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Indian River County, Florida Notes To Financial Statements Year Ended September 30, 2012 NOTE 4 - CASH AND CASH EQUIVALENTS - Continued D. OPEB Trust Investments - Continued The contribution of $2.96 million for the year ended September 30, 2012 was invested in the various funds listed below. As of September 30, 2012, the OPEB Trust had the following investments: Investment Type Short -Term Portion: Weighted Average Maturity Portfolio Credit Fair Value InYears Percentage Risks* Fidelity Treasury Money Market $ 1,493,663 Long -Term Portion: 0.15 13.79 % AAAm Vanguard 500 Index 2,105,515 N/A 19.43 N/A Vanguard All World Ex -US 1,948,813 N/A 17.99 N/A Vanguard Mid Cap Index 466,038 N/A 4.30 N/A Vanguard Small Cap Index 228,588 N/A 2.11 N/A Vanguard Short -Term Treasury 2,179,647 2.20 20.12 AA+ Vanguard Intermediate Treasury 1,500,241 5.50 13.85 AA+ Vanguard Prime Money Market 705,586 0.16 6.51 A-1 Vanguard Federal Money Market 205,565 0.16 1.90 A-1 Total Fair Value $ 10,833,656 100.00 * Ratings based upon Standard and Poor's NOTE 5 - PROPERTY TAX REVENUES Taxable values for all property are established as of January 1, which is the date of lien, for the fiscal year starting October 1. Property tax revenues recognized for the 2011-2012 fiscal year were levied in October 2011. All taxes are due and payable on November 1 or as soon as the assessment roll is certified and delivered to the Tax Collector. Discounts are allowed for early payment at the rate of 4% in November, 3% in December, 2% in January, and 1% in February. Taxes paid in March are without discount. All unpaid taxes become delinquent as of April 1. Virtually all unpaid taxes are collected via the sale of tax certificates on or prior to June 1; therefore, there were no material taxes receivable at fiscal year end. 65