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Indian River County, Florida Notes To Financial Statements Year Ended September 30, 2017 NOTE 3 - CASH AND INVESTMENTS - Continued D. OPEB Trust Investments - Continued As of September 30, 2017, the OPEB Trust had the following investments: Weighted Average Maturity Portfolio Investment Type Fair Value in Years Percentage Vanguard 500 Index $ 6,233,563 N/A 22.57 % Vanguard All World Ex -US 5,522,817 N/A 20.00 Vanguard Mid Cap Index 1,395,305 N/A 5.05 Vanguard Small Cap Index 711,157 N/A 2.57 Vanguard Short -Term Treasury 8,273,199 2.10 29.95 Vanguard Intermediate Treasury 2,736,053 5.70 9.91 Vanguard Prime Money Market 2,541,507 0.14 9.20 Vanguard Federal Money Market 207,288 0.15 0.75 Total Fair Value $ 27,620,889 100.00 % The County has the following recurring fair value measurements for investments in the OPEB Trust as of September 30, 2017: Index funds U.S. government securities funds Money market fund Total investments Level Level Level Total $ 13,862,842 11,216,540 2,541,507 $ 27,620,889 NOTE 4 - PROPERTY TAX REVENUES $ - $ - $ 13,862,842 11,216,540 2,541,507 $ - $ - $ 27,620,889 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 2016-2017 fiscal year were levied in October 2016. 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.