $ 16,860,197.51 BELFAIR SEWER EXT-DEPT OF COMMERCE $ 2,434,433.28 Total for BELFAIR SEWER EXT-DEPT OF COMMERCE 05/30/2025 WIRE M-111517 BELFAIR SEWER EXT DEPT OF COMMERCE $ (162,295.55) $ 2,272,137.73 MAS0144-2-1 PUBLIC WKS BD FUND $ 2,760,000.00 Total for MAS0144-2-1 PUBLIC WKS BD FUND 05/30/2025 wire $69.000.00 M-111522 $ (875,000.00) $ 1,885,000.00 Mason County LTGO 2013 B -Jail $ 790,000.00 Total for Mason County LTGO 2013 B - Jail 05/30/2025 WIRE $22,605.85 M-111522 $ 790,000.00 MASON COUNTY LTGO 2020A REF BD Total for MASON COUNTY LTGO 2020A REF BD 05/30/2025 CHECK $39887.79 M-111541 $ 4,091,055.00 $ 4,091,055.00 MASON COUNTY LTGO 2020B REF BD $ 1,045,230.00 Total for MASON COUNTY LTGO 2020B REF BD 05/30/2025 WIRE $13,316.89 M-111521 INTEREST $ 1,045,230.00 MASON COUNTY LTGO 2021 REF BD $ 1,959,150.00 Total for MASON COUNTY LTGO 2021 REF BD 05/30/2025 WIRE $15,673.20 M-111520 INTEREST $ 1,959,150.00 N Bay/Case Inlet LTGO REF 2017 3,530,000.00 Total for N Bay/Case Inlet LTGO REF 2017 05/30/2025 WIRE $64087.50 M-111522 $ 3,530,000.00 WATER METER BEARDS COVE '18A $ 151,068.00 Total for WATER METER BEARDS COVE '18A 06/13/2025 WIRE $2,077.00 M-111921 (1,358.00) $ 149,710.00 WATER METER BEARDS COVE '19 02/05/2025 WIRE M-108454 $1,550.96 Total for WATER METER BEARDS COVE '19 08/05/2025 WIRE M-113275 $1,538.28 Accrual Basis Thursday, October 09, 2025 10:35 PM GMTZ $ 99,261.23 (811.04) $ 98,450.19 (823.72) $ 97,626.47 $ (1,040,288.31) $15,819,909.20 Mason County Treasurer Brittany Pearson PO Box 429, 411 N 5th Street Shelton, WA 98584 360-427-9670 ext 479 Financial Statement September 2025 001.000000.000.000 CURRENT EXPENSE FUND Beginning Cash Balance Tax Collections Accounts Receivable/Mist Receipts Transfers In Total Revenue Accounts Payable/Warrants Transfers Out Ending Cash Balance 9/1/2025 9/30/2025 $192,419.48 $2,896,106.65 $0.00 $3,088,526.13 $3,432,008.22 $0.00 Total Expense $3,432,008.22 Investment Activity Beginning Investments Balance Investments Acquired Investments Sold Ending Investments Balance $0.00 $0.00 $0.00 $0.00 $24,348,864.18 $24,005,382.09 Total Cash and investments $24,005,382.09 10/1/2025 8:11:38 PM Mason County Treasurer Brittany Pearson PO Box 429, 411 N 5th Street Shelton, WA 98584 360-427-9670 ext 479 Financial Statement September 2025 800.000000.000.000 TREASURER'SDAILY CASH Beginning Cash Balance Tax Collections Accounts Receivable/Mist Receipts Transfers In Total Revenue Accounts Payable/Warrants Transfers Out Ending Cash Balance 9/1/2025 9/30/2025 $0.00 $0.00 -$15,825,928.94 $15,825,928.94 $0.00 $17,997,449.37 Total Expense $17,997,449.37 Investment Activity Beginning Investments Balance Investments Acquired Investments Sold Ending Investments Balance $55,140,611.72 -' $17,997,449.37' $15,825,928.94 $57,312,132.15 -$28,155,577.76 -$30,327,098.19 Total Cash and Investments $26,985,033.96 10/1/2025 8:11:38 PM Investment Statement Balance Sheet Date: 9/30/2025 Local Government Investment Pool (LGIP) Statement Treasurer's Cash Sheet Investments LGIP Investments Difference $ 268,308,663.43 $ 267,365,068.78 $ (943,594.65) Difference: September Investment Interest Earned Balanced by: HB State of Washington Date: 10/01/2025 6:21 am Local Government Investment Pool Statement of Account for No: 10230 Primary Account September 2025 Treasury Management System ReportlD: LgipStatement Page 1 of 2 TREASURER MASON COUNTY PO BOX 429 SHELTON, WA 98584-8584 43,853,607.46 +223,511,461.32 =267,365,068.78 Date Description Comment Deposits Withdrawals Balance 09/01/2025 Beginning Balance 09/03/2025 Deposit 09/04/2025 Withdrawal 09/05/2025 Withdrawal 09/08/2025 Withdrawal 09/09/2025 Withdrawal 09/10/2025 Withdrawal 09/12/2025 Withdrawal 09/15/2025 Deposit 09/17/2025 Withdrawal 09/18/2025 Withdrawal 09/22/2025 Deposit 09/23/2025 Deposit 09/24/2025 Withdrawal 09/26/2025 Withdrawal 09/29/2025 Withdrawal 09/30/2025 Deposit 09/30/2025 Month End Balance September Earnings Net Ending Balance Daily Factor Earnings 271,223,068.78 4,000,000.00 275,223,068.78 1,000,000.00 274,223,068.78 1,863,000.00 272,360,068.78 975,000.00 271,385,068.78 1,700,000.00 269,685,068.78 2,625,000.00 267,060,068.78 328,000.00 266,732,068.78 1,200,000.00 267,932,068.78 724,000.00 267,208,068.78 3,630,000.00 263,578,068.78 1,300,000.00 264,878,068.78 950,000.00 265,828,068.78 763,000.00 265,065,068.78 700,000.00 264,365,068.78 2,000,000.00 262,365,068.78 5,000,000.00 267,365,068.78 267,365,068.78 943,594.65 268,308,663.43 Account Summary Beginning Balance: 271,223,068.78 Gross Earnings: 945,003.28 Deposits: 12,450,000.00 Administrative Fee: 1,408.63 Withdrawals: 16,308,000.00 Net Earnings: 943,594.65 Month End Balance: 267,365,068.78 Administrative Fee Rate: 0.0064 % Net Ending Balance: 268,308,663.43 Gross Earnings Rate: 4.2979 % Net Earnings Rate: 4.2915 % Average Daily Balance: 267,513,502.11 WASHINGTON STATE LOCAL GOVERNMENT INVESTMENT POOL September 30, 2025 DAYS TO MATURITY 1 2-30 31-60 61-90 91-120 121-180 181-270 271-397 FRN/VRN PORTFOLIO TOTAL: * Amounts in millions of dollars $ MATURING (PAR VALUE)* 8,572.01 1,650.00 1,950.00 1,480.00 1,180.00 3,075.00 455.10 525.00 6,438.00 25,325.11 MATURING 33.8% 6.5% 7.7% 5.8% 4.7% 12.1% 1.8% 2.1% 25.4% CUMULATIVE MATURING 33.8% 40.4% 48.1% 53.9% 58.6% 70.7% 72.5% 74.6% 100.0% 10,000 8,000 6,000 c 4,000 0 2,000 0 LGIP MATURITY STRUCTURE 1 30 60 90 120 180 270 397 FRN/VRN Cumulative Maturities (%) 100% LGIP CUMULATIVE MATURITY STRUCTURE 80% 60% 40% 20% 0% I I 1 30 60 90 120 180 270 397 FRN/VRN Days to Maturity 1� Investment Type Agency Bullets Agency Discount Notes Agency Floating Rate Notes Agency Variable Rate Notes Certificates of Deposit IB Bank Deposit Repurchase Agreements SOFR Floating Rate Notes Supras - Bullets Supras - Discount Notes Supras- Floating Rate Notes Supras - Variables Term Repurchase Agreements U.S. Treasury Bills US Treasury Coupons US Treasury Floating Rate Notes Total Avg Daily Balance Avg Days to Maturity WASHINGTON STATE LOCAL GOVERNMENT INVESTMENT POOL September 30, 2025 Average Balance Sep-25 Sep-25 Percentage 0.00 824,633,292.42 6,238,129,393.47 0.00 120,000,000.00 4,690,613,737.39 4,226,333,333.33 0.00 0.00 0.00 0.00 0.00 193,333,333.33 8,224,663,990.23 99,814,567.23 199,986,609.02 0.00% 3.32% 25.14% 0.00% 0.48% 18.90% 17.03% 0.00% 0.00% 0.00% 0.00% 0.00% 0.78% 33.14% 0.40% 0.81% 24, 817, 508, 25 6.42 100.00% 39 days Average Balance CY 2025 0.00 517,331,136.93 5,829,411,230.78 0.00 127,067,765.57 4,779,909,657.42 5,375,172,161.16 0.00 56,476,213.37 197,498,736.67 0.00 0.00 734,432,234.43 7,650,589,493.32 24,221,634.73 488,155,714.46 25,780,265,978.84 2025 Percentage 0.00% 2.01% 22.61% 0.00% 0.49% 18.54% 20.85% 0.00% 0.22% 0.77% 0.00% 0.00% 2.85% 29.68% 0.09% 1.89% 100.00% 6.00 5.50 5.00 4.50 4.00 3.50 3.00 2.50 2.00 1.50 1.00 3 12 3 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, 0, <1 4) 4) h h 4) h h h w'L 4'L 4 ' i t1 ti 'L ��ti �00 e,c -4 t• so't t ,A 'L ao'L 0- �° O� >a' haw �a QQ �a� >o° > Q he 0 �o Oe >a Qa �a QQ �a LGIP NET RATE OF RETURN 5. 0 5.43 5.43 5.42 5.41 5.41 5.40 5.40 5.40 5.41 5.40 5.23 4.93 4.73 4.60 4.45 4.43 4.40 4.39 4.37 4.38 4.39 4.38 4_i s ® �...4 9 * Rates are calculated on a 365-day basis re Date From: 9/1/2025 to 9/30/2025 Investments Investments Account Description Beginning Balance Acquired Liquidated Ending Balance K FUND CASH IN INVESTMENTS 3,436,560.00 350,000.00 CASH IN INVESTMENTS 400,000.00 0.00 CASH IN INVESTMENTS 13,024,825.00 0.00 VE CASH IN INVESTMENTS 165,000.00 0.00 IOLDING FND CASH IN INVESTMENTS 115,679.53 0.00 SERVICES CASH IN INVESTMENTS 1,520,000.00 0.00 VIOLITION CASH IN INVESTMENTS 311,984.00 1,000.00 HNOLOGY CASH IN INVESTMENTS 64,517.07 1,500.00 CASH IN INVESTMENTS 3,383,478.00 0.00 CASH IN INVESTMENTS 127,100.00 0.00 IOTEL) CASH IN INVESTMENTS 2,167,000.00 50,000.00 CASH IN INVESTMENTS 2,293,242.11 150,000.00 D CASH IN INVESTMENTS 180,300.00 0.00 FUND CASH IN INVESTMENTS 309,189.00 0.00 VEEDS MGMT CASH IN INVESTMENTS 149,368.00 0.00 CASH IN INVESTMENTS 15,321.00 0.00 ['RIOT #1 CASH IN INVESTMENTS 12,862.62 0.00 OND '07 CASH IN INVESTMENTS 101,423.23 400.00 BOND CASH IN INVESTMENTS - POOL 175,668.95 0.00 ND CASH IN INVESTMENTS 267,939.77 1,000.00 (EMENTS CASH IN INVESTMENTS 2,813,972.29 130,000.00 'EMENTS CASH IN INVESTMENTS 6,951,658.00 180,000.00 ILL CASH IN INVESTMENTS 5,259,000.00 0.00 TY CASH IN INVESTMENTS 3,626,839.00 0.00 CASH IN INVESTMENTS 770,000.00 35,000.00 ECLAMATION CASH IN INVESTMENTS 4,752,640.98 0.00 _ CASH IN INVESTMENTS 449,110.00 1,500.00 ;EVOLVING CASH IN INVESTMENTS 5,847,000.00 440,000.00 CASH IN INVESTMENTS 122,000.00 0.00 ZVE FUND CASH IN INVESTMENTS 820,461.92 0.00 ZVE FUND CASH IN INVESTMENTS 416,925.00 0.00 UND CASH IN INVESTMENTS 267,801.10 0.00 WE FUND CASH IN INVESTMENTS 125,419.63 0.00 :NSE CASH IN INVESTMENTS - POOL 2,934,545.44 0.00 'UND CASH IN INVESTMENTS 6,002.09 0.00 !NSE FUND CASH IN INVESTMENTS 3,000.00 0.00 :RVE FUND CASH IN INVESTMENTS 5,185.69 0.00 FUND CASH IN INVESTMENTS 9,765.38 0.00 :RVE FUND CASH IN INVESTMENTS 2,131.03 0.00 0.00 0.00 1, 315, 000.00 0.00 0.00 100,000.00 0.00 0.00 140,000.00 0.00 0.00 0.00 15,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 25,000.00 10.00 58,000.00 0.00 225,000.00 0.00 0.00 0.00 496,294.12 0.00 0.00 0.00 0.00 0.00 3,786,560.00 400,000.00 11,709,825.00 165,000.00 115,679.53 1,420,000.00 312,984.00 66,017.07 3,243,478.00 127,100.00 2,217,000.00 2,443,242.11 165,300.00 309,189.00 149, 368.00 15, 321.00 12,862.62 101, 823.23 175,668.95 268,939.77 2,943,972.29 7,131,658.00 5,259,000.00 3,626,839.00 805,000.00 4,727,640.98 450,600.00 6,229,000.00 122,000.00 595,461.92 416,925.00 267, 801.10 125,419.63 2,438,251.32 6,002.09 3,000.00 5,185.69 9,765.38 2,131.03 Page 1 of 3 re Date From: 9/1/2025 to 9/30/2025 :RVE FUND CASH IN INVESTMENTS 233,210.00 823.41 0.00 234,033.41 :NSE FUND CASH IN INVESTMENTS 130,531.68 0.00 0.00 130,531.68 FUND CASH IN INVESTMENTS 136,665.44 0.00 0.00 136,665.44 :NSE FUND CASH IN INVESTMENTS 470,228.60 0.00 34,139.23 436,089.37 :RVE FUND CASH IN INVESTMENTS 177,364.89 625.77 0.00 177,990.66 FUND CASH IN INVESTMENTS 566,621.00 5,762.69 0.00 572,383.69 IT CASH IN INVESTMENTS 33,750,000.00 0.00 0.00 33,750,000.00 RIAL DEV CASH IN INVESTMENTS 50,226.96 0.00 0.00 50,226.96 SYSTEM CASH IN INVESTMENTS 55,749.50 19,012.50 0.00 74,762.00 CASH IN INVESTMENTS 200,000.00 0.00 0.00 200,000.00 CASH IN INVESTMENTS 143,836.62 0.00 0.00 143,836.62 APL. CONST. CASH IN INVESTMENTS 7,832.30 0.00 0.00 7,832.30 ID DEV CASH IN INVESTMENTS 99,000.00 0.00 0.00 99,000.00 CASH IN INVESTMENTS 318,836.50 0.00 0.00 318,836.50 CASH IN INVESTMENTS 14,267.45 938.47 0.00 15,205.92 FUND CASH IN INVESTMENTS 97,714,238.88 420,825.65 3,000,000.00 95,135,064.53 ES MED BEN CASH IN INVESTMENTS 71,699.98 253.14 0.00 71,953.12 1TION CASH IN INVESTMENTS 6,050,406.29 22,430.63 0.00 6,072,836.92 CASH IN INVESTMENTS 580,000.00 175,000.00 0.00 755,000.00 ;ENERAL CASH IN INVESTMENTS 154,819.29 0.00 40,000.00 114,819.29 PROJECT CASH IN INVESTMENTS 524.67 0.00 0.00 524.67 SERVICE CASH IN INVESTMENTS 74,166.60 0.00 0.00 74,166.60 ,SB CASH IN INVESTMENTS 1,683.69 0.00 0.00 1,683.69 .RANS VEHI CASH IN INVESTMENTS 100,216.95 0.00 0.00 100,216.95 ;ENERAL CASH IN INVESTMENTS 326,783.08 139,002.22 124,861.29 340,924.01 PROJECT CASH IN INVESTMENTS 137,417.22 0.00 43,333.70 94,083.52 )EBIT SERV CASH IN INVESTMENTS 676,709.08 12,718.49 0.00 689,427.57 ,SB FUND CASH IN INVESTMENTS 16,043.15 119.19 0.00 16,162.34 'RANS VEHI CASH IN INVESTMENTS 56,845.89 29,562.84 0.00 86,408.73 CY FUND CASH IN INVESTMENTS 253,918.98 0.00 5,441.06 248,477.92 T SERVICE CASH IN INVESTMENTS 1,002,222.35 0.00 0.00 1,002,222.35 ASB FUND CASH IN INVESTMENTS 331,868.38 0.00 0.00 331,868.38 NS VEHI CASH IN INVESTMENTS 65,967.54 0.00 0.00 65,967.54 GENERAL CASH IN INVESTMENTS 8,009,178.40 0.00 480,866.88 7,528,311.52 . PROJECT CASH IN INVESTMENTS 3,403,373.09 0.00 6,018.01 3,397,355.08 DEBIT SER CASH IN INVESTMENTS 712.86 2.51 0.00 715.37 ASB FUND CASH IN INVESTMENTS 47,131.32 0.00 4,074.92 43,056.40 NS VEHI CASH IN INVESTMENTS 359,968.16 1,601.39 0.00 361,569.55 GENERAL CASH IN INVESTMENTS 5,000.00 0.00 0.00 5,000.00 1. SERVICE CASH IN INVESTMENTS 282,500.00 0.00 0.00 282,500.00 ASB FUND CASH IN INVESTMENTS 40,341.33 0.00 0.00 40,341.33 Page 2 of 3 re Date From: 9/1/2025 to 9/30/2025 NS VEHI CASH IN INVESTMENTS GENERAL CASH IN INVESTMENTS .PROJECT CASH IN INVESTMENTS 1. SERVICE CASH IN INVESTMENTS ASB FUND CASH IN INVESTMENTS TRANS VEHI CASH IN INVESTMENTS GENERAL CASH IN INVESTMENTS PROJECT CASH IN INVESTMENTS T & AGENCY CASH IN INVESTMENTS SERVICE CASH IN INVESTMENTS =UND CASH IN INVESTMENTS E FUND CASH IN INVESTMENTS M&O CASH IN INVESTMENTS 11MPROVM CASH IN INVESTMENTS T.#2 GENER CASH IN INVESTMENTS 1AINTENANCE CASH IN INVESTMENTS EVENUE CASH IN INVESTMENTS ENT REVE. CASH IN INVESTMENTS IV. RESERVE CASH IN INVESTMENTS t-SWR DIST. CASH IN INVESTMENTS t-SWR RESRV CASH IN INVESTMENTS t-SWR ECOLOG CASH IN INVESTMENTS 013 CASH IN INVESTMENTS ;EV. BOND'12 CASH IN INVESTMENTS - ST POOL CASH IN INVESTMENTS ST POOL 273,117.51 2,383,370.11 151, 560.30 2,321,487.30 368,648.84 475,674.83 483, 221.11 786,984.00 70,909.16 28,208.39 28,440.76 238,825.79 711.57 1,048.51 15,401.05 26,983.79 118,781.64 8,533.18 146,740.18 200,000.00 513,623.05 46,375.51 72,171.98 48,393.87 41,682,338.28 0.00 0.00 103.60 24,211.59 5,762.74 672.03 0.00 0.00 250.00 100.00 100.00 105,990.00 0.00 0.00 0.00 40,000.00 0.00 0.00 0.00 0.00 2,997.64 163.75 6,493.81 170.88 17,747,380.87 0.00 429,082.43 0.00 0.00 3,609.65 164,647.17 182,000.00 207,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 77,491.54 0.00 15, 576,111.69 273,117.51 1,954,287.68 151,663.90 2,345,698.89 370,801.93 311,699.69 301,221.11 579,984.00 71,159.16 28,308.39 28,540.76 344,815.79 711.57 1,048.51 15,401.05 66,983.79 118,781.64 8,533.18 146,740.18 200,000.00 516, 620.69 46,539.26 1,174.25 48,564.75 43,853,607.46 270,014,574.66 20,103,475.81 22,752,981.69 267,365,068.78 Page 3 of 3 Investment Statement Balance Sheet Date: 9/30/2025 BYN MELLON Custodian Treasurer's Cash Sheet Statement Investments Held Custodial Investments Difference 13,458,524.69 $ 13,458,524.69 $ Balanced by: HB Difference: 5 >BNY Statement of Assets Held by Asset Classification Statement Period 09/01/2025 Through 09/30/2025 Account 00232530 Base Currency = USD MASON COUNTY TREASURER Shares/Par Value Asset Description FIXED INCOME 250,000.000 FEDERAL FARM CREDIT BANKS FUNDING CORP CUSIP: 3133EHJR5 MATURITY DATE: 11/17/2025 RATE: 2.620% MOODY'S Aa1 S&P AA+ 600,000.000 PIERCE COUNTY SCHOOL DISTRICT NO 10 TACOMA CUSIP: 720424ZT0 MATURITY DATE: 12/01/2025 RATE: 0.843% MOODY'S Aaa S&P AA+ 250,000.000 UNITED STATES TREASURY NOTE/BOND CUSIP: 91282CBC4 MATURITY DATE: 12/31/2025 RATE: 0.375% MOODY'S Aa1 250,000.000 FEDERAL FARM CREDIT BANKS FUNDING CORP CUSIP: 3133EMQX3 MATURITY DATE: 02/17/2026 RATE: 0.590% MOODY'S Aa1 S&P AA+ 250,000.000 FEDERAL HOME LOAN BANKS CUSIP: 3130ALEY6 MATURITY DATE: 03/04/2026 RATE: 0.800% MOODY'S Aa1 S&P AA+ 250,000.000 FEDERAL FARM CREDIT BANKS FUNDING CORP CUSIP: 3133EPWD3 MATURITY DATE: 04/20/2026 RATE: 4.875% MOODY'S Aa1 S&P AA+ 260,000.000 UNITED STATES TREASURY STRIP COUPON CUSIP: 912833LZ1 MATURITY DATE: 05/15/2026 RATE: 0.000% 500,000.000 FEDERAL HOME LOAN BANKS CUSIP: 3130AMM41 MATURITY DATE: 06/16/2026 RATE: 1.000% MOODY'S Aa1 S&P AA+ 300,000.000 UNITED STATES TREASURY NOTE/BOND CUSIP: 91282CCJ8 MATURITY DATE: 06/30/2026 Accrued Estimated Market Market Price Market Value Cost Average Cost Income Income Yield 99.80100 249,502.50 242,354.75 96.94190 2,438.06 6,550.00 2.63% 99.51000 99.09800 98.70300 98.68500 597,060.00 545,472.00 247,745.00 247,578.75 246,757.50 249,863.75 246,712.50 249,280.25 90.91200 1,686.00 5,058.00 0.85% 99.03150 236.92 937.50 0.38% 99.94550 180.28 1,475.00 0.60% 99.71210 150.00 2,000.00 0.81% m 100.52300 251,307.50 248,868.75 99.54750 5,450.52 12,187.50 4.85% 0 J m 0 97.72600 254,087.60 250,182.00 96.22385 0.00 0.00 0.00% 0 0 98.12400 490,620.00 500,000.00 100.00000 1,458.33 5,000.00 1.02% V 97.88100 293,643.00 269,024.70 89.67490 663.38 2,625.00 0.89% m Page 3 of 12 >BNY Statement of Assets Held by Asset Classification - Continued Statement Period 09/01/2025 Through 09/30/2025 Account 00232530 Base Currency = USD MASON COUNTY TREASURER Accrued Estimated Market Shares/Par Value Asset Description Market Price Market Value Cost Average Cost Income Income Yield RATE: 0.875% MOODY'S Aa1 500,000.000 FEDERAL HOME LOAN BANKS 97.71400 488,570.00 495,407.50 99.08150 680.56 5,000.00 1.02% CUSIP: 3130ANELO MATURITY DATE: 08/12/2026 RATE: 1.000% MOODY'S Aa1 S&P AA+ 250,000.000 UNITED STATES TREASURY NOTE/BOND 97.24000 243,100.00 248,490.00 99.39600 6.01 2,187.50 0.90% CUSIP: 91282CCZ2 MATURITY DATE: 09/30/2026 RATE: 0.875% MOODY'S Aa1 250,000.000 FEDERAL HOME LOAN BANKS 97.36200 243,405.00 239,962.50 95.98500 1,221.88 2,875.00 1.18% CUSIP: 3130APGT6 MATURITY DATE: 10/28/2026 RATE: 1.150% MOODY'S Aa1 S&P AA+ 500,000.000 FEDERAL FARM CREDIT BANKS FUNDING CORP 97.43800 487,190.00 500,000.00 100.00000 2,733.89 6,650.00 1.36% CUSIP: 3133ENDC1 MATURITY DATE: 11/03/2026 RATE: 1.330% MOODY'S Aa1 S&P AA+ 250,000.000 FEDERAL NATIONAL MORTGAGE ASSOCIATION 96.70600 241,765.00 226,911.75 90.76470 625.87 2,187.50 0.90% CUSIP: 3135G06L2 MATURITY DATE: 12/18/2026 RATE: 0.875% MOODY'S Aa1 o S&P AA+ o 320,000.000 FEDERAL FARM CREDIT BANKS FUNDING CORP 100.19300 320,617.60 315,392.00 98.56000 2,480.00 12,400.00 3.87% w' CUSIP: 3133EPW76 w MATURITY DATE: 01/19/2027 0 RATE: 3.875% -4 MOODY'S Aa1 CD m N S&P AA+ 275,000.000 FEDERAL HOME LOAN BANKS 96.04500 264,123.75 248,404.48 90.32890 240.63 2,475.00 0.94% 0 CUSIP: 3130AL5A8 `" MATURITY DATE: 02/26/2027 —o RATE: 0.900% o 3 MOODY'S Aa1 S&P AA+ 550,000.000 FEDERAL FARM CREDIT BANKS FUNDING CORP 100.47500 552,612.50 550,979.00 100.17800 122.22 22,000.00 3.98% CUSIP: 3133EPEE1 N MATURITY DATE: 03/29/2027 w RATE: 4.000% m 0 MOODY'S Aa1 o S&P AA+ Page 4 of 12 >BNY Statement of Assets Held by Asset Classification - Continued Statement Period 09/01/2025 Through 09/30/2025 Account 00232530 Base Currency = USD MASON COUNTY TREASURER Shares/Par Value Asset Description 145,000.000 420,000.000 250,000.000 250,000.000 300,000.000 500,000.000 280,000.000 250,000.000 300,000.000 UNIVERSITY OF WASHINGTON CUSIP: 91523NUE4 MATURITY DATE: 04/01/2027 RATE: 1.669% MOODY'S Aa1 S&P AA+ UNIVERSITY OF WASHINGTON CUSIP: 91523NWF9 MATURITY DATE: 04/01/2027 RATE: 0.972% MOODY'S Aa1 S&P AA+ FEDERAL HOME LOAN BANKS CUSIP: 3130ARJM4 MATURITY DATE: 04/21/2027 RATE: 3.000% MOODY'S Aa1 S&P AA+ FEDERAL HOME LOAN BANKS CUSIP: 3130ARYA3 MATURITY DATE: 05/26/2027 RATE: 4.000% MOODY'S Aa1 S&P AA+ COUNTY OF KING WA SEWER REVENUE CUSIP: 495290DQ8 MATURITY DATE: 07/01/2027 RATE: 1.195% MOODY'S Aa1 S&P AA+ FEDERAL FARM CREDIT BANKS FUNDING CORP CUSIP: 3133ENQ29 MATURITY DATE: 09/29/2027 RATE: 4.000% MOODY'S Aa1 S&P AA+ FEDERAL NATIONAL MORTGAGE ASSOCIATION CUSIP: 3135G05Y5 MATURITY DATE: 10/08/2027 RATE: 0.750% MOODY'S Aa1 S&P AA+ UNITED STATES TREASURY NOTE/BOND CUSIP: 91282CFZ9 MATURITY DATE: 11/30/2027 RATE: 3.875% MOODY'S Aa1 FEDERAL HOME LOAN BANKS CUSIP: 3130AP2V6 MATURITY DATE: 12/30/2027 Market Price Market Value 97.04200 96.03400 98.85000 Accrued Estimated Market Cost Average Cost Income Income Yield 140, 710.90 133,749.45 403,342.80 367,222.80 247,125.00 250,000.00 99.89400 249,735.00 243,866.25 95.59700 100.75000 94.43500 100.54700 94,30100 286,791.00 266,268.00 503,750.00 499,478.50 264,418.00 248,121.44 251,367.50 243,773.50 282,903.00 259,122.00 92.24100 1,210.03 87.43400 2,041.20 2,420.05 1.72% 4,082.40 1.01% 100.00000 3,333.33 7,500.00 3.03% 97.54650 3,472.22 10,000.00 4.00% 88.75600 896.25 3,585.00 1.25% 99.89570 111.11 88.61480 1,009.17 20,000.00 3.97% 2,100.00 0.79% 97.50940 3,255.64 9,687.50 3.85% 86.37400 9.17 3,300.00 1.17% e 101139 n 087665 a 02 t DOM i WI 0 0 Page 5 of 12 BNY Statement of Assets Held by Asset Classification - Continued Statement Period 09/01/2025 Through 09/30/2025 Account 00232530 Base Currency = USD MASON COUNTY TREASURER Accrued Estimated Market Shares/Par Value Asset Description Market Price Market Value Cost Average Cost Income Income Yield 500,000.000 250,000.000 250,000.000 250,000.000 250,000.000 250,000.000 500,000.000 305,000.000 250,000.000 RATE: 1.100% MOODY'S Aa1 S&P AA+ GRANT COUNTY PUBLIC UTILITY DISTRICT NO 96.88300 484,415.00 454,207.50 90.84150 2,972.50 11,890.00 2.45% 2 PRIEST RAPIDS HYDROELECTRIC PROJECT CUSIP: 387883YL9 MATURITY DATE: 01/01/2028 RATE: 2.378% MOODY'S Aa2 S&P AA UNITED STATES TREASURY NOTE/BOND 98.03500 245,087.50 239,296.50 95.71860 878.06 6,875.00 2.81% CUSIP: 9128283W8 MATURITY DATE: 02/15/2028 RATE: 2.750% MOODY'S Aa1 UNITED STATES TREASURY NOTE/BOND 94.40200 236,005.00 232,669.50 93.06780 8.59 3,125.00 1.32% CUSIP: 91282CBS9 MATURITY DATE: 03/31/2028 RATE: 1.250% MOODY'S Aa1 UNITED STATES TREASURY NOTE/BOND 99.73100 249,327.50 248,367.50 99.34700 3,661.68 8,750.00 3.51% CUSIP: 91282CHA2 MATURITY DATE: 04/30/2028 RATE: 3.500% MOODY'S Aa1 FEDERAL HOME LOAN BANKS 93.78600 234,465.00 225,985.25 90.39410 1,100.00 3,000.00 1.28% CUSIP: 3130AJLU1 MATURITY DATE: 05/19/2028 RATE: 1.200% MOODY'S Aa1 S&P AA+ UNITED STATES TREASURY NOTE/BOND 93.85600 234,640.00 231,514.75 92.60590 789.74 3,125.00 1.33% CUSIP: 91282CCH2 MATURITY DATE: 06/30/2028 RATE: 1.250% MOODY'S Aa1 FEDERAL FARM CREDIT BANKS FUNDING CORP 100.28500 501,425.00 500,000.00 100.00000 4,583.33 18,750.00 3.74% CUSIP: 3133ETNU7 MATURITY DATE: 07/03/2028 RATE: 3.750% MOODY'S Aa1 S&P AA+ FEDERAL FARM CREDIT BANKS FUNDING CORP 97.41200 297,106.60 290,554.29 95.26370 1,318.36 8,326.50 2.80% CUSIP: 3133EHTW3 MATURITY DATE: 08/04/2028 RATE: 2.730% MOODY'S Aa1 S&P AA+ FEDERAL HOME LOAN BANKS 100.20200 250,505.00 250,000.00 100.00000 178.33 10,700.00 4.27% CUSIP: 3130B5NF1 e 101139 n 087665 a 02 t DOM i WI 0 0 'CO Page 6 of 12 >BNY Statement of Assets Held by Asset Classification - Continued Statement Period 09/01/2025 Through 09/30/2025 Account 00232530 Base Currency = USD MASON COUNTY TREASURER Shares/Par Value Asset Description MATURITY DATE: 09/25/2028 RATE: 4.280% MOODY'S Aa1 S&P AA+ 275,000.000 FEDERAL HOME LOAN BANKS CUSIP: 3130APHL2 MATURITY DATE: 10/13/2028 RATE: 1.500% MOODY'S Aa1 P AA+ 460,000.000 DERAL HOME LOAN MORTGAGE CORP SIP: 3134A2G77 MATURITY DATE: 11/15/2028 RATE: 0.000% MOODY'S Aa1 S&P AA+ 250,000.000 UNITED STATES TREASURY NOTE/BOND CUSIP: 91282CJR3 MATURITY DATE: 12/31/2028 RATE: 3.750% MOODY'S Aa1 250,000.000 UNITED STATES TREASURY NOTE/BOND CUSIP: 91282CJW2 MATURITY DATE: 01/31/2029 RATE: 4.000% MOODY'S Aa1 250,000.000 UNITED STATES TREASURY NOTE/BOND CUSIP: 9128286B1 MATURITY DATE: 02/15/2029 RATE: 2.625% MOODY'S Aa1 250,000.000 UNITED STATES TREASURY NOTE/BOND CUSIP: 91282CEE7 MATURITY DATE: 03/31/2029 RATE: 2.375% MOODY'S Aa1 350,000.000 FEDERAL FARM CREDIT BANKS FUNDING CORP CUSIP: 3133ELL28 MATURITY DATE: 06/18/2029 RATE: 1.150% MOODY'S Aa1 S&P AA+ 500,000.000 PUBLIC UTILITY DISTRICT NO. 1 OF FRANKLIN COUNTY CUSIP: 353406SP7 MATURITY DATE: 09/01/2029 RATE: 1.871% MOODY'S Aa3 S&P A+ Market Price Market Value 93.72700 88.97900 100.34000 101.10600 96.77700 95.82800 91.19000 92.35900 Accrued Estimated Market Cost Average Cost Income Income Yield 257,749.25 247,991.42 250,850.00 244,690.00 252,765.00 250,410.00 241,942.50 242,680.00 239,570.00 235,000.00 319,165.00 316,564.50 461,795.00 465,685.00 90.17870 1,925.00 4,125.00 1.60% 85.44910 0.00 0.00 0.00% 97.87600 2,369.23 9,375.00 3.74% 100.16400 1,684.78 10,000.00 3.96% 97.07200 838.15 6,562.50 2.71% 94.00000 16.31 5,937.50 2.48% 90.44700 1,151.60 4,025.00 1.26% 93.13700 779.58 9,355.00 2.03% e 101139 n 087665 a 02 t DOM i WI 0 w Page 7 of 12 >BNY Statement of Assets Held by Asset Classification - Continued Statement Period 09/01/2025 Through 09/30/2025 Account 00232530 Base Currency = USD MASON COUNTY TREASURER Accrued Estimated Market Shares/Par Value Asset Description Market Price Market Value Cost Average Cost Income Income Yield 275,000.000 Total FIXED INCOME ACCOUNT TOTALS COUNTY OF PIERCE WA SEWER REVENUE CUSIP: 720653PZ1 MATURITY DATE: 08/01/2030 RATE: 1.717% MOODY'S Aa2 S&P AA 90.40200 248,605.50 250,068.50 13,763,684.90 13,458, 524.69 90.93400 786.96 4,721.75 1.90% 60,754.87 282,926.20 2.06% Total Market Value Plus Total Accrued Income 13,824,439.77 Statement of Transactions by Transaction Date 13,763,684.90 ` 13,458,524.69 60,754.87 282,926.20 2.06% Realized Transaction Date Transaction Description Income Principal Cost Gains/Losses 09/01/25 ACCOUNT OPENING PERIOD BALANCE 89,210.39- 89,210.39 13,458,273.44 09/02/25 Interest 4,677.50 0.00 0.00 0.00 PUBLIC UTILITY DISTRICT NO. 1 OF FRANKLIN COUNTY RATE: 1.871% MATURITY: 09/01/29 TRADE DATE 09/01/25 SET/DATE 09/01/25 CUSIP 353406SP7 500,000.000 SHARES 09/02/25 Cash Debit 4,677.50- 0.00 0.00 0.00 BNF: MASON COUNTY TREASURER NOTPROVIDED DETAIL: NET ACTIVITY OF 09.02.25 CREDIT MAS DETAIL: ON COUNTY TREASURER NET ACTIVITY OF NC WITH: UMPQUA BAN K 97470,OR,US 09/02/25 ACCOUNT CLOSING DAILY BALANCE 89,210.39- 89,210.39 13,458,273.44 0.00 09/04/25 Interest 1,000.00 0.00 0.00 0.00 FEDERAL HOME LOAN BANKS RATE: 0.800% MATURITY: 03/04/26 TRADE DATE 09/04/25 SET/DATE 09/04/25 CUSIP 3130ALEY6 250,000.000 SHARES 09/04/25 Cash Debit 1,000.00- 0.00 0.00 0.00 BNF: MASON COUNTY TREASURER NOTPROVIDED DETAIL: NET ACTIVITY OF 09.04.25 CREDIT MAS IM ! WOO 3 ZO e 999L80 U 6£1.LOL 8 J O 0 Page 8 of 12 10/15/25, 12:45 PM LGIP Daily Yield I Office of the Washington State Treasurer LGIP Daily Yield Daily, 3-day, 7-day, 30-day and True 30-day yield earnings figures from the Local Government Investment Pool. Daily Yield: The net earnings figure that is calculated daily using the investment income earned (excluding realized gains or losses) each day, assuming daily amortization and/or accretion of income of all fixed income securities held by the Fund, less the administrative fee. 7 Day Yield: The daily factor is reported on an annualized 7-day basis, using the daily factors from the previous 7 calendar days. 30 Day Yield: The daily factor is reported on an annualized 30- day basis, using the daily factors from the previous 30 calendar days. True 30 Day Yield: The net daily earnings figure that is calculated using the total net earnings including realized gains and losses occurring each day, less the administrative fee. Date September 2025 30-Day True 30- Date Daily Yield 7-Day Yield Yield Day Yield 09/30 4.182947 4.179688 4.287123 4.297956 09/29 4.171422 4.178692 4.293018 4.303851 09/28 4.181771 4.179061 4.299297 4.310131 09/27 4.181743 4.178723 4.305229 4.316062 09/26 4.181599 4.178528 4.311384 4.322217 09/25 4.175367 4.178385 4.317843 4.328676 09/24 4.172920 4.188022 4.324690 4.335524 https://tre.wa. gov/investments-and-publ ic-deposits/investments/local-govern ment-i nvestment-pool/Igi p-portfolio-data/Ig i p-daily-yield 10/15/25, 12:33 PM Resource Center I U.S. Department of the Treasury 0 The radical left has chosen to shut down the United States government in the name of reckless spending and obstructionism. As a result, the U.S. Department of the Treasury's websites will only be sporadically updated until this shutdown concludes. Please refer to Treasury's contingency plans for more information. An official website of the United States government Here's how you know U.S. DEPARTMENT OF THE TREASURY Daily Treasury Par Yield Curve Rates Beginning November 2025, all data prior to 2023 will be transferred to the historical page, which includes XML and CSV files. it Get updates to this content NOTICE: See Developer Notice on changes to the XML data feeds View the XML feed Render the XML feed in a browser Download the daily XML files for all data sets Download CSV Select type of Interest Rate Data Daily Treasury Par Yield Curve Rates Select Time Period 2025 Date 1 Mo 1.5 Mo 2 Mo 3 Mo 4 Mo 6 Mo 1 Yr 2 Yr 3 Yr 5 Yr 7 Yr 10 Yr 20 Yr 30 Yr 09/25/2025 4.24 4.20 4.18 4.04 4.01 3.85 3.68 3.64 3.66 3.75 3.94 4.18 4.73 4.75 09/26/2025 4.22 4.20 4.17 4.02 4.00 3.83 3.67 3.63 3.66 3.76 3.96 4.20 4.74 4.77 09/29/2025 4.22 4.19 4.16 4.04 3.99 3.84 3.65 3.63 3.63 3.74 3.92 4.15 4.69 4.71 09/30/2025 4.20 4.19 4.15 4.02 3.98 3.83 3.68 3.60 3.61 3.74 3.93 4.16 4.71 4.73 1/1 https://home.treasu ry.gov/resou rce-center/data-chart-center/interest-rates/TextView?type=daily_treasury_yield_curve&field_td r_d ate_value=2025 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 103 'CCOUNT 'CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 103.000000.000.000.000.00.111400.0000.00. CASH 1 1 2 3 4 5 6 6 8 8 9 IN INVESTMENTS 32 467 13 33 79 108 17 192 16 83 74 GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN 103-111400 01/07/25 01/31/25 02/04/25 03/05/25 04/07/25 05/08/25 06/04/25 06/13/25 08/05/25 08/07/25 09/05/25 INV INV INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 2,894,360.00 ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED 2,894,360.10 90,000.00 .00 95,000.00 114,000.00 68,000.00 96,000.00 110,000.00 .00 125,000.00 .00 350,000.00 1,048,000.00 .00 4,800.00 .00 .00 .00 .00 .00 16,000.00 .00 135,000.00 .00 155,800.00 90,000.00 85,200.00 180,200.00 294,200.00 362,200.00 458,200.00 568,200.00 552,200.00 677,200.00 542,200.00 892,200.00 892,200.00 3,786,560.00 TOTALS FOR FUND 103 SALES & USE TAX 2,894,360.00 1,048,000.00 155,800.00 892,200.00 3,786,560.00 104 AUDITOR S 0 & M 104.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 104-111400 400,000.00 400,000.00 .00 .00 .00 400,000.00 TOTALS FOR FUND 104 AUDITOR 5 0 & M 400,000.00 .00 .00 .00 400,000.00 105 COUNTY ROAD 105.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 1 287 GEN 01/22/25 INV 1 467 GEN 01/31/25 INV 2 135 GEN 02/12/25 INV 2 284 GEN 02/21/25 INV 2 297 GEN 02/24/25 INV 3 33 GEN 03/05/25 INV 4 79 GEN 04/07/25 INV 5 108 GEN 05/08/25 INV 6 17 GEN 06/04/25 INV 6 192 GEN 06/13/25 INV 6 307 GEN 06/23/25 INv 6 411 GEN 06/26/25 INv 7 76 GEN 07/07/25 INV 7 324 GEN 07/18/25 INV 8 16 GEN 08/05/25 INV 8 777 GEN 08/15/25 INV 8 935 GEN 08/21/25 INVLIQ 9 74 GEN 09/05/25 INV 9 359 GEN 09/24/25 INv 105-111400 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 13,319,825.00 LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED 13,319,825.00 .00 .00 .00 .00 .00 57,000.00 800,000.00 3,000,000.00 290,000.00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 4,147,000.00 200,000.00 210,000.00 198,000.00 166,000.00 228,000.00 .00 .00 .00 .00 51,000.00 360,000.00 280,000.00 525,000.00 1,135,000.00 225,000.00 550,000.00 314,000.00 240,000.00 1,075,000.00 - 200,000.00 - 410,000.00 - 608,000.00 - 774,000.00 - 1,002,000.00 - 945,000.00 -145,000.00 2,855,000.00 3,145,000.00 3,094,000.00 2,734,000.00 2,454,000.00 1,929,000.00 794,000.00 569,000.00 19,000.00 - 295,000.00 -535,000.00 - 1,610,000.00 5,757,000.00 -1,610,000.00 11,709,825.00 Report generated: 10/09/2025 15:25 User: Schuste Program ID: glatrbal Page 1 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 106 'CCOUNT `CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE TOTALS FOR FUND 105 COUNTY ROAD 13,319,825.00 4,147,000.00 5,757,000.00 -1,610,000.00 11,709,825.00 106 PATHS & TRAILS 106.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 106-111400 165,000.00 165,000.00 .00 .00 .00 165,000.00 TOTALS FOR FUND 106 PATHS & TRAILS 165,000.00 .00 .00 .00 165,000.00 109 ELECTION EQUIPMENT HOLDING 109.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 109-111400 115,679.53 115,679.53 .00 .00 .00 115,679.53 TOTALS FOR FUND 109 .00 .00 .00 115,679.53 ELECTION EQUIPMENT HOLDING 115,679.53 117 COMMUNITY SUPPORT SERVICES 117.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 1,364,000.00 1 32 GEN 01/07/25 INV INVESTMENT ACQUIRED 2 13 GEN 02/04/25 INV INVESTMENT ACQUIRED 4 479 GEN 04/30/25 INV INVESTMENT LIQUIDATED 7 76 GEN 07/07/25 INV INVESTMENT LIQUIDATED 8 16 GEN 08/05/25 INV INVESTMENT ACQUIRED 9 74 GEN 09/05/25 INV INVESTMENT LIQUIDATED 117-111400 1,364,000.00 97,000.00 31,000.00 .00 .00 450,000.00 .00 578,000.00 .00 .00 122,000.00 300,000.00 .00 100,000.00 522,000.00 97,000.00 128,000.00 6,000.00 -294,000.00 156,000.00 56,000.00 56,000.00 1,420,000.00 TOTALS FOR FUND 117 COMMUNITY SUPPORT SERVICES 1,364,000.00 578,000.00 522,000.00 56,000.00 1,420,000.00 118 ABATEMENT 118.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2 13 GEN 02/04/25 INV 3 33 GEN 03/05/25 INV 4 79 GEN 04/07/25 INV 5 108 GEN 05/08/25 INV 6 17 GEN 06/04/25 INV 7 76 GEN 07/07/25 INv 8 16 GEN 08/05/25 INV 9 74 GEN 09/05/25 INv 118-111400 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 304,442.00 2,400.00 850.00 950.00 1,142.00 700.00 500.00 1,000.00 1,000.00 .00 .00 .00 .00 .00 .00 .00 .00 2,400.00 3,250.00 4,200.00 5,342.00 6,042.00 6,542.00 7,542.00 8,542.00 304,A42.00 8,542.00 .00 8,542.00 312,984.00 Report generated: 10/09/2025 15:25 User: SchustB Program ID: glatrbal Page 2 Mason County, WA Enterprise ERP (.s ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 120 'CCOUNT 'CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE TOTALS FOR FUND 118 ABATEMENT 304,442.00 8,542.00 .00 8,542.00 312,984.00 120 REET & PROPERTY TAX ADMIN ASST 120.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 1 32 GEN 01/07/25 INV 1 149 GEN 01/14/25 INV 2 13 GEN 02/04/25 INV 2 135 GEN 02/12/25 INV 3 33 GEN 03/05/25 INV 4 79 GEN 04/07/25 INV 5 108 GEN 05/08/25 INV 5 262 GEN 05/15/25 INV 6 17 GEN 06/04/25 INV 7 76 GEN 07/07/25 INV 8 16 GEN 08/05/25 INV 8 83 GEN 08/07/25 INV 9 74 GEN 09/05/25 INV 120-111400 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 82,020.00 ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED 82,020.00 1,100.00 .00 1,100.00 .00 25,000.00 -23,900.00 1,800.00 .00-22,100.00 .00 1,300.00 -23,400.00 1,000.00 .00-22,400.00 1,500.00 .00-20,900.00 1,900.00 .00-19,000.00 .00 1,202.93 -20,202.93 1,300.00 .00-18,902.93 1,000.00 .00-17,902.93 2,000.00 .00-15,902.93 .00 1,600.00 -17,502.93 1,500.00 .00-16,002.93 13,100.00 29,102.93 -16,002.93 66,017.07 TOTALS FOR FUND 120 13,100.00 29,102.93 -16,002.93 66,017.07 REET & PROPERTY TAX ADMIN ASST 82,020.00 150 COMMUNITY SERVICES HEALTH 150.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2 13 GEN 02/04/25 INV 3 265 GEN 03/21/25 INV 3 419 GEN 03/31/25 INV 4 163 GEN 04/10/25 INV 6 80 GEN 06/06/25 INV 6 307 GEN 06/23/25 INv 6 411 GEN 06/26/25 INV 7 76 GEN 07/07/25 INV 8 16 GEN 08/05/25 INV 9 74 GEN 09/05/25 INV 150-111400 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 3,976,000.00 ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED 3,976,000.00 495,000.00 .00 495,000.00 .00 121.00 494,879.00 .00 901.00 493,978.00 .00 581,000.00 -87,022.00 .00 55,500.00 -142,522.00 .00 107,000.00 -249,522.00 .00 200,000.00 -449,522.00 .00 543,000.00 -992,522.00 400,000.00 .00-592,522.00 .00 140,000.00 -732,522.00 895,000.00 1,627,522.00 -732,522.00 3,243,478.00 TOTALS FOR FUND 150 3,976,000.00 895,000.00 1,627,522.00 -732,522.00 3,243,478.00 COMMUNITY SERVICES HEALTH 55 AMERICAN RESCUE PLAN ACT 155.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 642,100.00 1 236 GEN 01/16/25 INV INVESTMENT LIQUIDATED 7 76 GEN 07/07/25 INV INVESTMENT LIQUIDATED 8 16 GEN 08/05/25 INV INVESTMENT ACQUIRED .00 15,000.00 -15,000.00 .00 545,000.00 -560,000.00 45,000.00 .00-515,000.00 Report generated: 10/09/2025 15:25 user: SchustB Program ID: glatrbal Page 3 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 155 ,CCOUNT `CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE ,DEBITS CREDITS NET CHANGE END BALANCE 15000550-111400 642,100.00 TOTALS FOR FUND 155 AMERICAN RESCUE PLAN ACT 642,100.00 16 LODGING TAX (HOTEL/MOTEL) 163.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 3 33 GEN 03/05/25 INV 7 76 GEN 07/07/25 INV 8 16 GEN 08/05/25 INV 9 74 GEN 09/05/25 INV 163-111400 2,046,000.00 INVESTMENT ACQUIRED INVESTMENT LIQUIDATED INVESTMENT ACQUIRED INVESTMENT ACQUIRED 2,046,000.00 TOTALS FOR FUND 163 LODGING TAX (HOTEL/MOTEL) 2,046,000.00 164 MENTAL HEALTH 164.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2,406,861.00 2 13 GEN 02/04/25 INV INVESTMENT ACQUIRED 2 30 GEN 02/05/25 INV INVESTMENT LIQUIDATED 3 33 GEN 03/05/25 INV INVESTMENT ACQUIRED 3 368 GEN 03/27/25 INV INVESTMENT LIQUIDATED 4 79 GEN 04/07/25 INV INVESTMENT ACQUIRED 4 479 GEN 04/30/25 INV INVESTMENT LIQUIDATED 5 262 GEN 05/15/25 INV INVESTMENT LIQUIDATED 6 17 GEN 06/04/25 INV INVESTMENT ACQUIRED 7 76 GEN 07/07/25 INV INVESTMENT ACQUIRED 7 431 GEN 07/28/25 INV INVESTMENT LIQUIDATED 7 518 GEN 07/31/25 INV INVESTMENT LIQUIDATED 8 16 GEN 08/05/25 INV INVESTMENT ACQUIRED 9 74 GEN 09/05/25 INV INVESTMENT ACQUIRED 164-111400 2,406,861.00 45,000.00 45,000.00 16,000.00 .00 150,000.00 50,000.00 216,000.00 216,000.00 180,000.00 .00 30,000.00 .00 47,000.00 .00 .00 40,000.00 60,000.00 .00 .00 74,000.00 150,000.00 581,000.00 581,000.00 24,000.00 14,000.00 40,000.00 13,000.00 3,000.00 .00 .00 .00 TOTALS FOR FUND 164 MENTAL HEALTH 2,406,861.00 180 TREASURER S M&O FUND 180.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 135,300.00 2 13 GEN 02/04/25 INV INVESTMENT ACQUIRED 3 33 GEN 03/05/25 INV INVESTMENT ACQUIRED 4 79 GEN 04/07/25 INV INVESTMENT ACQUIRED 5 108 GEN 05/08/25 INV INVESTMENT ACQUIRED 6 17 GEN 06/04/25 INV INVESTMENT ACQUIRED 7 76 GEN 07/07/25 INV INVESTMENT LIQUIDATED 8 935 GEN 08/21/25 INVLIQ INVESTMENT LIQUIDATED 9 74 GEN 09/05/25 INV INVESTMENT LIQUIDATED 560,000.00 560,000.00 .00 45,000.00 .00 .00 45,000.00 45,000.00 .00 105,000.00 .00 198,000.00 .00 4,700.00 101,918.89 .00 .00 120,000.00 15,000.00 .00 .00 544,618.89 544,618.89 .00 .00 .00 .00 .00 11,000.00 38,000.00 15,000.00 - 515,000.00 - 515,000.00 16,000.00 - 29,000.00 121,000.00 171,000.00 171,000.00 171,000.00 180,000.00 75,000.00 105,000.00 - 93,000.00 -46,000.00 - 50,700.00 - 152,618.89 -112,618.89 -52,618.89 - 172,618.89 - 187,618.89 -113,618.89 36,381.11 36,381.11 36,381.11 24,000.00 38,000.00 78,000.00 91,000.00 94,000.00 83,000.00 45,000.00 30,000.00 127,100.00 127,100.00 2,217,000.00 2,217,000.00 2,443,242.11 2,443,242.11 Report generated: 10/09/2025 15:25 user: SchustB Program ID: glatrbal Page 4 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 180 'CCOUNT 'CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 180-111400 135,300.00 94,000.00 64,000.00 30,000.00 165,300.00 TOTALS FOR FUND 180 TREASURER S M&0 FUND 135,300.00 94,000.00 64,000.00 30,000.00 165,300.00 190 VETERANS ASSISTANCE 190.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2 52 GEN 02/07/25 INV 2 135 GEN 02/12/25 INV 3 33 GEN 03/05/25 INv 3 92 GEN 03/10/25 INV 3 419 GEN 03/31/25 INV 4 79 GEN 04/07/25 INV 5 108 GEN 05/08/25 INV 6 17 GEN 06/04/25 INV 6 192 GEN 06/13/25 INV 6 307 GEN 06/23/25 INv 7 132 GEN 07/09/25 INV 8 16 GEN 08/05/25 INV 8 83 GEN 08/07/25 INV 190-111400 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 291,514.00 LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED 291,514.00 .00 .00 7,000.00 .00 .00 2,500.00 50,000.00 9,000.00 .00 .00 .00 1,500.00 .00 70,000.00 14,000.00 2,900.00 .00 13,200.00 3,400.00 .00 .00 .00 3,000.00 325.00 8,000.00 .00 7,500.00 52,325.00 - 14,000.00 -16,900.00 -9,900.00 - 23,100.00 -26,500.00 - 24,000.00 26,000.00 35,000.00 32,000.00 31,675.00 23,675.00 25,175.00 17,675.00 17,675.00 309,189.00 TOTALS FOR FUND 190 VETERANS ASSISTANCE 291,514.00 70,000.00 52,325.00 17,675.00 309,189.00 192 SKOKOMISH FLOOD ZONE 192.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 9 74 GEN 09/05/25 INV INVESTMENT ACQUIRED 9 359 GEN 09/24/25 INV 192-111400 INVESTMENT LIQUIDATED .00 3,000.00 .00 .00 3,000.00 3,000.00 .00 .00 3,000.00 3,000.00 .00 .00 TOTALS FOR FUND 192 SKOKOMISH FLOOD ZONE .00 3,000.00 3,000.00 .00 .00 194 MASON LAKE MNGMT DIST #2 194.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 1 149 GEN 01/14/25 INV 2 135 GEN 02/12/25 INV 3 33 GEN 03/05/25 INV 4 79 GEN 04/07/25 INV 5 108 GEN 05/08/25 INV 6 17 GEN 06/04/25 INV 7 76 GEN 07/07/25 INV 8 16 GEN 08/05/25 INv 194-111400 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 130,168.00 LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED .00 .00 2,000.00 2,400.00 17,000.00 4,000.00 400.00 700.00 4,300.00 3,000.00 .00 .00 .00 .00 .00 .00 - 4,300.00 - 7,300.00 - 5,300.00 - 2,900.00 14,100.00 18,100.00 18,500.00 19,200.00 1 0,168.00 26,500.00 7,300.00 19,200.00 149,368.00 Report generated: 10/09/2025 15:25 User: SchustB Program ID: glatrbal Page 5 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 195 'CCOUNT 'CCOUNT NAME PER JNL SRC EFF DATE REFERENCE. .BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE TOTALS FOR FUND 194 MASON LAKE MNGMT DIST #2 130,168.00 195 SPENCER LAKE MNGMT DIST #3 195.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2 13 GEN 02/04/25 INV 2 135 GEN 02/12/25 INV 3 33 GEN 03/05/25 INV 4 79 GEN 04/07/25 INV 5 108 GEN 05/08/25 INV 6 17 GEN 06/04/25 INV 8 83 GEN 08/07/25 INV 19000440-111400 INVESTMENT ACQUIRED INVESTMENT LIQUIDATED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT LIQUIDATED 4,721.00 4,721.04 TOTALS FOR FUND 195 SPENCER LAKE MNGMT DIST #3 4,721.00 26,500.00 1,100.00 .00 1,100.00 650.00 7,200.00 1,000.00 .00 11,050.00 11,050.00 7,300.00 .00 250.00 .00 .00 .00 .00 200.00 450.00 450.00 19,200.00 1,100.00 850.00 1,950.00 2,600.00 9,800.00 10,800.00 10,600.00 10,600.00 10,600.00 149,368.00 15,321.00 15,321.00 199 ISLAND LAKE MNGMT DIST #1 199.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 13,279.00 INV INVESTMENT LIQUIDATED INV INVESTMENT LIQUIDATED INV INVESTMENT LIQUIDATED INV INVESTMENT LIQUIDATED 2 135 GEN 02/12/25 5 262 GEN 05/15/25 7 132 GEN 07/09/25 8 83 GEN 08/07/25 199-111400 13,279.00 .00 .00 .00 .00 .00 2.00 64.38 250.00 100.00 416.38 -2.00 -66.38 - 316.38 - 416.38 -416.38 12,862.62 TOTALS FOR FUND 199 ISLAND LAKE MNGMT DIST #1 13,279.00 .00 416.38 - 416.38 12,862.62 05 PW FACILITY 2107 BOND 205.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2 13 GEN 02/04/25 INV 3 33 GEN 03/05/25 INV 4 79 GEN 04/07/25 INv 5 108 GEN 05/08/25 INV 6 7 GEN 06/03/25 INV 7 76 GEN 07/07/25 INV 8 16 GEN 08/05/25 INV 9 74 GEN 09/05/25 INV 205-111400 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 38,408.00 ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED 38,408.00 992,000.00 600.00 3,000.00 3,900.00 .00 3,000.00 800.00 400.00 1,003,704.00 TOTALS FOR FUND 215 38,408.00 1,003,700.00 PW FACILITY 2007 BOND .00 .00 .00 .00 940,284.77 .00 .00 .00 940,28'.77 940,284.77 992,000.00 992,600.00 995,600.00 999,500.00 59,215.23 62,215.23 63,015.23 63,415.23 63,415.23 63,415.23 101,823.23 101,823.23 1 MASON CTY LTGO 2013 BOND 215.000000.000.000.000.00.111400.0000.00. Report generated: 10/09/2025 15:25 user: Schuste Program ID: glatrbal Page 6 • Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 215 'CCOUNT `CCOUNT NAME PER JNL SRC`EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE CASH IN INVESTMENTS - POOL 2 13 GEN 02/04/25 INV 3 33 GEN 03/05/25 INV 4 163 GEN 04/10/25 INv 6 7 GEN 06/03/25 INV 7 76 GEN 07/07/25 INV 8 16 GEN 08/05/25 INV 215-111400 86,168.95 INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT LIQUIDATED INVESTMENT ACQUIRED INVESTMENT ACQUIRED 86,168.95 95,000.00 900.00 1,000.00 .00 14,000.00 600.00 .00 .00 .00 22,000.00 .00 .00 111,500.00 22,000.00 95,000.00 95,900.00 96,900.00 74,900.00 88,900.00 89,500.00 89,500.00 175,668.95 TOTALS FOR FUND 215 MASON CTY LTGO 2013 BOND 86,168.95 111,500.00 22,000.00 89,500.00 175,668.95 250 MC LTGO 2008 BOND 250.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2 13 GEN 02/04/25 3 33 GEN 03/05/25 4 79 GEN 04/07/25 5 108 GEN 05/08/25 6 7 GEN 06/03/25 7 76 GEN 07/07/25 8 16 GEN 08/05/25 9 74 GEN 09/05/25 250-111400 38,139.77 INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED INV INVESTMENT LIQUIDATED INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED 38,139.77 235,200.00 2,100.00 800.00 900.00 .00 900.00 900.00 1,000.00 241,800.00 .00 .00 .00 .00 11,000.00 .00 .00 .00 11,600.00 235,200.00 237,300.00 238,100.00 239,000.00 228,000.00 228,900.00 229,800.00 230,800.00 230,800.00 2.8,939. 7 TOTALS FOR FUND 250 MC LTGO 2008 BOND 38,139.77 241,800.00 11,000.00 230,800.00 268,939.77 350 REET 1 - CAPITAL IMPROVEMENTS 350.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2,743,990.00 1 287 GEN 01/22/25 INV INVESTMENT LIQUIDATED 2 284 GEN 02/21/25 INV INVESTMENT LIQUIDATED 3 181 GEN 03/14/25 INV INVESTMENT LIQUIDATED 4 79 GEN 04/07/25 INV INVESTMENT ACQUIRED 5 108 GEN 05/08/25 INV INVESTMENT ACQUIRED 5 262 GEN 05/15/25 INV INVESTMENT LIQUIDATED 6 17 GEN 06/04/25 INV INVESTMENT ACQUIRED 6 192 GEN 06/13/25 INV INVESTMENT LIQUIDATED 7 76 GEN 07/07/25 INV INVESTMENT ACQUIRED 8 16 GEN 08/05/25 INV INVESTMENT ACQUIRED 9 74 GEN 09/05/25 INV INVESTMENT ACQUIRED 350-111400 TOTALS FOR FUND 350 REET 1 - CAPITAL IMPROVEMENTS 2,743,9•t.00 2,743,990.00 .00 .00 .00 25,000.00 400,000.00 .00 50,000.00 .00 80,000.00 180,000.00 130,000.00 865,000.00 865,000.00 20,000.00 44,000.00 96,000.00 .00 .00 346,017.71 .00 159,000.00 .00 .00 .00 665,017.71 665,017.71 - 20,000.00 - 64,000.00 -160,000.00 -135,000.00 265,000.00 - 81,017.71 - 31,017.71 -190,017.71 -110,017.71 69,982.29 199,982.29 199,98 .29 199,982.29 2,943,972.29 2,943,972.29 351 REET 2 CAPITAL IMPROVEMENTS 351.000000.000.000.000.00.111400.0000.00. Report generated: 10/09/2025 15:25 user: SchustB Program ID: glatrbal Page 7 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 351 ACCOUNT ACCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE CASH IN INVESTMENTS 1 32 GEN 01/07/25 2 13 GEN 02/04/25 3 33 GEN 03/05/25 4 79 GEN 04/07/25 5 108 GEN 05/08/25 6 17 GEN 06/04/25 7 10 GEN 07/01/25 7 76 GEN 07/07/25 8 16 GEN 08/05/25 9 74 GEN 09/05/25 351-111400 INV INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 6,584,658.00 ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED 6,584,658.00 58,000.00 200,000.00 120,000.00 130,000.00 150,000.00 196,000.00 .00 83,000.00 80,000.00 180,000.00 1,197,000.00 .00 .00 .00 .00 .00 .00 650,000.00 .00 .00 .00 650,000.00 58,000.00 258,000.00 378,000.00 508,000.00 658,000.00 854,000.00 204,000.00 287,000.00 367,000.00 547,000.00 547,000.00 7,131,658.00 TOTALS FOR FUND 351 REET 2 CAPITAL IMPROVEMENTS 6,584,658.00 1,197,000.00 650,000.00 547,000.00 7,131,658.00 ,02 MASON COUNTY LANDFILL 402.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2 13 GEN 02/04/25 3 33 GEN 03/05/25 5 108 GEN 05/08/25 6 17 GEN 06/04/25 7 76 GEN 07/07/25 8 16 GEN 08/05/25 402-111400 INV INV INV INV INV INV 4,324,000.00 INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED 4,324,000.00 TOTALS FOR FUND 402 MASON COUNTY LANDFILL 4,324,000.00 403 N. BAY / CASE INLET UTILITY 403.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2 13 GEN 02/04/25 3 33 GEN 03/05/25 4 79 GEN 04/07/25 5 108 GEN 05/08/25 6 17 GEN 06/04/25 7 76 GEN 07/07/25 403-111400 TOTALS FOR FUND 403 N. BAY CASE INV INV INV INV INV INV INLET UTILITY 3,211,839.00 INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT LIQUIDATED 3,211,839.00 3,211,839.00 300,000.00 40,000.00 65,000.00 135,000.00 110,000.00 285,000.00 935,000.00 935,000.00 100,000.00 238,000.00 72,000.00 92,000.00 13,000.00 .00 515,000.00 515,000.00 43,000.00 22,000.00 ,12 BEARDS COVE WATER 412.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 660,000.00 2 13 GEN 02/04/25 INV INVESTMENT ACQUIRED 4 79 GEN 04/07/25 INV INVESTMENT ACQUIRED .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 100,000.00 100,000.00 100,000.00 .00 .00 300,000.00 340,000.00 405,000.00 540,000.00 650,000.00 935,000.00 9 5,000.00 935,000.00 100,000.00 338,000.00 410,000.00 502,000.00 515,000.00 415,000.00 415,000.00 415,000.00 43,000.00 65,000.00 5,259,000.00 5,259,000.00 3,626,839.00 3,626,839.00 Report generated: 10/09/2025 15:25 User: SchustB Program ID: glatrbal Page 8 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 412 ,CCOUNT •CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 5 108 GEN 05/08/25 INv 6 17 GEN 06/04/25 INV 7 76 GEN 07/07/25 INV 9 74 GEN 09/05/25 INv 412-111400 INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED 660,000.00 20,000.00 15,000.00 10,000.00 35,000.00 145,000.00 .00 .00 .00 .00 .00 85,000.00 100,000.00 110,000.00 145,000.00 145,000.00 805,000.00 TOTALS FOR FUND 412 BEARDS COVE WATER 660,000.00 145,000.00 .00 145,000.00 805,000.00 J13 BELFAIR WW & WATER RECLAMATION 413.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 1 236 GEN 01/16/25 2 135 GEN 02/12/25 2 297 GEN 02/24/25 3 368 GEN 03/27/25 4 163 GEN 04/10/25 7 76 GEN 07/07/25 8 16 GEN 08/05/25 9 74 GEN 09/05/25 413-111400 4,691,440.98 INV INVESTMENT LIQUIDATED INV INVESTMENT LIQUIDATED INV INVESTMENT LIQUIDATED INV INVESTMENT LIQUIDATED INV INVESTMENT LIQUIDATED INV INVESTMENT LIQUIDATED INV INVESTMENT ACQUIRED INV INVESTMENT LIQUIDATED .00 .00 .00 .00 .00 .00 950,000.00 .00 100,000.00 63,000.00 19,500.00 6,300.00 350,000.00 350,000.00 .00 25,000.00 - 100,000.00 - 163,000.00 -182,500.00 - 188,800.00 -538,800.00 - 888,800.00 61,200.00 36,200.00 4,6'1,440.98 950,000.00 913,800.00 36,200.00 4,727,640.98 TOTALS FOR FUND 413 BELFAIR WW & WATER RECLAMATION 4,691,440.98 950,000.00 913,800.00 36,200.00 4,727,640.98 ,28 RESERVE LANDFILL 428.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 2 13 GEN 02/04/25 3 33 GEN 03/05/25 4 79 GEN 04/07/25 5 108 GEN 05/08/25 6 17 GEN 06/04/25 8 16 GEN 08/05/25 8 83 GEN 08/07/25 9 74 GEN 09/05/25 9 265 GEN 09/18/25 428-111400 440,760.00 INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED INV INVESTMENT LIQUIDATED INV INVESTMENT ACQUIRED INV INVESTMENT LIQUIDATED 440,761.00 TOTALS FOR FUND ,28 RESERVE LANDFILL 440,760.00 2,900.00 1,200.00 1,400.00 350.00 1,100.00 1,500.00 .00 1,500.00 .00 9,950.00 9,950.00 .00 .00 .00 .00 .00 .00 100.00 .00 10.00 110.00 110.00 2,900.00 4,100.00 5,500.00 5,850.00 6,950.00 8,450.00 8,350.00 9,850.00 9,840.00 9,840.00 9,840.00 450,600.00 450,600.00 501 EQUIPMENT RENTAL & REVOLVING 501.000000.000.000.000.00.111400.0000.00. CASH IN INVESTMENTS 5,547,000.00 1 4 6 8 32 GEN 01/07/25 INV 79 GEN 04/07/25 INV 17 GEN 06/04/25 INV 16 GEN 08/05/25 INV INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED INVESTMENT ACQUIRED 172,000.00 26,000.00 12,000.00 90,000.00 .00 .00 .00 .00 172,000.00 198,000.00 210,000.00 300,000.00 Report generated: 10/09/2025 15:25 user: schusta Program IP: glatrbal Page 9 Mason County, WA Enterprise ERR ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 501 ,CCOUNT .000UNT NAME, PER JNL SRC EFI DATE REFERENCE BEG.. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 9 74 GEN 09/05/25 INV 9 165 GEN 09/11/25 INV 9 317 GEN 09/23/25 INV 9 359 GEN 09/24/25 INV 501-111400 INVESTMENT ACQUIRED INVESTMENT LIQUIDATED INVESTMENT LIQUIDATED INVESTMENT LIQUIDATED 5,547,000.00 440,000.00 .00 .00 .00 740,000.00 .00 30,000.00 20,000.00 8,000.00 58,000.00 740,000.00 710,000.00 690,000.00 682,000.00 682,000.00 6,229,000.00 TOTALS FOR FUND 501 EQUIPMENT RENTAL & REVOLVING 5,547,000.00 740,000.00 58,000.00 .00 .00 .00 .00 225,000.00 225,000.00 327,254.71 662 CEMETERY DISTRICT #1 662.001010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 92,000.00 3 240 GEN 03/19/25 INV INVESTMENT ACQUIRED 66200020-111400 92,000.00 30,000.00 30,000.00 TOTALS FOR FUND 662 CEMETERY DISTRICT #1 92,000.00 30,000.00 .65 FIRE DISTRICTS 665.004020.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 236 GEN 01/16/25 INV 9 317 GEN 09/23/25 INV 66500680-111400 665.005020.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 7 220 GEN 07/16/25 INV 66500830-111400 665.005040.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 66500880-111400 665.006020.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 66501030-111400 665.010010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS - POOL 3,198,074.83 1 112 GEN 01/13/25 INV INVESTMENT LIQUIDATED 2 76 GEN 02/10/25 INV INVESTMENT LIQUIDATED 2 216 GEN 02/19/25 INV INVESTMENT LIQUIDATED 3 92 GEN 03/10/25 INV INVESTMENT LIQUIDATED 4 79 GEN 04/07/25 INV INVESTMENT LIQUIDATED 5 179 GEN 05/12/25 INV INVESTMENT ACQUIRED 6 80 GEN 06/06/25 INV INVESTMENT LIQUIDATED 7 76 GEN 07/07/25 INV INVESTMENT LIQUIDATED 8 538 GEN 08/13/25 INV INVESTMENT ACQUIRED 9 86 GEN 09/08/25 INV INVESTMENT LIQUIDATED INVESTMENT 700,461.92 INVESTMENT ACQUIRED INVESTMENT LIQUIDATED 120,000.00 .00 700,461.92 120,000.00 744,179.71 LIQUIDATED 744,179.71 .00 .00 327,254.71 682,000.00 30,000.00 30,000.00 30,000.00 120,000.00 - 105,000.00 -105,000.00 - 327,254.71 -327,254.71 6,229,000.00 122,000.00 122,000.00 595,461.92 416,925.00 267,801.10 2.7,801.10 125,419.63 1 5,419..3 .00 .00 .00 267,801.10 .00 .00 . so 125,419.63 .00 .00 .00 .00 .00 1,236,126.47 .00 .00 244,749.22 .00 239,843.88 308,701.74 157,671.38 139,118.17 343,082.62 .00 3,491.87 552,495.42 .00 496,294.12 - 239,843.88 -548,545.62 - 706,217.00 - 845,335.17 -1,188,417.79 47,708.68 44,216.81 - 508,278.61 - 263,529.39 - 759,823.51 Report generated: 10/09/2025 15:25 User: SchustB Program ID: glatrbal Page 10 Mason County, WA Enterprise ERP r ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 665 'CCOUNT 'CCOUNT NAME PER MIL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 66510002-111400 665.010030.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 4 79 GEN 04/07/25 INV 5 179 GEN 05/12/25 INV 66010037-111400 665.012010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 66501730-111400 665.012020.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 18,726.64 1 349 GEN 01/28/25 INV INVESTMENT LIQUIDATED 3,198,074.83 13,864.65 INVESTMENT LIQUIDATED INVESTMENT LIQUIDATED 13,864.65 1,480,875.69 2,240,699.20 .00 .00 .00 6,636.68 1,225.88 7,862.56 -759,823.51 - 6,636.68 - 7,862.56 -7,862.56 2,438,251.32 6,002.09 3,000.00 3,000.00 .00 .00 .00 3,000.00 66501780-111400 665.012040.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 9,765.38 18,726.64 .00 .00 13,540.95 13,540.95 -13,540.95 -13,540.95 5,185.69 66501830-111400 665.013020.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 2,131.03 9,765.38 .00 .01 .00 9,765.38 66501980-111400 665.016010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 6 231 GEN 06/17/25 INV INVESTMENT 66502130-111400 665.016020.000.000.111.40.111400 2,131.03 .00 .00 .00 2,131.03 CASH IN INVESTMENTS 2 308 GEN 02/25/25 3 92 GEN 03/10/25 4 57 GEN 04/03/25 6 231 GEN 06/17/25 7 155 GEN 07/10/25 8 338 GEN 08/12/25 9 74 GEN 09/05/25 INV INV INV INV INV INV INV 5,248.67 LIQUIDATED 5,248.67 .00 .00 5,248.67 5,248.67 - 5,248.67 -5,248.67 .00 0000.00. INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 66502180-111400 665.016040.000.000.111.40.111400 CASH IN INVESTMENTS 700.00 50,942.08 ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 49,057.92 100,000.00 16,000.00 15,682.78 762.54 764.68 823.41 .00 .00 .00 .00 .00 .00 .00 49,057.92 149,057.92 165,057.92 180,740.70 181,503.24 182,267.92 183,091.33 0,9. .1: .00 183,091.33 234,033.41 6 231 GEN 06/17/25 INv 66502230-111400 665.017010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 30,531.68 8 872 GEN 08/20/25 INV INVESTMENT ACQUIRED 66502330-111400 665.017020.000.000.111.40.111400.0000.00. 0000.00. INVESTMENT LIQUIDATED .00 700.00 -700.00 11.00 .00 700.00 -700.00 .00 100,000.00 .00 100,000.00 0,531.6: 100,000.01 .00 100,000.00 130,531.68 Report generated: 10/09/2025 15:25 User: SchustB Program to: glatrbal Page 11 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 665 ,CCOUNT ,CCOUNT NAME PER 7NL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS' CREDITS NET CHANGE END BALANCE CASH IN INVESTMENTS 7 453 GEN 07/30/25 INV INVESTMENT ACQUIRED 8 821 GEN 08/19/25 INVLIQ INVESTMENT LIQUIDATED 66010168-111400 665.017040.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 8 872 GEN 08/20/25 INV 66502380-111400 665.018010.000.000.111.40.111400.0000.00. .00 150,000.00 .00 .00 150,000.00 .00 150,000.00 150,000.00 150,000.00 .00 .00 .00 86,665.44 INVESTMENT ACQUIRED 50,000.00 .00 50,000.00 86,665.44 50,000.00 .00 50,000.00 136,665.44 CASH IN INVESTMENTS 1 102 GEN 01/10/25 2 209 GEN 02/14/25 3 181 GEN 03/14/25 4 172 GEN 04/11/25 5 287 GEN 05/19/25 6 411 GEN 06/26/25 7 197 GEN 07/15/25 8 781 GEN 08/18/25 9 175 GEN 09/12/25 66502480-111400 665.018020.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 172,219.68 2 209 GEN 02/14/25 INV 3 181 GEN 03/14/25 INV 4 172 GEN 04/11/25 INV 5 287 GEN 05/19/25 INV 6 411 GEN 06/26/25 INV 7 197 GEN 07/15/25 INV 8 781 GEN 08/18/25 INV 9 175 GEN 09/12/25 INV 66502530-111400 665.018040.000.000.111.40.111400.0000.00. INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 425,489.48 LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED .00 63,447.41 .00 3,749.32 234,628.71 33,278.68 .00 .00 .00 425,489.48 335,104.12 113,145.26 .00 13,014.21 .00 .00 .00 93,950.23 70,255.30 34,139.23 324,504.23 -113,145.26 - 49,697.85 -62,712.06 - 58,962.74 175,665.97 208,944.65 114,994.42 44,739.12 10,599.89 10,599.89 436,089.37 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 1,529.95 618.85 558.65 618.31 599.56 618.45 601.44 625.77 .00 .00 .00 .00 .00 .00 .00 .00 1,529.95 2,148.80 2,707.45 3,325.76 3,925.32 4,543.77 5,145.21 5,770.98 172,219.68 5,770.98 .00 5,770.9: 177,990.66 CASH IN INVESTMENTS 1 102 GEN 01/10/25 2 209 GEN 02/14/25 3 181 GEN 03/14/25 4 172 GEN 04/11/25 5 287 GEN 05/19/25 6 411 GEN 06/26/25 7 197 GEN 07/15/25 8 781 GEN 08/18/25 9 175 GEN 09/12/25 66502630-111400 INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 480,583.14 LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED .00 .00 6,623.89 15,415.04 59,796.81 13,533.95 .00 9,023.81 5,762.69 13,343.21 2,268.28 .00 .00 .00 .00 2,744.15 .00 .00 - 13,343.21 -15,611.49 -8,987.60 6,427.44 66,224.25 79,758.20 77,014.05 86,037.86 91,800.55 480 583.14 110 156.19 18,355.64 91,800.55 572,383.69 Report generated: 10/09/2025 15:25 user: SchustB Program ID: glatrbal Page 12 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 668 ,CCOUNT ,CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE TOTALS FOR FUND 665 FIRE DISTRICTS 6,335,805.06 2,534,998.31 3,313,165.96 -778,167.65 5,557,637.41 668 MASON COUNTY TRANSIT 668.010010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 17,750,000.00 5 201 GEN 05/13/25 INV INVESTMENT ACQUIRED 8 135 GEN 08/08/25 INV INVESTMENT ACQUIRED 66800006-111400 17,750,000.00 6,000,000.00 10,000,000.00 16,000,000.00 .00 .00 .00 6,000,000.00 16,000,000.00 16,000,000.00 33,7 0,000.00 TOTALS FOR FUND 668 MASON COUNTY TRANSIT 17,750,000.00 16,000,000.00 .00 16,000,000.00 33,750,000.00 670 PORTS 670.005010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 2 92 GEN 02/11/25 INV 7 453 GEN 07/30/25 INv 67000130-111400 670.006010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 2 92 GEN 02/11/25 INV 5 32 GEN 05/06/25 INV 9 218 GEN 09/17/25 INV 67000180-111400 670.010010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 67000230-111400 670.020010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 67000280-111400 670.020030.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 67000330-111400 670.025010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 67020400-111400 670.030010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 67000380-111400 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 21,123.36 14,490.10 14,613.50 21,123.36 29,103.60 37.00 37.00 47,250.00 8,462.50 19,012.50 74 725.00 .00 .00 .00 .00 .00 .00 .00 14,490.10 29,103.60 29,103.60 47,250.00 55,712.50 74,725.00 74,725.00 50,226.96 74,762.00 200,000.00 200,000.00 .00 .00 .00 210,000.00 143,836.62 143,836..2 .00 .00 .00 143,836.62 7,832.30 7,832.30 .00 .00 .00 7,832.30 99,000.00 99,000.00 .00 .00 .00 99,000.00 318,836.50 31:,836.50 .00 .00 .00 318,836.50 Report generated: 10/09/2025 15:25 User: SchustB Program Io: glatrbal Page 13 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 675 'CCOUNT `CCOUNT NAME PER JNL SRC EFF DATE REFERENCE' BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE TOTALS FOR FUND 670 PORTS 790,665.78 103,828.60 .00 103,828.60 894,494.38 675 HOSPITAL DISTRICTS 675.001010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 4 163 GEN 04/10/25 INV INVESTMENT 4 294 GEN 04/22/25 INV INVESTMENT 5 4 GEN 05/01/25 INV INVESTMENT 5 212 GEN 05/14/25 INVLIQ INVESTMENT 6 80 GEN 06/06/25 INV INVESTMENT 6 141 GEN 06/12/25 INV INVESTMENT 7 132 GEN 07/09/25 INV INVESTMENT 7 155 GEN 07/10/25 INV INVESTMENT 7 453 GEN 07/30/25 INV INVESTMENT 8 83 GEN 08/07/25 INV INVESTMENT 8 178 GEN 08/11/25 INV INVESTMENT 9 165 GEN 09/11/25 INV INVESTMENT 67500080-111400 675.001015.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 32 GEN ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED .00 .00 1,500,000.00 1,000,000.00 .00 .00 4,825.85 .00 6,303.28 .00 1,500,000.00 .00 3,138.32 938.47 4,015,205.92 .00 .00 500,000.00 500,000.00 .00 1,000,000.00 .00 500,000.00 .00 1,500,000.00 .00 .00 1,500,000.00 2,500,000.00 2,000,000.00 1,500,000.00 1,504,825.85 504,825.85 511,129.13 11,129.13 1,511,129.13 11,129.13 14,267.45 15,205.92 4,000,000.00 15,205.92 15,205.92 1 65 GEN 1 80 GEN 1 149 GEN 1 314 GEN 1 467 GEN 2 30 2 2 2 52 92 284 2 418 3 67 3 133 3 133 3 181 3 265 4 107 5 108 5 493 6 7 8 9 9 GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN 80 GEN 133 GEN 178 GEN 17 GEN 165 GEN 92,075,870.29 01/07/25 INV INVESTMENT ACQUIRED 01/08/25 01/09/25 01/14/25 01/23/25 01/31/25 02/05/25 02/07/25 02/11/25 02/21/25 02/28/25 03/06/25 03/12/25 03/12/25 03/14/25 03/21/25 04/08/25 05/08/25 05/30/25 06/06/25 07/09/25 08/11/25 09/03/25 09/11/25 67500130-111400 675.001020.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 32 GEN 01/07/25 INV INVESTMENT INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED 377,520.52 .00 .00 1,000,000.00 .00 1,500,000.00 .00 368,783.28 1,800,000.00 .00 2,000,000.00 .00 467,260.92 1,500,000.00 1,500,000.00 .00 453,002.22 1,322,193.85 .00 615,318.35 383,272.24 363,094.46 .00 420,825.65 .00 1,000,000.00 1,000,000.00 .00 1,000,000.00 .00 1,000,000.00 .00 .00 1,000,000.00 .00 1,500,000.00 .00 .00 .00 500,000.00 .00 .00 1,012,077.25 .00 .00 .00 3,000,000.00 .00 9 ,075,870.29 14,071,271.49 11,012,077.25 ACQUIRED 69,720.54 256.25 .00 377,520.52 - 622,479.48 - 1,622,479.48 - 622,479.48 - 1,622,479.48 - 122,479.48 - 1,122,479.48 - 753,696.20 1,046,303.80 46,303.80 2,046,303.80 546,303.80 1,013,564.72 2,513,564.72 4,013,564.72 3,513,564.72 3,966,566.94 5,288,760.79 4,276,683.54 4,892,001.89 5,275,274.13 5,638,368.59 2,638,368.59 3,059,194.24 3,0 9,194.2• 256.25 95,135,064.53 Report generated: 10/09/2025 15:25 user: schustB Program ID: glatrbal Page 14 Mason County, WA .r . Enterprise ERP #y�1 ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 675 ACCOUNT A.CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 2 52 GEN 02/07/25 3 133 GEN 03/12/25 4 107 GEN 04/08/25 5 108 GEN 05/08/25 6 80 GEN 06/06/25 7 132 GEN 07/09/25 8 178 GEN 08/11/25 9 165 GEN 09/11/25 67500180-111400 INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 69,720. 4 258.90 251.27 226.57 250.00 242.45 250.32 243.68 253.14 2,232.58 .00 .00 .00 .00 .00 .00 .00 .00 .00 515.15 766.42 992.99 1,242.99 1,485.44 1,735.76 1,979.44 2,232.58 2,232.58 71,953.12 675.001035.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 32 GEN 01/07/25 2 52 GEN 02/07/25 3 133 GEN 03/12/25 4 107 GEN 04/08/25 5 108 GEN 05/08/25 6 80 GEN 06/06/25 7 132 GEN 07/09/25 8 178 GEN 08/11/25 9 165 GEN 09/11/25 67500230-111400 675.002015.000.000.111.40.111400.0000.00 CASH IN INVESTMENTS 9 152 GEN 09/10/25 INV 67500520-111400 INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 5,875,155.59 ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 5,875,155.59 22,673.20 22,914.87 22,241.89 20,054.09 22,136.33 21,470.07 22,172.74 21,587.51 22,430.63 197,681.33 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 22,673.20 45,588.07 67,829.96 87,884.05 110,020.38 131,490.45 153,663.19 175,250.70 197,681.33 197,681.33 6,072,836.92 • INVESTMENT ACQUIRED 580,000.00 175,000.00 .00 175,000.00 580,000.00 175,000.00 .00 175,000.00 755,000.00 TOTALS FOR FUND 675 HOSPITAL DISTRICTS 98,600,746.42 18,461,391.32 15,012,077.25 3,449,314.07 102,050,060.49 685 SCHOOL DISTRICTS 685.042010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 323 GEN 01/24/25 INV 9 152 GEN 09/10/25 INV 68500060-111400 685.042030.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 68500190-111400 685.042060.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 68500320-111400 685.042080.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 68500450-111400 685.042090.000.000.111.40.111400.0000.00. INVESTMENT INVESTMENT 294,819.29 LIQUIDATED LIQUIDATED 294 81•.29 .00 .00 .00 140,000.00 40,000.00 180,000.00 -140,000.00 -180,000.00 -180,000.00 114,819.29 524.67 524.67 .00 .00 .00 524.67 74,166.60 74,166.60 .00 .00 .00 74,166.60 1,683.69 1,683.69 .00 .00 .00 1,683.69 Report generated: 10/09/2025 15:25 user: SchustR Program Io: glatrbal Page 15 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 685 'CCQUNT C.COJNT NAME PER JNL' SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE CASH IN INVESTMENTS 68500580-111400 685.054010.000.000.111.40 CASH IN INVESTMENTS 1 467 GEN 01/31/25 3 12 GEN 03/04/25 4 373 GEN 04/25/25 5 493 GEN 05/30/25 7 431 GEN 07/28/25 9 3 GEN 09/02/25 9 478 GEN 09/30/25 68500710-111400 685.054030.000.000.111.40 CASH IN INVESTMENTS 1 467 GEN 01/31/25 INV INVESTMENT 3 12 GEN 03/04/25 INV INVESTMENT 4 373 GEN 04/25/25 INV INVESTMENT 5 493 GEN 05/30/25 INV INVESTMENT 7 431 GEN 07/28/25 INV INVESTMENT 9 3 GEN 09/02/25 INV INVESTMENT 9 478 GEN 09/30/25 INv 68500840-111400 685.054060.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 259,508.52 1 467 GEN 01/31/25 INV INVESTMENT ACQUIRED 3 12 GEN 03/04/25 INV INVESTMENT ACQUIRED 3 419 GEN 03/31/25 INV INVESTMENT ACQUIRED 4 373 GEN 04/25/25 INV INVESTMENT ACQUIRED 5 493 GEN 05/30/25 INV INVESTMENT ACQUIRED 7 431 GEN 07/28/25 INV INVESTMENT ACQUIRED 9 3 GEN 09/02/25 INV INVESTMENT ACQUIRED 9 478 GEN 09/30/25 INV INVESTMENT ACQUIRED 68500952-111400 685.054080.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 15,487.07 1 467 GEN 01/31/25 INV 3 12 GEN 03/04/25 INv 3 419 GEN 03/31/25 INV 4 373 GEN 04/25/25 INV 5 493 GEN 05/30/25 INv 7 431 GEN 07/28/25 INV 9 3 GEN 09/02/25 INV 9 478 GEN 09/30/25 INV 68500970-111400 685.054090.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 241,345.69 1 467 GEN 01/31/25 INV INVESTMENT ACQUIRED 100,216.95 100,216.95 .00 .00 .00 100,216.95 111400.0000.00. 332,608.07 INV INVESTMENT ACQUIRED INV INVESTMENT ACQUIRED INV INVESTMENT LIQUIDATED INV INVESTMENT ACQUIRED INV INVESTMENT LIQUIDATED INV INVESTMENT ACQUIRED INV INVESTMENT LIQUIDATED 332,608.07 120,000.00 59,000.00 .00 462,515.63 .00 139,002.22 .00 .00 .00 276,340.62 .00 371,000.00 .00 124,861.29 780,517.85 772,201.91 120,000.00 179,000.00 -97,340.62 365,175.01 -5,824.99 133,177.23 8,315.94 8,315.94 340,924.01 17,165.01 ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED 111400.0000.00. 118,782.82 .00 .00 471.63 514.35 .00 481.27 .00 945.40 .00 .00 3,333.70 116,918.51 INVESTMENT LIQUIDATED .00 40,000.00 76,918.51 WI fPUIRM 8,263.02 3,174.04 54,703.78 47,338.87 180,795.69 122,925.16 5,023.55 7,694.94 .00 .00 .00 .00 .00 .00 .00 .00 118,782.82 118,311.19 118,825.54 119,306.81 120,252.21 8,263.02 11,437.06 66,140.84 113,479.71 294,275.40 417,200.56 422,224.11 429,919.05 94,083.52 2 08.52 4 9,919.05 .00 429,919.05 689,427.57 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED 15,487.07 55.35 1,064.70 .00 .00 991.65 .00 58.81 60.38 .00 .00 250.00 172.16 .00 1,133.46 .00 .00 2,230.89 1,555.62 55.35 1,120.05 870.05 697.89 1,689.54 556.08 614.89 675.27 675.27 16,162.34 870.08 .00 870.08 Report generated: 10/09/2025 15:25 User: Schuste Program ID: glatrbal Page 16 Mason County, WA Enterprise ERP v; ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 685 .000UNT 'CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 3 12 GEN 03/04/25 3 419 GEN 03/31/25 4 373 GEN 04/25/25 5 493 GEN 05/30/25 7 431 GEN 07/28/25 9 3 GEN 09/02/25 9 478 GEN 09/30/25 68501100-111400 INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED 241,345.69 876.04 867.34 781.97 863.07 .00 841.00 28,721.84 33,821.34 .00 .00 .00 .00 188,758.30 .00 .00 188,758.30 1,746.12 2,613.46 3,395.43 4,258.50 - 184,499.80 - 183,658.80 - 154,936.96 -154,936.96 86,408.73 685.309010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 5 32 GEN 05/06/25 INV INVESTMENT 5 420 GEN 05/28/25 INV INVESTMENT 68501750-111400 685.309030.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 5 108 GEN 05/08/25 INV 5 158 GEN 05/08/25 INV 8 178 GEN 08/11/25 INV 9 478 GEN 09/30/25 INv 68501880-111400 685.309050.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 9 165 GEN 09/11/25 INV INVESTMENT 68502010-111400 685.309060.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 68502140-111400 685.309080.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 68502270-111400 685.309090.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 2 135 GEN 02/12/25 INV INVESTMENT 6 59 GEN 06/05/25 INV INVESTMENT 68502400-111400 685.311010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 7,758,776.29 .00 ACQUIRED LIQUIDATED .00 2,500,000.00 .00 .00 2,500,000.00 2,500,000.00 2,500,000.00 2,500,000.00 .00 .00 .00 INVESTMENT INVESTMENT INVESTMENT INVESTMENT LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED 3,771.55 .00 6,228.45 225,000.00 .00 10,000.00 .00 .00 225,000.00 -10,000.00 - 3,771.55 221,228.45 -3,771.55 3,771.55 231,228.45 235,000.00 -3,771.55 .00 253,918.98 LIQUIDATED .00 5,441.06 - 5,441.06 253,918.98 .00 5,441.06 -5,441.06 248,477.92 1,002,222.35 1,002,222. 5 331,868.38 .00 .00 .00 1,002,222.35 3 1,868.38 .10 .00 .00 331,868.38 284,967.54 LIQUIDATED LIQUIDATED .00 .00 204,000.00 15,000.00 - 204,000.00 - 219,000.00 84,96 .54 .00 19,001.00 -219,000.'0 6 ,967.54 1 467 GEN 01/31/25 INV 2 418 GEN 02/28/25 INV 3 419 GEN 03/31/25 INv 4 479 GEN 04/30/25 INV 5 493 GEN 05/30/25 INV 6 496 GEN 06/30/25 INV 7 518 GEN 07/31/25 INV 8 1074 GEN 08/29/25 INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED 47,061.65 59,870.89 206,317.18 .00 36,473.44 .00 390,553.37 374,610.81 .00 .00 .00 565,066.25 .00 299,418.98 .00 .00 47,061.65 106,932.54 313,249.72 - 251,816.53 - 215,343.09 -514,762.07 - 124,208.70 250,402.11 Report generated: 10/09/2025 15:25 user: schuste Program ID: glatrbal Page 17 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 685 ACCOUNT ACCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 9 478 GEN 09/30/25 INV INVESTMENT 68502530-111400 685.311030.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 467 GEN 01/31/25 2 418 GEN 02/28/25 3 419 GEN 03/31/25 4 479 GEN 04/30/25 5 493 GEN 05/30/25 6 496 GEN 06/30/25 7 518 GEN 07/31/25 8 1074 GEN 08/29/25 9 478 GEN 09/30/25 68502660-111400 685.311060.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 467 GEN 01/31/25 2 418 GEN 02/28/25 3 419 GEN 03/31/25 4 479 GEN 04/30/25 5 493 GEN 05/30/25 6 496 GEN 06/30/25 7 518 GEN 07/31/25 8 1074 GEN 08/29/25 9 478 GEN 09/30/25 68310190-111400 685.311080.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 467 GEN 01/31/25 2 418 GEN 02/28/25 3 419 GEN 03/31/25 4 479 GEN 04/30/25 5 493 GEN 05/30/25 6 496 GEN 06/30/25 7 518 GEN 07/31/25 8 1074 GEN 08/29/25 9 478 GEN 09/30/25 68502790-111400 685.311090.000.000.111.40.111400.0000.00. LIQUIDATED .00 480,866.88 -230,464.77 7,7 :, , 4,:: . 4 -230,464.77 7,528,311.52 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 2,374,936.89 ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED 2,374,936.89 58,270.99 8,091.50 .00 1,008,219.88 9,072.75 642.93 1,814.25 .00 .00 1,086,112.30 .00 .00 26,706.17 .00 .00 .00 .00 30,969.93 6,018.01 63,694.11 58,270.99 66,362.49 39,656.32 1,047,876.20 1,056,948.95 1,057,591.88 1,059,406.13 1,028,436.20 1,022,418.19 1,022,418.19 3,397,355.08 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 693.26 2.54 2.56 2.49 2.24 2.48 2.40 2.48 2.41 2.51 .00 .00 .00 .00 .00 .00 .00 .00 .00 2.54 5.10 7.59 9.83 12.31 14.71 17.19 19.60 22.11 693.26 22.11 .10 22.11 715.37 39,802.41 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED 1,799.88 .00 4,591.92 .00 9,413.11 .00 .00 .00 .00 .00 1,854.37 .00 1,071.19 .00 3,088.94 1,943.26 518.24 4,074.92 1,799.88 -54.49 4,537.43 3,466.24 12,879.35 9,790.41 7,847.15 7,328.91 3,253.99 09 43,056.40 CASH IN INVESTMENTS 1 467 GEN 01/31/25 2 418 GEN 02/28/25 3 419 GEN 03/31/25 4 479 GEN 04/30/25 5 493 GEN 05/30/25 6 496 GEN 06/30/25 7 518 GEN 07/31/25 8 1074 GEN 08/29/25 INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 466,803.72 LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED .00 25,371.74 .00 426,627.92 1,489.99 97.45 1,588.43 .00 66,951.67 .00 411,043.92 .00 .00 .00 .00 84,015.50 - 66,951.67 - 41,579.93 - 452,623.85 - 25,995.93 - 24,505.94 - 24,408.49 - 22,820.06 - 106,835.56 Report generated: 10/09/2025 15:25 User: SchustB Program ID: glatrbal Page 18 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 685 'CCOUNT 'CCOUNT NAME PER 'JAIL SRC EFF DATE REFERENCE BEG. BALANCE .DEpITS CREDITS NET CHANGE END BALANCE 9 478 GEN 09/30/25 INV INVESTMENT ACQUIRED 68502920-111400 685.402010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 466,803.72 1,601.39 456,776.92 .00 562,011.09 -105,234.17 -105,234.17 361,569.55 68503050-111400 685.402060.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 68503310-111400 685.402080.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 68503440-111400 685.402090.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 68503570-111400 685.403010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 5,000.00 5,000.00 .00 .00 .00 5,000.00 282,500.00 282,500.00 .00 .00 .00 282,500.00 40,341.33 40,341.33 .00 .00 .00 40,341. 3 273,117.51 273,117.51 t0 .00 .00 273,117.51 1 149 GEN 01/14/25 1 467 GEN 01/31/25 2 209 GEN 02/14/25 2 418 GEN 02/28/25 3 181 GEN 03/14/25 3 419 GEN 03/31/25 4 205 GEN 04/16/25 4 479 GEN 04/30/25 5 262 GEN 05/15/25 5 493 GEN 05/30/25 6 192 GEN 06/13/25 6 496 GEN 06/30/25 7 171 GEN 07/14/25 7 518 GEN 07/31/25 8 777 GEN 08/15/25 8 1074 GEN 08/29/25 9 202 GEN 09/16/25 9 478 GEN 09/30/25 68503700-111400 685.403030.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 149 GEN 01/14/25 INV INVESTMENT 1 467 GEN 01/31/25 INV INVESTMENT 2 209 GEN 02/14/25 INV INVESTMENT 2 418 GEN 02/28/25 INV INVESTMENT 3 181 GEN 03/14/25 INV INVESTMENT 3 419 GEN 03/31/25 INV INVESTMENT 4 205 GEN 04/16/25 INV INVESTMENT 4 479 GEN 04/30/25 INV INVESTMENT 5 262 GEN 05/15/25 INV INVESTMENT INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 435,710.21 LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED 435,710.21 .00 495,096.77 .00 295,404.74 137,226.69 .00 11,412.83 291,855.89 1,185,372.64 .00 194,299.37 .00 7,192.86 1,460,369.00 .00 664,011.73 .00 .00 4,742,24 . 89,909.04 .00 393,735.20 .00 .00 53,020.36 .00 .00 .00 1,246,761.82 .00 634,336.96 .00 .00 376,819.24 .00 247,361.45 181,720.98 -89,909.04 405,187.73 11,452.53 306,857.27 444,083.96 391,063.60 402,476.43 694,332.32 1,879,704.96 632,943.14 827,242.51 192,905.55 200,098.41 1,660,467.41 1,283,648.17 1,947,659.90 1,700,298.45 1,518,577.47 3,223,665.05 1,518,577.47 1,954,287.68 297,399.64 ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED 913.30 6,656.90 50,853.67 .00 894.88 .00 1,065.62 .00 .00 .00 .00 .00 110,050.00 .00 73,314.51 .00 14,507.83 85,913.72 913.30 7,570.20 58,423.87 -51,626.13 -50,731.25 - 124,045.76 - 122,980.14 - 137,487.97 - 223,401.69 Report generated: 10/09/2025 15:25 User: schusts Program ID: glatrbal Page 19 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 685 ,CCOUNT ,CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 5 493 GEN 05/30/25 Div 6 192 GEN 06/13/25 INV 6 496 GEN 06/30/25 INV 7 171 GEN 07/14/25 INV 7 518 GEN 07/31/25 INV 8 777 GEN 08/15/25 INV 8 1074 GEN 08/29/25 INV 9 202 GEN 09/16/25 INV 68503830-111400 685.403060.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED 149,133.58 .00 .00 432.17 167,873.53 .00 .00 103.60 .00 356.38 199,224.09 .00 .00 21,704.39 18,592.07 .00 - 74,268.11 - 74,624.49 -273,848.58 - 273,416.41 -105,542.88 - 127,247.27 - 145,839.34 - 145,735.74 151,663.90 1 149 1 467 2 209 3 181 4 205 4 479 5 262 5 493 6 192 7 171 8 777 9 202 GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN 01/14/25 01/31/25 02/14/25 03/14/25 04/16/25 04/30/25 05/15/25 05/30/25 06/13/25 07/14/25 08/15/25 09/16/25 68503960-111400 685.403080.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 418,978.81 1 149 GEN 01/14/25 INV 1 467 GEN 01/31/25 INv 2 209 GEN 02/14/25 INV 2 418 GEN 02/28/25 INV 3 181 GEN 03/14/25 INV 3 419 GEN 03/31/25 INV 4 205 GEN 04/16/25 INV 4 479 GEN 04/30/25 INV 5 262 GEN 05/15/25 INV 5 493 GEN 05/30/25 INV 6 192 GEN 06/13/25 INV 6 496 GEN 06/30/25 INV 7 171 GEN 07/14/25 INV 7 518 GEN 07/31/25 INV 8 777 GEN 08/15/25 INV 8 1074 GEN 08/29/25 INV 9 202 GEN 09/16/25 INV 9 478 GEN 09/30/25 INV 68504090-111400 685.403090.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 628,306.64 1 149 GEN 01/14/25 INV INVESTMENT ACQUIRED 1 467 GEN 01/31/25 INV INVESTMENT LIQUIDATED INV INV INV INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 845,274.10 ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 845,274.10 32,633.95 .00 11,550.28 234,481.59 208,608.74 .00 1,155,540.66 .00 354,606.05 37,011.58 38,334.32 24,211.59 2,096,978.76 .00 162,307.14 .00 .00 .00 8,500.20 .00 425,746.63 .00 .00 .00 .00 32,633.95 -129,673.19 -118,122.91 116,358.68 324,967.42 316,467.22 1,472,007.88 1,046,261.25 1,400,867.30 1,437,878.88 1,476,213.20 1,500,424.79 596,553.97 1,500,424.79 2,345,698.89 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED 12,939.37 .00 5,186.88 .00 15,747.06 .00 .00 .00 .00 7,638.20 .00 .00 .00 42.92 2,090.23 1,563.33 5,762.74 .00 .00 8,719.84 .00 5,758.69 .00 27,319.39 1,415.70 19,338.14 1,529.30 .00 1,053.01 30,202.35 201.54 .00 .00 .00 .00 3,609.65 12,939.37 4,219.53 9,406.41 3,647.72 19,394.78 - 7,924.61 - 9,340.31 - 28,678.45 -30,207.75 - 22,569.55 - 23,622.56 -53,824.91 - 54,026.45 - 53,983.53 - 51,893.30 - 50,329.97 - 44,567.23 - 48,176.88 370,801.93 2,378.59 .00 .00 449,606.89 2,378.59 - 447,228.30 Report generated: 10/09/2025 15:25 User: Schuste Program ID: glatrbal Page 20 Mason County, WA Enterprise ERR ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 685 I CCOUNT ++CQOUNT NAME �e 'EFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 2 209 GEN 02/14/25 INV INVESTMENT ACQUIRED 3 181 GEN 03/14/25 INV INVESTMENT ACQUIRED 4 205 GEN 04/16/25 INV INVESTMENT ACQUIRED 5 262 GEN 05/15/25 INV INVESTMENT ACQUIRED 6 192 GEN 06/13/25 INV INVESTMENT ACQUIRED 7 171 GEN 07/14/25 INV INVESTMENT ACQUIRED 8 777 GEN 08/15/25 INV INVESTMENT ACQUIRED 8 1074 GEN 08/29/25 INV INVESTMENT ACQUIRED 9 202 GEN 09/16/25 INV INVESTMENT ACQUIRED 9 478 GEN 09/30/25 INV INVESTMENT LIQUIDATED 68504220-111400 2,402.40 2,276.93 588.75 2,161.27 638.37 662.04 646.80 285,219.93 672.03 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 164,647.17 - 444,825.90 - 442,548.97 -441,960.22 - 439,798.95 - 439,160.58 -438,498.54 - 437,851.74 -152,631.81 - 151,959.78 - 316,606.95 311,699.69 685.404010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 543,786.11 1 467 GEN 01/31/25 INV INVESTMENT ACQUIRED 2 418 GEN 02/28/25 INV INVESTMENT LIQUIDATED 3 419 GEN 03/31/25 INV INVESTMENT ACQUIRED 4 479 GEN 04/30/25 INV INVESTMENT ACQUIRED 5 493 GEN 05/30/25 INV INVESTMENT LIQUIDATED 7 32 GEN 07/02/25 INV INVESTMENT ACQUIRED 7 518 GEN 07/31/25 INV INVESTMENT LIQUIDATED 9 478 GEN 09/30/25 INV INVESTMENT LIQUIDATED 68504350-111400 685.404030.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1,006,315.00 1 467 GEN 01/31/25 INV INVESTMENT LIQUIDATED 2 418 GEN 02/28/25 INV INVESTMENT ACQUIRED 3 419 GEN 03/31/25 INV INVESTMENT LIQUIDATED 4 479 GEN 04/30/25 INV INVESTMENT LIQUIDATED 5 493 GEN 05/30/25 INV INVESTMENT ACQUIRED 7 32 GEN 07/02/25 INV INVESTMENT LIQUIDATED 7 518 GEN 07/31/25 INV INVESTMENT LIQUIDATED 8 1074 GEN 08/29/25 INV INVESTMENT ACQUIRED 9 478 GEN 09/30/25 INV INVESTMENT LIQUIDATED 68504480-111400 685.404050.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 68,912.16 1 467 GEN 01/31/25 INV INVESTMENT ACQUIRED 2 418 GEN 02/28/25 INV INVESTMENT ACQUIRED 3 419 GEN 03/31/25 INV INVESTMENT ACQUIRED 4 479 GEN 04/30/25 INV INVESTMENT ACQUIRED 5 493 GEN 05/30/25 INV INVESTMENT ACQUIRED 7 32 GEN 07/02/25 INV INVESTMENT ACQUIRED 7 518 GEN 07/31/25 INV INVESTMENT ACQUIRED 9 478 GEN 09/30/25 INV INVESTMENT ACQUIRED 68504610-111400 685.404060.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 27,298.39 1 467 GEN 01/31/25 INV INVESTMENT ACQUIRED 543,786.11 1,006,31 .00 72,000.00 .00 200,000.00 330,000.00 .00 66,908.00 .00 .00 .00 215,000.00 .00 .00 340,473.00 .00 174,000.00 182,000.00 72,000.00 -143,000.00 57,000.00 387,000.00 46,527.00 113,435.00 -60,565.00 -242,565.00 668,908.00 911,473.00 -242,565.00 .00 53,000.00 .00 .00 45,626.00 .00 .00 46,500.00 .00 29,500.00 .00 29,200.00 30,200.00 .00 62,557.00 213,000.00 .00 207,000.00 145,126.00 571,457.00 304.00 250.00 248.00 224.00 246.00 239.00 486.00 250.00 .00 .00 .00 .00 .00 .00 .00 .00 - 29,500.00 23,500.00 -5,700.00 - 35,900.00 9,726.00 -52,831.00 - 265,831.00 - 219,331.00 - 426,331.00 301,221.11 -42.,331.00 579,984.00 304.00 554.00 802.00 1,026.00 1,272.00 1,511.00 1,997.00 2,247.00 68,912.16 2,247.00 .00 2,247.00 71,159.16 112.00 .00 112.00 Report generated: 10/09/2025 15:25 user: SchustB Program ID: glatrbal Page 21 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 685 ,CCOUNT ,CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG BALANCE DEBITS CREDITS NET CHANGE END BALANCE 2 418 GEN 02/28/25 3 419 GEN 03/31/25 4 479 GEN 04/30/25 5 493 GEN 05/30/25 7 32 GEN 07/02/25 7 518 GEN 07/31/25 9 478 GEN 09/30/25 68504740-111400 INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 27,298.39 110.00 154.00 124.00 106.00 101.00 203.00 100.00 1,010.00 .00 .00 .00 .00 .00 .00 .00 .00 222.00 376.00 500.00 606.00 707.00 910.00 1,010.00 1,010.00 28,308.39 685.404080.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 467 GEN 01/31/25 2 418 GEN 02/28/25 3 419 GEN 03/31/25 4 479 GEN 04/30/25 5 493 GEN 05/30/25 7 32 GEN 07/02/25 7 518 GEN 07/31/25 8 1074 GEN 08/29/25 9 478 GEN 09/30/25 68504883-111400 685.404090.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 27,087.76 ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED 27,087.76 552.00 .00 2,100.00 .00 .00 .00 .00 2,600.00 100.00 5,352.00 .00 300.00 .00 75.00 24.00 550.00 2,950.00 .00 .00 3,899.00 552.00 252.00 2,352.00 2,277.00 2,253.00 1,703.00 -1,247.00 1,353.00 1,453.00 1,453.00 28,540.76 1 467 GEN 01/31/25 2 418 GEN 02/28/25 3 419 GEN 03/31/25 4 479 GEN 04/30/25 5 493 GEN 05/30/25 7 32 GEN 07/02/25 7 518 GEN 07/31/25 9 480 GEN 09/30/25 68504895-111400 INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 232,245.79 232,245.79 899.00 857.00 834.00 750.00 834.00 806.00 1,600.00 105,990.00 112,570.00 .00 .00 .00 .00 .00 .00 .00 .00 .00 899.00 1,756.00 2,590.00 3,340.00 4,174.00 4,980.00 6,580.00 112,570.00 112,570.00 344,815.79 TOTALS FOR FUND 685 18,987,560.38 15,273,024.37 12,673,483.13 2,599,541.24 21,587,101.62 SCHOOL DISTRICTS 690 WATER DISTRICTS 690.001010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 69000080-111400 690.001045.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 69000180-111400 690.002010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 69000430-111400 690.002020.000.000.111.40.111400.0000.00. 711.57 711.57 .00 .00 .00 711.57 1,048.51 1,048.51 15,401.05 15,401.05 .00 .00 .00 .00 .00 .00 1,048.51 15,401.05 Report generated: 10/09/2025 15:25 user: schusta Program ID: glatrbal Page 22 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 690 ,CCOUNT •CCOUNT NAME N RC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE CASH IN INVESTMENTS 9 478 GEN 09/30/25 INV 69000480-111400 690.002065.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 69000530-111400 690.002130.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 69000580-111400 690.003020.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 3 419 GEN 03/31/25 INV INVESTMENT 69000680-111400 690.005010.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 200,000.00 INVESTMENT ACQUIRED 26,983.79 26,983.79 40,000.00 ,0,000.00 .00 .00 40,000.00 ,0,'00.00 66,983.79 118,781.64 118,781.64 .00 .00 .00 118,781.64 8,533.18 8,533.18 .00 .00 .00 8,533.18 173,734.80 LIQUIDATED .00 26,994.62 -26,994.62 173,734.80 .00 26,994.62 -26,994.62 146,740.18 69000880-111400 690.005020.000.000.111.40.111400.0000.00. CASH IN INVESTMENTS 1 65 GEN 01/08/25 INV 2 30 GEN 02/05/25 INV 3 181 GEN 03/14/25 INV 4 57 GEN 04/03/25 INV 5 108 GEN 05/08/25 INV fo 6 17 GEN 06/04/25 INV 7 99 GEN 07/08/25 INV 8 538 GEN 08/13/25 INV 9 74 GEN 09/05/25 INV 69000930-111400 690.005030.000.000.111.40.111400.0000 CASH IN INVESTMENTS 1 65 GEN 01/08/25 INV INVESTMENT ACQUIRED 2 30 GEN 02/05/25 INV INVESTMENT ACQUIRED 3 181 GEN 03/14/25 INV INVESTMENT ACQUIRED 4 57 GEN 04/03/25 INV INVESTMENT ACQUIRED 5 108 GEN 05/08/25 INV INVESTMENT ACQUIRED 6 17 GEN 06/04/25 INV INVESTMENT ACQUIRED 7 99 GEN 07/08/25 INV INVESTMENT ACQUIRED 8 538 GEN 08/13/25 INV INVESTMENT ACQUIRED 9 74 GEN 09/05/25 INV INVESTMENT ACQUIRED 69000980-111400 690.005050.000.000.111.40.111400.0000 CASH IN INVESTMENTS 1 65 GEN 01/08/25 INV INVESTMENT ACQUIRED 2 30 GEN 02/05/25 INV INVESTMENT ACQUIRED 3 181 GEN 03/14/25 INV INVESTMENT ACQUIRED 200,000.00 .00 .00 .00 200,000.00 INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 497,940.43 ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 1,916.05 2,045.16 2,029.07 1,809.65 1,915.59 1,926.17 1,964.88 2,076.05 2,997.64 4'7,940.43 18,680.26 .00 .00 .00 .00 .00 .00 .00 .00 .00 1,916.05 3,961.21 5,990.28 7,799.93 9,715.52 11,641.69 13,606.57 15,682.62 18,680.26 .00 18,680.26 516,620.69 45,095.07 165.77 167.46 162.51 146.58 161.66 156.90 161.91 157.65 163.75 .00 .00 .00 .00 .00 .00 .00 .00 .00 165.77 333.23 495.74 642.32 803.98 960.88 1,122.79 1,280.44 1,444.19 45,095.07 1,444.19 .00 1,444.19 46,539.26 00. 00. 21,046.73 6,316.22 .00 6,341.14 .00 6,359.20 .00 6,316.22 12,657.36 19,016.56 Report generated: 10/09/2025 15:25 user: SchustB Program ID: glatrbal Page 23 Mason County, WA Enterprise ERP t; ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 690 ,CCOUNT ,CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 4 57 GEN 04/03/25 INv 5 108 GEN 05/08/25 INV 6 17 GEN 06/04/25 INV 7 99 GEN 07/08/25 INV 8 538 GEN 08/13/25 INV 9 74 GEN 09/05/25 INV 9 296 GEN 09/19/25 INV 69000032-111400 690.005070.000.000.111.40.111400.0000.00. INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED 6,371.89 6,398.80 6,423.87 6,447.42 6,466.71 6,493.81 .00 .00 .00 .00 .00 .00 .00 77,491.54 25,388.45 31,787.25 38,211.12 44,658.54 51,125.25 57,619.06 -19,872.48 21,046.73 57,619.06 77,491.54 -19,872.48 1,174.25 CASH IN INVESTMENTS 1 65 GEN 01/08/25 2 30 GEN 02/05/25 3 181 GEN 03/14/25 4 57 GEN 04/03/25 5 108 GEN 05/08/25 6 17 GEN 06/04/25 7 99 GEN 07/08/25 8 538 GEN 08/13/25 9 74 GEN 09/05/25 69001130-111400 INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED 47,057.72 172.98 174.74 169.57 152.97 168.70 163.72 168.96 164.51 170.88 .00 .00 .00 .00 .00 .00 .00 .00 .00 172.98 347.72 517.29 670.26 838.96 1,002.68 1,171.64 1,336.15 1,507.03 47,057.72 1,507.03 .00 1,507.03 48,564.75 TOTALS FOR FUND 690 WATER DISTRICTS 1,156,334.49 119,250.54 104,486.16 14,764.38 1,171,098.87 800 TREASURER S DAILY CASH 800.000000.000.010.111.40.111400.0000.00. CASH IN INVESTMENTS ST POOL 1 32 GEN 01/07/25 INV INVESTMENT 1 65 GEN 01/08/25 INV INVESTMENT 1 80 GEN 01/09/25 INV INVESTMENT 1 102 GEN 01/10/25 INV INVESTMENT 1 112 GEN 01/13/25 INV INVESTMENT 1 149 GEN 01/14/25 INV INVESTMENT 1 236 GEN 01/16/25 INV INVESTMENT 1 287 GEN 01/22/25 INV INVESTMENT 1 314 GEN 01/23/25 INV INVESTMENT 1 323 GEN 01/24/25 INV INVESTMENT 1 349 GEN 01/28/25 INV INVESTMENT 1 467 GEN 01/31/25 INV INVESTMENT 2 13 GEN 02/04/25 INV INVESTMENT 2 30 GEN 02/05/25 INV INVESTMENT 2 52 GEN 02/07/25 INV INVESTMENT 2 76 GEN 02/10/25 INV INVESTMENT 2 92 GEN 02/11/25 INV INVESTMENT 2 135 GEN 02/12/25 INV INVESTMENT 2 209 GEN 02/14/25 INV INVESTMENT 2 216 GEN 02/19/25 INV INVESTMENT 2 284 GEN 02/21/25 INV INVESTMENT 2 297 GEN 02/24/25 INV INVESTMENT 2 308 GEN 02/25/25 INV INVESTMENT 36,513,162.44 ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED 3,181,450.03 .00 .00 126,488.47 239,843.88 .00 .00 220,000.00 .00 140,000.00 13,540.95 3,501,158.54 1,201,600.00 .00 .00 308,701.74 .00 472,452.00 856,032.89 1,757,671.38 .00 247,500.00 .00 .00 3,181,450.03 8,571.02 3,172,879.01 4,500,000.00 -1,327,120.99 .00-1,200,632.52 .00-960,788.64 929,656.17 -1,890,444.81 5,000.00 -1,895,444.81 .00-1,675,444.81 2,000,000.00 -3,675,444.81 .00-3,535,444.81 .00-3,521,903.86 .00-20,745.32 .00 1,180,854.68 16,563.19 1,164,291.49 3,877,957.05 -2,713,665.56 .00-2,404,963.82 2,861,740.10 -5,266,703.92 .00-4,794,251.92 .00-3,938,219.03 .00-2,180,547.65 1,790,000.00 -3,970,547.65 .00-3,723,047.65 49,057.92 -3,772,105.57 Report generated: 10/09/2025 15:25 User: Schuste Program Io: glatrbal Page 24 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 800 ,CCOUNT ACCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 2 3 3 3 3 3 3 3 3 3 3 4 4 4 4 4 4 4 4 4 4 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 5 6 6 6 6 6 6 6 6 6 6 6 6 7 7 418 12 33 67 92 133 181 240 265 368 419 57 79 107 163 172 205 294 373 416 479 4 16 27 32 108 158 174 179 201 212 262 287 317 348 420 438 493 7 17 59 80 141 192 231 307 362 411 476 496 10 32 GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN 02/28/25 03/04/25 03/05/25 03/06/25 03/10/25 03/12/25 03/14/25 03/19/25 03/21/25 03/27/25 03/31/25 04/03/25 04/07/25 04/08/25 04/10/25 04/11/25 04/16/25 04/22/25 04/25/25 04/29/25 04/30/25 05/01/25 05/02/25 05/05/25 05/06/25 05/08/25 05/08/25 05/09/25 05/12/25 05/13/25 05/14/25 05/15/25 05/19/25 05/20/25 05/22/25 05/28/25 05/29/25 05/30/25 06/03/25 06/04/25 06/05/25 06/06/25 06/12/25 06/13/25 06/17/25 06/23/25 06/25/25 06/26/25 06/27/25 06/30/25 07/01/25 07/02/25 INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INV INVESTMENT INV INVESTMENT INVACQ INVESTMENT INVACQ INVESTMENT INV INVESTMENT INV INVESTMENT INV INVESTMENT INVLIQ INVESTMENT INV INVESTMENT INV INVESTMENT INVLIQ INVESTMENT INV INVESTMENT INV INVESTMENT INVLIQ INVESTMENT INVLIQ INVESTMENT INV INVESTMENT INVLIQ INVESTMENT INV INVESTMENT INV INVESTMENT INV INVESTMENT INV INVESTMENT INV INVESTMENT INV INVESTMENT INV INVESTMENT INV INVESTMENT INV INVESTMENT INVACQ INVESTMENT INV INVESTMENT INVACQ INVESTMENT INV INVESTMENT INV INVESTMENT INV INVESTMENT ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED 5,890,004.63 1,936,356.85 .00 .00 52,318.17 10,245.92 .00 .00 .00 204,300.00 5,182,331.26 3,874,606.24 6,519.30 .00 .00 1,120,276.99 1,779,739.76 500,000.00 2,227,877.59 9,500,000.00 21,707,654.68 500,000.00 4,000,000.00 4,403,767.08 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00 4,000,000.00 .00 1,119,399.84 1,973,284.77 .00 .00 .00 1,000,000.00 .00 .00 2,900,325.00 771,000.00 .00 1,000,000.00 1,165,528.54 650,000.00 .00 .00 2,117,899.06 .00 4,054,255.91 843,985.40 3,210,270.51 2,300,000.00 910,270.51 .00 962,588.68 .00 972,834.60 1,797,576.03 -824,741.43 30,000.00 -854,741.43 3,299,879.00 -4,154,620.43 .00-3,950,320.43 .00 1,232,010.83 .00 5,106,617.07 .00 5,113,136.37 473,282.88 4,639,853.49 2,437,000.00 2,202,853.49 .00 3,323,130.48 .00 5,102,870.24 .00 5,602,870.24 .00 7,830,747.83 .00 17,330,747.83 .00 39,038,402.51 .00 39,538,402.51 .00 43,538,402.51 .00 47,942,169.59 583,462.50 47,358,707.09 7,261,616.93 40,097,090.16 6,228.45 40,090,861.71 3,000,000.00 37,090,861.71 1,234,900.59 35,855,961.12 6,000,000.00 29,855,961.12 2,000,000.00 27,855,961.12 4,806,427.64 23,049,533.48 10,195,043.83 12,854,489.65 3,000,000.00 9,854,489.65 2,500,000.00 7,354,489.65 .00 11,354,489.65 3,000,000.00 8,354,489.65 .00 9,473,889.49 .00 11,447,174.26 2,889,770.66 8,557,403.60 939,263.81 7,618,139.79 582,864.85 7,035,274.94 .00 8,035,274.94 319,134.40 7,716,140.54 9,734.11 7,706,406.43 .00 10,606,731.43 .00 11,377,731.43 3,607,412.19 7,770,319.24 .00 8,770,319.24 .00 9,935,847.78 .00 10,585,847.78 4,947.00 10,580,900.78 Report generated: 10/09/2025 15:25 User: SchustB Program ID: glatrbal Page 25 Mason County, WA Enterprise ERP'(04 ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 800 'CCOUNT 'CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 76 99 132 155 166 171 197 220 278 324 355 394 431 447 453 518 521 7 16 25 83 135 178 338 538 777 781 821 872 935 1074 3 17 39 74 86 98 152 165 175 186 202 218 265 296 303 317 359 424 453 478 GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN 07/07/25 07/08/25 07/09/25 07/10/25 07/11/25 07/14/25 07/15/25 07/16/25 07/17/25 07/18/25 07/23/25 07/24/25 07/28/25 07/29/25 07/30/25 07/31/25 07/31/25 08/04/25 08/05/25 08/06/25 08/07/25 08/08/25 08/11/25 08/12/25 08/13/25 08/15/25 08/18/25 08/19/25 08/20/25 08/21/25 08/29/25 09/02/25 09/03/25 09/04/25 09/05/25 09/08/25 09/09/25 09/10/25 09/11/25 09/12/25 09/15/25 09/16/25 09/17/25 09/18/25 09/19/25 09/22/25 09/23/25 09/24/25 09/26/25 09/29/25 09/30/25 INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INVLIQ INV INVLIQ INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED 4,566,524.11 .00 150,251.42 .00 .00 .00 .00 327,254.71 800,000.00 2,335,000.00 .00 .00 557,021.20 .00 .00 .00 .00 9,000,000.00 1,361,276.66 1,600,000.00 .00 .00 673,936.03 .00 .00 907,452.28 60,630.05 150,000.00 .00 .00 7,759,587.53 .00 7,000,000.00 .00 .00 .00 .00 .00 .00 .00 1,200,000.00 216,611.49 .00 .00 77,491.54 1,300,000.00 1,195,000.00 323,000.00 .00 .00 6,435,277.84 .00 15,147,424.89 3,008,743.17 12,138,681.72 .00 12,288,933.14 3,653,762.54 8,635,170.60 600,000.00 8,035,170.60 45,097.11 7,990,073.49 548,924.07 7,441,149.42 .00 7,768,404.13 .00 8,568,404.13 .00 10,903,404.13 1,000,000.00 9,903,404.13 3,400,000.00 6,503,404.13 .00 7,060,425.33 700,000.00 6,360,425.33 1,664,613.50 4,695,811.83 833,609.18 3,862,202.65 784,030.54 3,078,172.11 .00 12,078,172.11 .00 13,439,448.77 .00 15,039,448.77 3,776,500.00 11,262,948.77 10,000,000.00 1,262,948.77 .00 1,936,884.80 764.68 1,936,120.12 2,446,614.14 -510,494.02 .00 396,958.26 .00 457,588.31 .00 607,588.31 150,000.00 457,588.31 3,048,000.00 -2,590,411.69 .00 5,169,175.84 141,591.88 5,027,583.96 .00 12,027,583.96 1,000,000.00 11,027,583.96 1,713,555.37 9,314,028.59 478,705.88 8,835,322.71 1,700,000.00 7,135,322.71 2,760,000.00 4,375,322.71 409,006.83 3,966,315.88 300,249.23 3,666,066.65 .00 4,866,066.65 .00 5,082,678.14 743,012.50 4,339,665.64 3,629,990.00 709,675.64 .00 787,167.18 .00 2,087,167.18 .00 3,282,167.18 .00 3,605,167.18 700,000.00 2,905,167.18 2,000,000.00 905,167.18 .00 7,340,445.02 Report generated: 10/09/2025 15:25 User: SchustB Program ID: glatrbal Page 26 Mason County, WA Enterprise ERP ACCOUNT TRIAL BALANCE FOR FY25/JAN TO SEP FUND 800 'CCOUNT `CCOUNT NAME PER JNL SRC EFF DATE REFERENCE BEG. BALANCE DEBITS CREDITS NET CHANGE END BALANCE 80000010-111400 800.000000.000.030.111.40.111400.0000.00. CASH IN INVESTMENTS AGENCY BND 1 2 3 3 3 4 4 5 5 5 5 6 7 7 8 8 8 9 9 236 151 191 265 303 282 494 201 381 393 420 250 339 431 979 979 1055 357 390 GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN GEN 01/16/25 INV 02/13/25 INV 03/17/25 INVMAT 03/21/25 INV 03/25/25 INV 04/21/25 INV 04/30/25 INVMAT 05/13/25 INV 05/23/25 INVLIQ 05/27/25 INVACQ 05/28/25 INV 06/18/25 INVLIQ 07/21/25 INv 07/28/25 INV 08/25/25 INVLIQ 08/25/25 INVLIQ 08/28/25 INV 09/23/25 INv 09/25/25 INV INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 80000030-111400 800.000000.000.040.111.40.111400.0000.00. CASH IN INVESTMENTS - REG WARR 4 2 GEN 04/01/25 INV 4 13 GEN 04/02/25 INV 4 79 GEN 04/07/25 INV 4 163 GEN 04/10/25 INV 6 496 GEN 06/30/25 INV 7 10 GEN 07/01/25 INV 7 155 GEN 07/10/25 INV 7 518 GEN 07/31/25 INV 80000040-111400 TOTALS FOR FUND 800 TREASURER S DAILY CASH INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT INVESTMENT 36,513,162.44 13,445,976.02 LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED LIQUIDATED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED ACQUIRED ACQUIRED LIQUIDATED ACQUIRED ACQUIRED LIQUIDATED LIQUIDATED .00 .01 137,738,291.36 130,397,846.34 .00 250,000.00 244,690.00 .00 .00 248,509.25 235,000.00 .00 250,000.00 .00 248,367.50 .00 .00 248,044.25 239,962.50 .00 .00 297,150.00 250,410.00 .00 .00 499,013.50 .00 249,359.58 .00 497,079.55 816,564.50 .00 .00 445,462.20 .00 246,443.75 708,365.00 .00 .00 249,817.25 250,068.50 .00 liffICIEMOTMIIMIMOIRMIgt 168,127.76 220.97 10,500.00 .00 2,829,804.75 11,865.21 .00 .00 ,020,518.69 .00 .00 .00 178,848.73 .00 .00 1,395,000.00 1,446,669.96 7,340,445.02 - 250,000.00 - 5,310.00 - 253,819.25 - 18,819.25 231,180.75 479,548.25 231,504.00 471,466.50 174,316.50 424,726.50 - 74,287.00 -323,646.58 - 820,726.13 - 4,161.63 - 449,623.83 - 696,067.58 12,297.42 - 237,519.83 12,548.67 43,853,607.46 12,548.67 13,458,524.69 3,020,518.69 168,127.76 168,348.73 178,848.73 .00 2,829,804.75 2,841,669.96 1,446,669.96 .00 .00 .00 49 959 138.46 REPORT TOTALS 250,329,924.82 144,002,238.05 210,974,873.19 136,649,244 36 7,352,993.69 180,481,204.54 57, 12,132.15 30,493,668.65 280,823,593.47 Report generated: 10/09/2025 15:25 user: SchustB Program Io: glatrbal Page 27 TO: Mason County Board of Commissioners & Finance Committee FROM: Brittany Pearson, Mason County Treasurer DATE: October 28, 2025 SUBJECT: Bank Loan Opportunity — Shetland Road IUD Background: The Mason County Treasurer's Office contacted NW Municipal Advisors to request quotes for potential bank loan options to fund the Shetland Road Road Improvement District (RID) project. NW Municipal Advisors provided two possible options for financing: 1. Cashmere Valley Bank Loan 2. Mason County Interfund Loan Loan Comparison: Description Project Total Estimated Closing Costs Total Loan Amount Interest Rate Loan Term Early Payoff Penalty Cost per Parcel (74 parcels) Annual Principal Payment Annual Interest Payment Total Annual Payment per Parcel Cashmere Valley Bank $178,206.40 $8,000.00 $186,206.40 3.70% — 4.40% (10-year term) 10 years None $2,516.30 $205.73 $110.72 $316.45 (10 years) Mason County Intcrfund Loan $178,206.40 $0.00 $178,206.40 6.20% (5-year term per policy)* 5 years N/A $2,408.19 $442.84 $101.14 $543.98 (5 years) *Per policy, the interfund loan rate is the State LGIP rate (4.20% as of 10/15/25) + 2% = 6.20%. However, the Board of Commissioners may set a different rate based on specific circumstances. As Treasurer, I recommend using the current LGIP rate of 4.20% to align more closely with current market rates. Pros and Cons: Cashmere Valley Bank Pros - Makes Public Works whole immediately - Lower annual payments for property owners Cons - Higher total interest costs over life of the loan - Longer repayment period (10 years) Recommendation: Mason County Interfund Loan Pros - Steady return on investment for Public Works in a lowering interest rate environment - Shorter loan term (5 years) - No loan closing costs Cons the - Public Works would be repaid over 5 years instead of immediately - Higher annual payments for property owners, though still less than originally anticipated Both options provide viable funding solutions for the Shetland Road RID. The Cashmere Valley Bank loan offers lower annual costs to property owners and no prepayment penalties, while the Mason County Interfund Loan avoids closing costs and provides internal reinvestment opportunities. Given current market conditions, I recommend the interfund loan using the LGIP rate of 4.20% to maintain fiscal flexibility and minimize external borrowing costs, unless the Board prefers the extended repayment structure for property owners. Finance Committee Business OLD BUSINESS: Shetland Road RID (Road Improvement District) - Loretta Swanson 9/30/2025 - Update - Lorretta Swanson updated that the RID road project was completed for a total of $178,206.40.The next step is to determine financing. See Financial considerations attached Pages 51-52 NEW BUSINESS Approve Meeting Minutes from April 15th, 2025. Annual Review and Approval Mason County Investment Policy - See Attached Respectfully Submitted: B riWui y Pecwoav►' Mason County Treasurer Mason County Finance Committee Meeting Minutes April 15, 2025 Committee Members in attendance: Liza Frazier, Treasurer & Committee Chair Pat Tarzwell Commissioner District 2 (substituting for Sharon Trask Commissioner District 3) Steve Duenkel, Auditor & Committee Secretary Others in attendance: Randy Neatherlin, Commissioner, District 1 Mark Neary, County Administrator Jennifer Beierle, Support Services Budget & Finance Manager Meeting Summary Treasurer Lisa Frazier opened the meeting at 9:22 a.m. and presented a review of the 2025 Q1 Mason County Finance Committee Report. The Current Expense Cash Balance as of March 31, 2025, is $24,317,261.79. This is a $1,486,765.33 decrease over the same period in 2024. General Fund Reserve contingency required per Contingency Policy (2021-034) at 15% is $7,337,611.05. The Cash Balance is $16,979,650.74 over the amount required. Total Reserves remain at $7,900,000.00. Cash and Investments total $275,575,954.00, with $256,845,035.48 in the Treasurer's invested Funds portfolio. Investment interest for 2025 as of March 31st totals $470,184.63. This interest gain is lower than the $950,000.00 estimated in the 2025 budget. Banking costs are $2,115.00 (per contract) with Bank of New York Mellon and remain $0.00 with Umpqua Bank due to approximately $8 million in deposits. Total county debt as of March 31st is $16,859,386.47, reflecting a $811.04 payment from the Beard's Cove Water District. Treasurer Frazier led the discussion on Old Business items. For the Shetland Road Improvement District, there is no update. Easement conveyances are still in progress. Completion of the associated road work is now expected to be complete in the late Spring / early Summer of 2025. The loan for this project will be needed in late 2025. The Treasurer's office had two banks respond with interest in lending the required funds (estimated at $375,000.00). With the delay in construction, the Treasurer's Office will continue to revisit financing options. As one option, the County could provide the loan. The Board of County Commissioners would determine the interest rate for such a loan. The meeting adjourned at 9:42 a.m. Steve Duenkel Auditor Mason County, Washington Investment Policy Adopted October 21, 2024 1. Policy It is the policy of Mason County to invest public funds in a manner that will provide maximum security while meeting the daily cash flow demands of the County while conforming to all state and local statutes governing the investment of public funds, while providing a market rate of return through budgetary and economic cycles. 2. Scope This investment policy applies to all financial assets of Mason County and its junior taxing districts. These funds are accounted for in the Mason County Comprehensive Annual Financial Report and include: • General Fund • Special Revenue Funds • Debt Service Funds (Unless prohibited by Bond indentures) • Capital Project Funds • Enterprise Funds • Trust and Agency Funds • Any new fund created by the legislative body, unless specifically exempted Should bond covenants be more restrictive than this policy, funds shall be invested in full compliance with those restrictions. 3. Prudence Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived. The standard of prudence to be used by investment officials shall be the "prudent person" standard and shall be applied in the context of managing an overall portfolio under prevailing economic conditions at the moment of investment commitments. Investment officers acting in accordance with written procedures and the investment policy and exercising due diligence shall be relieved of personal responsibility for an individual security's credit or market price changes, provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse developments. In determining whether an Investment official has exercised prudence with respect to an investment decision, the determination shall be made taking into consideration the investment of all funds over which the official had responsibility rather than a consideration as to the prudence of a single investment, and, whether the investment decision was consistent with the written investment policy of the entity. Mason County Investment Policy 2025 October 15, 2025 Page 1 of 16 4. Objectives The primary objectives, in priority order, of Mason County and junior or special district investment activities shall be: • Safety: Safety of the principal is the foremost objective of the Treasurer's investment program. Investments of Mason County and the junior taxing districts will be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, diversification is required in order that potential losses on individual securities do not exceed the income generated from the remainder of the portfolio. • Liquidity: The portfolio will remain sufficiently liquid to enable the County to meet all cash requirements that might reasonably be anticipated. This is accomplished by structuring the portfolio so that securities mature concurrent with cash needs to meet anticipated demands (static liquidity). Furthermore, since all possible cash demands cannot be anticipated, the portfolio should consist largely of securities with active secondary or resale markets (dynamic liquidity). • Return on Investment (Yield): The investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the County's investment risk constraints and liquidity needs. Return on investments is of secondary importance compared to the safety and liquidity objectives described above. The core of investments is limited to relatively low risk securities in anticipation of earning a fair rate of return relative to the risk being assumed. Securities shall generally be held until maturity with the following exceptions: • A security with declining credit may be sold early to minimize loss of principal. • A security swap would improve the quality, yield, or target duration of the portfolio. • Liquidity needs of the portfolio require that the security be sold early. 5. Delegation of Authority The authority to manage the County's investment program is vested in the Mason County Treasurer under the express authority granted in RCW 39.29.020. The County Treasurer shall establish written procedures for the operation of the investment program consistent with this investment policy. A The Treasurer may appoint an Investment Officer whose responsibilities will include initiating daily transactions in the investment portfolio based on liquidity and cash flow requirements of the County, junior and special taxing districts and their respective funds. B No person may engage in an investment transaction on behalf of the Treasurer without the express written consent of the Treasurer or the Investment Officer after consultation with the Treasurer. C Investments placed for the benefit of junior and special taxing districts shall be authorized by resolution of the governing body of such district or by an individual designated to have such authority. The Treasurer will select the specific investment instrument based on the amount and term of the investment instructions specified by the district. Mason County Investment Policy 2025 October 15, 2025 Page 2 of 16 6. Ethics and Conflict of Interest A Investment Officials will recognize that the investment portfolio is subject to public review and evaluation. The overall program will be designed and managed with a degree of professionalism that is worthy of the public trust. B Officers and employees involved in the investment process shall refrain from personal business activity that may conflict with the proper execution of the investment program, or may impair their ability to make impartial investment decisions. Investment officials shall disclose to the County Treasurer any material financial interests in financial institutions that conduct business with the County, and they shall further disclose any personal financial/investment positions that could be related to the performance of the County's portfolio particularly with regard to the time of purchases and sales. 7. Authorized Financial Dealers and Institutions A Selection of a primary bank for Mason County's general banking services for Mason County will be made by the County Treasurer. B The County Treasurer will maintain a list of financial institutions authorized to provide investment services. In addition, a list will also be maintained of approved security broker/dealers selected by credit worthiness. These may include "primary" dealers or regional dealers that qualify under Securities and Exchange Commission Rule 15C3-1 (uniform net capital rule). C As required by state law, (RCW 39.58), certificates of deposit will be purchased only from hose institutions approved by the Washington Public Deposit Protection Commission (PDPC) as eligible for deposit of public funds. The Treasurer will use the eligibility list provided by the PDPC as the approved depository list. The maximum amount placed in any one depository will not exceed the net worth of the institution as determined by the PDPC. D Qualified broker/dealers will be reviewed and selected by the County Treasurer on a routine basis. All broker/dealer and financial institutions who desire to do business with Mason County must supply the Treasurer with the following: • Annual audited financial statements • Proof of FINRA (Financial Industry Regulatory Authority) certification. • Proof of registration with the State of Washington. • A completed Broker/Dealer questionnaire and certification of having read the Mason County Investment Policy. E The County Treasurer will conduct a review of the financial condition of the firms at least every four years. A current audited financial statement is required to be on file for each financial institution and broker/dealer with whom the County invests. Mason County Investment Policy 2025 October 15, 2025 Page 3 of 16 8. Authorized Investments Mason County is empowered by statute (RCW 39.59 and RCW 39.60) to invest in the following types of securities: The County Treasurer may further restrict eligible investments by this policy at his/her discretion. • U.S. Treasury Obligations • • • U.S. Government Agency obligations and U.S. Government Sponsored Enterprises (GSE's) which may include, but are not limited to the following: Federal Farm Credit Bank (FFCB), Federal Home Loan Bank (FHLB), Government National Mortgage Association (GNMA), Federal Home Loan Mortgage Corporation (FHLMC), Federal National Mortgage Association (FNMA), Student Loan Marketing Corporation. Supranationals — Certificates, notes, or bonds of the United States, or other obligations of the United States or its agencies, or of any U.S. dollar denominated bonds, notes, or other obligations that are issued or guaranteed by supranational institutions, provided that, at the time of investment, the institution has the United States government as its largest shareholder. Corporate Notes, purchased on the secondary market, provided that the policy adheres to the investment policies and procedures adopted by the Washington State Investment Board, ** Please check the Washington State Investment Board's website for the most recent adopted policy and credit monitoring criteria. • Bankers Acceptances (BA's) purchased on the secondary market. • Commercial Paper, purchased in the secondary market, that the policy adheres to the investment policies and procedures adopted by the Washington State Investment Board, ** Please check the Washington State Investment Board's website for the most recent adopted policy and credit monitoring criteria. • Non-negotiable Certificates of Deposit of financial institutions which are qualified public depositories as defined by RCW 39.59 and in accordance with the restrictions therein. • Repurchase Agreements provided that a signed Master Repurchase Agreement shall be on file with the Mason County Treasurer's office for all financial institutions that enter into a repurchase agreement with Mason County. All repurchase agreements will be collateralized at a minimum of 102% of market value of principal and interest. The only eligible collateral for repurchase agreements will be direct obligations of the U.S. Treasury, U.S. Government Agency and/or U.S. Government instrumentality obligations. All securities shall be held in third party safekeeping. Third party safekeeping agreements must be entered into with a signed agreement between the safekeeping financial institution and the Mason County Treasurer. All securities in a repurchase agreement shall be priced daily to reflect current market conditions for both principal and accrued interest. Securities shall be purchased form either primary dealers or from institutions that are members of the Washington Public Depository. Credit worthiness of the institution will also be considered. A signed master repurchase agreement in conformance with the Public Securities Association (PSA) model agreement and supplemented with the Treasurer's policy on repurchase agreements must be executed prior to entering into a repurchase agreement transaction. Mason County Investment Policy 2025 Page 4 of 16 October 15, 2025 • Bonds of the State of Washington and any local government in the State of Washington. Which bonds have at the time of the investment one of the three highest credit ratings of a nationally recognized rating agency • General obligation bonds of a state other than the State of Washington and general obligations bonds of a local government of a state other than the State of Washington, which bonds have at the time of the investment one the three highest credit ratings of a nationally recognized rating agency. • Washington State Local Government Investment Pool (LGIP). The Mason County Treasurer will keep on file or have access to the Washington State Treasurer's Office website for the most recent LGIP Investment Policy, prospectus and operations manual. This policy will be assessed for safety of funds on deposit with the LGIP and risks associated with investment strategies. The LGIP prospectus states the following: a description of eligible securities; how interest and fees are calculated; how gains and losses are calculated; a description of how the securities are safeguarded, how often the securities are priced, and how often the program is audited; deposit and withdrawal restrictions; and information regarding how bond proceeds are accounted for in the LGIP. • Contracts, Promissory Notes or Loans as set out in RCW 36.29.010 (1) (d)_of a local government within Mason County, subject the compliance with RCW 39.56.030 • And other investments authorized by law. 9. Collateralization A: Repurchase Agreements: a. The collateral for repurchase agreements shall be U.S. Treasury or Agency securities with a term of maturity not to exceed the maximum maturity allowed by investment policy. b. Mortgage -backed securities of any maturity will not be accepted as collateral. c. In order to anticipate market changes and provide a level of security for all funds, the collateralization level will be at 102% of market value of principal and accrued interest. d. Collateral is to be delivered to and held by the trust department of the bank with whom the Treasurer is currently using as the City's/County's safekeeping custodian. Collateral held for repurchase agreements will be evidenced by safekeeping receipts provided to the Treasurer. e. At a minimum, the value of the securities must be marked market on a weekly basis. Prevailing market conditions may dictate more frequent repricing at the discretion of the Treasurer. Mason County Investment Policy 2025 Page 5 of 16 October 15, 2025 10. Safekeeping and Custody A. Delivery vs. Payment: All trades of marketable securities will be executed by delivery vs. payment (DVP) to ensure that securities are deposited with a third party custodian prior to the release of funds. B. Safekeeping: Securities will be held by an independent third -party custodian selected by the Treasurer. Safekeeping receipts will evidence all transactions. C. CD's: Certificates of deposit will be held by the Treasurer. 11. Diversification It is the policy of Mason County to diversify its investment portfolio. To eliminate risk of loss resulting from the over -concentration of assets in a specific maturity, issuer or class of securities, all cash and cash equivalent assets in all funds shall be diversified by maturity, issuer and by the class of security. Diversification strategies shall be determined and revised periodically by the County Finance Committee/Investment officer for all funds. In establishing specific diversification strategies, the following constraints shall apply: Washington State Local Government Investment Pool U.S. Treasury Obligations 100% 90% Federal Agency securities 90% Public Fund Interest Bearing Investment Accounts 50% Certificates of Deposit (CDs) 50% Repurchase Agreements (Repos) 20% Bonds of State of Washington or any local government in 20% the State of Washington Bonds of other states or local governments of a state other 20% than the State of Washington Supranationals 10% Banker's Acceptance (BA's) 10% Commercial Paper & Corporate Notes Combined 10% 12. Sale of Portfolio Any major changes in Investment Strategy including the liquidation of the portfolio shall require a majority vote by the County Finance Committee. Mason County Investment Policy 2025 Page 6 of 16 October 15, 2025 13. Maturities To the extent possible and to preclude sales of securities that could result in a loss, investments will be made to coincide with anticipated cash flow requirements. Because of inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds such as the Local Government Investment Pool, money market funds to ensure that appropriate liquidity is maintained to meet ongoing obligations. A. To this extent, a minimum of 25% of the portfolio, at the time of investment, will be comprised of investments maturing within a year. B. Satisfying this requirement, remaining funds may be invested in authorized securities not to exceed five years in maturity, except when compatible with a specific fund's investment needs. C. To ensure additional liquidity and provide for ongoing market opportunity the weighted average maturity and modified duration of the overall portfolio shall not exceed three years without the prior written approval of the Treasurer. 14. Internal Controls The County Treasurer is responsible for establishing and maintaining an internal control structure designed to ensure that the assets are protected from loss, theft or misuse. The internal controls shall, but is not limited to addressing the following points: • Control of collusion • Separation of transaction authority from accounting and recordkeeping • Custodial Safekeeping • Avoidance of physical delivery securities • Clear delegation of authority to subordinate staff members • Written confirmation of transactions for investments and wire transfers The Investment portfolio is subject to annual audit by the State Auditor's Office. The County Finance Committee may authorize the audit of the investment portfolio at any time by an independent outside auditor. 15. Performance Standards / Benchmarks The investment portfolio will be managed in accordance with the parameters specified within this policy. The investment portfolio will be designed to obtain an average rate of return during budgetary and economic cycles, consistent with the investment objectives and cash flow needs. A series of appropriate benchmarks shall be established against which performance shall be compared on a regular basis. The benchmark will be reflective of the actual securities being purchased and the risks undertaken. The benchmarks will have a similar weighted average maturity as the portfolio. Mason County Investment Policy 2025 October 15, 2025 Page 7 of 16 16. Reporting The County Treasurer shall provide the County Finance Committee and County Legislative Body consistent periodic reporting. These reports shall provide an accurate and meaningful representation of the investment portfolio, its performance versus the established benchmark, and compliance with the investment policy. Quarterly reports will include: • A listing of individual securities held at the end of the reporting period. • Average life and final maturity of all investments listed. • Coupon, discount or earnings rates. • Cost and market value. • Percentage of the portfolio in each investment category. • Measurement of the portfolio against the Treasury Bill Rate for the corresponding weighted average maturity of the investment portfolio. 17. Investment Policy Adoption Mason County's investment policy shall be adopted by resolution of the entity's statutory governing body (Finance Committee, pursuant to RCW 36.48.070) The policy shall be reviewed on an annual basis by the Finance Committee and the Finance Committee must approve any modifications. Approved this 28th day of October 2025. Mason County Finance Committee Brittany Pearson, Mason County Treasurer Chairperson Steve Duenkel, Mason County Auditor Secretary Sharon Trask, Mason County Board Chair Committee Member Mason County Investment Policy 2025 October 15, 2025 Page 8 of 16 GLOSSARY ACCRUED INTEREST - The interest accumulated on a bond since issue date or the last coupon payment. The buyer of the bond pays the market price and accrued interest, which is payable to the seller. AGENCY - A debt security issued by a federal or federally sponsored agency. Federal agencies are backed by the full faith and credit of the U.S. Government. Federally Sponsored Agencies (FSAs) are backed by each particular agency with a market perception that there is an implicit government guarantee. (Also see FEDERAL AGENCY SECURITIES and GOVERNMENT SECURITY) AMORTIZATION - In portfolio accounting, periodic charges made against interest income on premium bonds in anticipation of receipt of the call price at call or of par value at maturity. ASSET - Available property, as for payment of debts AVERAGE MATURITY - A weighted average of the expiration dates for a portfolio of debt securities. An income fund's volatility can be managed by shortening or lengthening the average maturity of its portfolio. BANKERS ACCEPTANCES (BAs) - Bankers Acceptances generally are created based on a letter of credit issued in a foreign trade transaction. They are used to finance the shipment of commodities between countries as well as the shipment of some specific goods within the United States. BAs are short-term, non -interest bearing notes sold at a discount and redeemed by the accepting bank at maturity for full face value. These notes trade at a rate equal to or slightly higher than Certificates of Deposit (CDs), depending on market supply and demand. Bankers Acceptances are sold in amounts that vary from $100,000 to $5,000,000, or more, with maturities ranging from 30 - 270 days. They offer liquidity to the investor as it is possible to sell BAs prior to maturity at the current market price. BANK WIRE - A virtually instantaneous electronic transfer of funds between two financial institutions. BASIS POINT - A measure of an interest rate, i.e., 1/100 of 1 percent, or .0001. BID - The indicated price at which a buyer is willing to purchase a security or commodity. When selling a security a bid is obtained. (See Offer) BOND - A long-term debt security, or IOU, issued by a government or corporation that generally pays a stated rate of interest and returns the face value on the maturity date. BOOK ENTRY SECURITIES - U.S. government and federal agency securities that do not exist in definitive (paper) form; they exist only in computerized files maintained by the Federal Reserve Bank. BOOK VALUE - The amount at which an asset is carried on the books of the owner. The book value of an asset does not necessarily have a significant relationship to market value. BROKER - A broker brings buyers and sellers together for a commission paid by the initiator of the transaction or by both sides. CERTIFICATES OF DEPOSIT - Certificates of Deposit, familiarly known as CDs, are certificates issued against funds deposited in a bank for a definite period of time and earning a specified rate of return. Certificates of Deposit bear rates of interest in line with money market rates current at the time of issuance. COLLATERAL: Property (as securities) pledged by a borrower to protect the interest of the lender. COMMERCIAL PAPER: An unsecured short-term promise to repay a fixed amount on a certain future date. Mason County Investment Policy 2025 October 15, 2025 Page 9 of 16 Commercial paper usually matures from 2 to 270 days and is traded on a discount basis. This debt instrument, issued by banks, companies and other borrowers, uses only their credit ratings to back the security. CORPORATE BOND/NOTE — A debt security issued by a corporation. The backing for the bond is usually the payment ability of the company, which is typically money to be earned from future operations. Corporate bonds are considered higher risk than government bonds. As a result, interest rates are almost always higher, even for higher credit quality companies. Most corporate bonds have maturities greater than one year. Corporate debt that matures in less than one year is typically called commercial paper. COMPETITIVE BID PROCESS - A process by which three or more institutions are contacted to obtain interest rates for specific securities. CREDIT QUALITY - The measurement of the financial strength of a bond issuer. This measurement helps an investor to understand an issuer's ability to make timely interest payments and repay the loan principal upon maturity. Generally, the higher the credit quality of a bond issuer, the lower the interest rate paid by the issuer because the risk of default is lower. Credit quality ratings are provided by nationally recognized rating agencies. CREDIT RISK - The risk that another party to an investment transaction will not fulfill its obligations. Credit risk can be associated with the issuer of a security, a financial institution holding the entity's deposit, or a third party holding securities or collateral. Credit risk exposure can be affected by a concentration of deposits or investments in any one investment type or with any one party. CUSTODIAN - An independent third party (usually bank or trust company) that holds securities in safekeeping as an agent for the county. DEALER - A dealer, as opposed to a broker, acts as a principal in all transactions, buying and selling for his own account. DEFEASE - To discharge the lien of an ordinance, resolution, or indenture relating to a bond issue, and in the process, render inoperative restrictions under which the issuer has been obliged to operate. Comment: Ordinarily an issuer may defease an indenture requirement by depositing with a trustee an amount sufficient to fully pay all amounts under a bond contract as they become due. DELIVERY - The providing of a security in an acceptable form to the County or to an agent acting on behalf of the County and independent of the seller. Acceptable forms can be physical securities or the transfer of book entry securities. The important distinction is that the transfer accomplishes absolute ownership control by the County DELIVERY VS PAYMENT - There are two methods of delivery of securities: Delivery vs. payment and delivery vs. receipt (also called free). Delivery vs. payment is delivery of securities with an exchange of money for the securities. Delivery vs. receipt is delivery of securities with an exchange of a signed receipt for the securities. DEPOSITARY - A person to whom something is entrusted, a depository. DEPOSITORY BANK - A local bank used as the point of deposit for cash receipts. DEPOSITORY INSURANCE - Insurance on deposits with financial institutions. For purposes of this policy statement, depository insurance includes: a) Federal depository insurance funds, such as those maintained by the Federal Deposit Insurance Corporation (FDIC) AND Federal Savings and Loan Insurance Corporation (FSLIC); and b) Public Deposit Protection Commission. Mason County Investment Policy 2025 Page 10 of 16 October 15, 2025 DISCOUNT - 1. (n.) selling below par; e.g., a $1000 bond selling for $900. 2. (v.) anticipating the effects of news on a security's value; e.g., "The market had already discounted the effect of the labor strike by bidding the company's stock down." DIVERSIFICATION - Dividing available funds among a variety of securities and institutions so as to minimize market risk. EFFECTIVE RATE - The yield you would receive on a debt security over a period of time taking into account any compounding effect. FACE VALUE - The value of a bond stated on the bond certificate; thus, the redemption value at maturity. Most bonds have a face value, or par, of $1,000. FEDERAL AGENCY SECURITIES - Several government -sponsored agencies, in recent years, have issued short and long-term notes. Such notes typically are issued through dealers, mostly investment banking houses. These Federal government -sponsored agencies were established by the U.S. Congress to undertake various types of financing without tapping the public treasury. In order to do so, the agencies have been given the power to borrow money by issuing securities, generally under the authority of an act of Congress. These securities are highly acceptable and marketable for several reasons, mainly because they are exempt from state, municipal and local income taxes. Furthermore, agency securities must offer a higher yield than direct Treasury debt of the same maturity to find investors, partly because these securities are not direct obligations of the Treasury. The main agency borrowing institutions are the Federal National Mortgage Association (FNMA), the Federal Home Loan Bank System (FHLB), and the Federal Farm Credit Bank System (FFCB). FEDERAL DEPOSIT INSURANCE (FDIC) - A Federal institution that insures bank deposits. The current limit is up to $100,000 per depository account. FEDERAL FARM CREDIT BANK — FFCB — The Farm Credit System is a nationwide network of borrower - owned lending institutions and specialized service organizations. Established by Congress in 1916 as the authority for certain predecessor entities, the System is the oldest of the Government -sponsored enterprises. Throughout its long history, the fundamental purpose of the System has remained the same: To provide American agriculture with sound and dependable credit at competitive interest rates. Currently, there are three Farm Credit Banks and one Agricultural Credit Bank providing funds and support services to approximately 78 locally owned Farm Credit Associations and numerous cooperatives nationwide. Approximately 40 percent of the real estate and non -real estate credit needs of U.S. agriculture are met by the System FEDERAL FUNDS RATE - The rate of interest at which Fed Funds are traded between banks. Fed Funds are excess reserves held by banks that desire to invest or lend them to banks needing reserves. The particular rate is heavily influenced through the open market operations of the Federal Reserve Board. Also referred to as the "Fed Funds rate." FEDERAL HOME LOAN BANK SYSTEM - FHLB — Created by the Federal Home Loan Bank Act of 1932 to increase the amount of funds available for lending institutions who provide mortgages and similar loan agreements to individuals. Having served its original objectives well, the FHLB system now primarily focuses on increasing the amount of loanable funds available for affordable housing and community development projects. It continues to have a material impact on housing and development financing offering funds to member institutions at rates that are usually lower than commercially competitive prices. The 11 banks of the FHLB Bank System are owned by over 7,300 regulated financial institutions from all 50 states, U.S. possessions, and territories. Mason County Investment Policy 2025 Page 11 of 16 October 15, 2025 FEDERAL HOME LOAN MORTAGAGE CORPORATION - FHLMC (Freddie Mac) - is a stockholder - owned, government -sponsored enterprise chartered by Congress in 1970 to keep money flowing to mortgage lenders in support of homeownership and rental housing for middle income Americans. FHLMC purchases, guarantees and securitizes mortgages to form mortgage -backed securities. The mortgage - backed securities that it issues tend to be very liquid and carry a credit rating close to that of U.S. Treasuries. FEDERAL NATIONAL MORTGAGE ASSOCIATION (FNMA) - FNMA, like GNMA, was chartered under the Federal National Mortgage Association Act in 1938. FNMA is a Federal corporation working under the auspices of the Department of Housing and Urban Development, HUD. It is the largest single provider of residential mortgage funds in the United States. Fannie Mae, as the corporation is called, is a private stockholder -owned corporation. The corporation's purchases include a variety of adjustable mortgages and second loans, in addition to fixed-rate mortgages. FNMA's securities are also highly liquid and are widely accepted. FNMA assumes and guarantees that all security holders will receive timely payment of principal and interest. FEDERAL RESERVE SYSTEM - The central bank of the United States which has regulated credit in the economy since its inception in 1913. Includes the Federal Reserve Bank, 14 district banks and the member banks of the Federal Reserve, and is governed by the Federal Board. FINANCIAL INSTITUTIONS - Establishments that include the circulation of money, the granting of credit, the making of investments, and the provision of banking facilities. FISCAL AGENCY - A financial institution that handles certain bond and coupon redemptions on behalf of the entity. GINNIE MAES (GNMAs) - Mortgage securities issued and guarantied, as to timely interest and principal payments, by the Government National Mortgage, an agency within the Department of Housing and Urban Development (HUD). GOVERNMENT SECURITY - Any debt obligation issued by the U.S. government, its agencies or instrumentalities. Certain securities, such as Treasury bonds and GNMA's, are backed by the government as to both principal and interest payments. Other securities, such as those issued by the Federal Home Loan Mortgage Corporation, or Freddie Mac, are backed by the issuing agency. HAIRCUT - This term describes the way brokers and clients protect themselves from market risk in doing repos. An entity wanting to finance the purchase of $100 million in Treasury bonds may borrow just $98 million of the money. The two percent difference between the amount of securities purchased and the amount of money borrowed is the haircut. Similarly, an entity looking to borrow $100 million may need to provide, as collateral, Treasury securities with a market price equal to $102 million. LIQUIDATION - Conversion into cash. LIQUIDITY - Refers to the ease and speed with which an asset can be converted into cash without a substantial loss in value. LOSS - The excess of the cost or book value of an asset over selling price. LOCAL GOVERNMENT INVESTMENT POOL (LGIP) - The aggregate of all funds from political subdivisions that are placed in the custody of the State Treasurer for investment and reinvestment. MARK -TO -MARKET - An adjustment in the valuation of a securities portfolio to reflect the current market values of the respective securities in the portfolio. This process is also used to ensure that margin accounts are in compliance with maintenance. Mason County Investment Policy 2025 Page 12 of 16 October 15, 2025 MARKETABILITY - Ability to sell large blocks of money market instruments quickly and at competitive prices. MARKET RISK - The risk associated with declines or rises in interest rates which cause an investment in a fixed -income security to increase or decrease in value. The risk that the market value of an investment, collateral protecting a deposit, or securities underlying a repurchase agreement will decline. MARKET VALUE - The price at which a security is trading and could presumably be sold. MASTER REPURCHASE AGREEMENT - An agreement between the investor and the dealer or financial institute. This agreement defines the nature of the transactions, identifies the relationship between the parties, establishes normal practices regarding ownership and custody of the collateral securities during the term of the investment, provides for remedies in the event of a default by either party and otherwise clarifies issues of ownership. MATURITY - The time when a security becomes due and at which time the principal and interest or final coupon payment is paid to the investor. NATIONALLLY RECOGNIZED STATISTICAL RATING ORGANIZATION (NRSRO) - A credit rating agency that issues credit ratings that the U. S Securities and Exchange Commission permits other financial firms to use for certain regulatory purposes. NET WORTH - A financial institutions available funds after their total liabilities have been deducted from their total assets. OFFER - The indicated price at which a seller is willing to sell a security or commodity. (See BID) When buying a security an offer is obtained. PAR VALUE - The nominal or face value of a debt security; that is, the value at maturity. PORTFOLIO - Collection of securities held by an investor. PREMIUM - The amount by which a bond sells above its par value. PRIMARY DEALERS - A pre -approved bank, broker/dealer or other financial institution that is able to make business deals with the U.S. Federal Reserve, such as underwriting new government debt. These dealers must meet certain liquidity requirements as well as provide a valuable flow of information to the Fed about the state of the worldwide markets. PRIME RATE - The interest rate a bank charges on loans to its most credit worthy customers. Frequently cited as a standard for general interest rate levels in the economy. PRINCIPAL - An invested amount on which interest is charged or earned. PRUDENCE - The ability to govern and discipline oneself by the use of reason. Shrewdness in the management of affairs. Able to use skill and good judgment in the use of resources. PUBLIC FUND INTEREST BEARING INVESTMENT ACCOUNTS- Bank accounts with Qualified Public Depositories which pay a rate of interest on the balance maintained. Used in diversifying the investment portfolio and most commonly used as part of a liquidity portfolio. Mason County Investment Policy 2025 Page 13 of 16 October 15, 2025 QUALIFIED PUBLIC DEPOSITORY - A financial institution which does not claim exemption from the payment of any sales or compensating use or ad valorem taxes under the laws of this state, which has segregated, for the benefit of the commission, eligible collateral having a value of not less than its maximum liability and which has been approved by the Public Deposit Protection Commission to hold public deposits. REGISTERED SECURITY - A security that has the name of the owner written on its face. A registered security cannot be negotiated except by the endorsement of the owner. REPRICING - The revaluation of the market value of securities. REPURCHASE AGREEMENT (REPO) - The Repo is a contractual transaction between an investor and an issuing financial institution (not a secured loan). The investor exchanges cash for temporary ownership of specific securities, with an agreement between the parties that on a future date, the financial institution will repurchase the securities at a prearranged price. An "Open Repo" does not have a specified repurchase date and the repurchase price is established by a formula computation. REVERSE REPOs - The opposite of the transaction undertaken through a regular repurchase agreement. In a "reverse" the City/County initially owns securities and the bank or dealer temporarily exchanges cash for this collateral. This is, in effect, temporarily borrowing cash at a high interest rate and is also known as securities lending. Most typically, a Repo is initiated by the lender of funds. Reverses are used by dealers to borrow securities they have shorted. SAFEKEEPING - A service to customers rendered by banks for a fee whereby all securities and valuables of all types and descriptions are held in the bank's vaults for protection, or in the case of book entry securities, are held and recorded in the customer's name and are inaccessible to anyone else. SALLIE MAES - Pooling of student loans guaranteed by the Student Loan Mortgage Association (SLMA) to increase the availability of education loans. The SLMA purchases the loans after buying them on the secondary market from lenders. SLMA stock is publicly traded. SECURITIES - Bonds, notes, mortgages, or other forms of negotiable or non-negotiable instruments. SECURITIES AND EXCHANGE COMMISION — (SEC) - A U.S. government agency that oversees securities transactions, activities of financial professionals and mutual fund trading to prevent fraud and intentional deception. The SEC consists of five commissioners who serve staggered five-year terms. No more than three of the commissioners may belong to the same political party. SETTLEMENT DATES - The day on which payment is due for a securities purchase. For stocks and mutual funds bought through an investment dealer, settlement is normally five business days after the trade date. Bonds and options normally settle one business day after the trade date mutual fund shares purchased directly by mail or wire settle on the day payment is received. SPREAD - (a) Difference between the best buying price and the best selling price for any given security. (b) Difference between yields on or prices of two securities of differing quality or differing maturities. (c) In underwriting, difference between price realized by the issuer and price paid by the investor. STRIPPED TREASURIES - U.S. Treasury debt obligations in which coupons are removed by brokerage houses, creating zero -coupon bonds. Mason County Investment Policy 2025 Page 14 of 16 October 15, 2025 SUPRANATIONAL INSTITUTIONS (SUPRA'S) — An international organization, or union, whereby member states transcend national boundaries or interests to share in the decision making and vote on issues pertaining to the wider grouping. It is formed by two or more central governments through international treaties. The purpose for creating a supranational is to promote economic development for the member countries. The International Bank for Reconstruction and Development (World Bank), the Inter - American Development Bank (IADB), IFC (International Finance Corporation) and ADB (Asian Development Bank) are examples of supra's. TRIPARTITE CUSTODIAN AGREEMENT - An agreement that occurs when a third party or custodian becomes a direct participant in a repurchase transaction. The custodian ensures that the exchange occurs simultaneously and that appropriate safeguards are in place to protect the investor's interest in the underlying collateral. THIRD -PARTY SAFEKEEPING - A safekeeping arrangement whereby the investor has full control over the securities being held and the dealer or bank investment department has no access to the securities being held. TIME DEPOSIT - Interest -bearing deposit at a savings institution that has a specific maturity. TREASURY BILLS - Treasury bills are short-term debt obligations of the U.S. Government. They offer maximum safety of principal since they are backed by the full faith and credit of the United States Government. Treasury bills, commonly called "T-Bills," account for the bulk of government financing, and are the major vehicle used by the Federal Reserve System in the money market to implement national monetary policy. T-Bills are sold in three, six, nine, and twelve-month bills. Because treasury bills are considered "risk -free," these instruments generally yield the lowest returns in the major money market instruments. TREASURY NOTES AND BONDS - While T-Bills are sold at a discount rate that establishes the yield to maturity, all other marketable treasury obligations are coupon issued. These include Treasury Notes with maturities from one to ten years and Treasury Bonds with maturities of 10-30 years. The instruments are typically held by banks and savings and loan associations. Since Bills, Notes and Bonds are general obligations of the U.S. Government, and since the Federal Government has the lowest credit risk of all participants in the money market, its obligations generally offer a lower yield to the investor than do other securities of comparable maturities. UNDERLYING SECURITIES - Securities transferred in accordance with a repurchase agreement. VENDOR - A business or individual who provides a service or product at a cost. WHEN ISSUED TRADES - Typically, there is a lag between the time a new bond is announced and sold and the time it is actually issued. During this interval, the security trades "WI," "when, as, and if issued." WI - When, as, and if issued. See When Issued Trades. YIELD - The rate at which an investment pays out interest or dividend income, expressed in percentage terms and calculated by dividing the amount paid by the price of the security and annualizing the result. YIELD BASIS - Stated in terms of yield as opposed to price. As yield increases for a traded issue, price decreases and vice versa. Charts prepared on a yield basis appear exactly opposite of those prepared on a price basis. Mason County Investment Policy 2025 Page 15 of 16 October 15, 2025 YIELD SPREAD - The variation between yields on different types of debt securities; generally a function of supply and demand, credit quality and expected interest rate fluctuations. Treasury bonds, for example, because they are so safe, will normally yield less than corporate bonds. Yields may also differ on similar securities with different maturities. Long-term debt, for example, carries more risk of market changes and issuer defaults than short-term debt and thus usually yields more. ZERO -COUPON BONDS - Securities that do not pay interest but are instead sold at a deep discount from face value. They rise in price as the maturity date nears and are redeemed at face value upon maturity. Mason County Investment Policy 2025 Page 16 of 16 October 15, 2025