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Monthly Financial Report

State Treasurer Sarah Steelman


August 2007

MIT Terror-Free Fund Returns 28.05% for First 12 Months

Official returns have been released for the first year of the Missouri Investment Trust
International Terror-Free Fund. The separately managed account, called the International
Alpha Select account, managed by State Street Global Advisors, is the first institutional
terror-free product in the United States. The first 12 months of the funds’ operation
(7/31/06-7/31/07) yielded a 28.05% return, which exceeds its benchmark by 4.14%.

State Street Global Advisors utilizes a service provided by Conflict Securities Advisory
Group to screen terror-tied stocks from the portfolio. Companies that have direct and
substantial ties to the governments of nations identified and sanctioned by the United
States as state sponsors of terrorism are screened out of the fund, and adjustments to the
portfolio are made within the same sector with terror-free holdings.

Return

International Alpha Select 28.05%


MSCI EAFE Index 23.91%
Difference 4.14 %

The MSCI EAFE Index serves as the benchmark against which the account is measured.
For the same 12-month period, the EAFE index return was 23.91%. The MSCI EAFE
index encompasses large-cap companies in developed foreign countries, but includes the
companies identified by Steelman’s fund as having ties to terrorism.

The Missouri Investment Trust is a pool of state funds generated by the Athletes and
Entertainers Tax, which is invested for the benefit of the cultural arts in Missouri. The
Trust is overseen by the Missouri Investment Trust Board, chaired by Steelman.
Room 229 State Capitol Jefferson City MO 65101 (573) 751-2411
State Treasurer Sarah Steelman
Monthly Financial Report

Office of Missouri State Treasurer


Monthly Division Performance Totals

Banking Division
August 2007

State Receipts................................................................................... $ 1,713,268,459.76

State Disbursements......................................................................... $ 1,707,276,768.53

ACH Payments Initiated..................................................................................... 176,461

Checks Issued...................................................................................................... 151,633

Checks Paid........................................................................................................... 153,230

End-of-Month Cash Balances


Budget Reserve Fund.......................................................................... $ 534,927,622.44
General Revenue Fund........................................................................ $ 596,827,046.83

Division of Unclaimed Property


August 1 through August 31, 2007

Total Returned to Owners....................................................................... $3,358,189.04


Number of Accounts Paid to Owners................................................................. 6,892

This is the largest dollar amount ever returned in a single month!

The Treasurer’s Office is currently working to return millions in unclaimed property to the rightful owners.
A listing of accounts held by the Unclaimed Property Division can be seen at:
HTTP://www.showmemoney.com
State Treasurer Sarah Steelman
Monthly Financial Report

Investment Division
August 1, 2007 through August 31, 2007

Securities Portfolio
Interest Earnings ......................................................................... $15,537,245.00
Average Book Value................................................................. $3,727,140,552.00
Annualized Yield............................................................................. 4.91 percent

Linked Deposits
Linked Deposits Approved .............................................................................. $ 9,630,668.00
Total Revenue Generated ................................................................................. $ 962,873.25
Economic Rate of Return ................................................................................... 10.00 percent
State Treasurer Sarah Steelman
Monthly Financial Report
Categorical General Revenue Totals

Month-To-Date

REVENUE August 2007 August 2006 Difference % Change


SALES AND USE TAX 227,396,962 221,084,529 6,312,433 2.86%
MODOT SALES AND USE TAX* 8,527,759 5,234,686 3,293,073 N/A
TOTAL SALES AND USE TAX 235,924,721 226,319,215 9,605,506 4.24%
INCOME TAX INDIVIDUAL 412,282,760 390,790,162 21,492,598 5.50%
CORPORATE INCOME TAX 16,365,675 18,210,995 (1,845,321) -10.13%
COUNTY FOREIGN INSURANCE 21,120,198 30,277,027 (9,156,830) -30.24%
LIQUOR 2,093,486 1,708,597 384,889 22.53%
BEER 803,860 717,904 85,956 11.97%
INHERITANCE/ESTATE 28,064 146,225 (118,161) -80.81%
ALL OTHER TAXES 49,747 251,389 (201,642) -80.21%
INTEREST 4,576,382 3,961,229 615,153 15.53%
LICENSES, FEE, PERMITS 5,141,149 5,071,824 69,325 1.37%
SALES, SERV., RENTALS, LEASES 7,267,032 5,746,181 1,520,851 26.47%
REFUNDS 406,806 375,932 30,874 8.21%
INTERAGENCY BILLINGS, INVENT 178,757 10,982 167,775 1527.75%
ALL OTHER RECEIPTS 3,226,450 8,251,995 (5,025,545) -60.90%
TOTAL GR RECEIPTS 700,937,328 686,604,973 14,332,354 2.09%
LESS: REFUND EXPENDITURES 53,866,171 36,859,690 17,006,481 46.14%
NET GR COLLECTIONS 647,071,156 649,745,283 (2,674,127) -0.41%
TOTAL GR WITH MODOT 709,465,086 691,839,659 17,625,427 2.55%
LESS: REFUND EXPENDITURES 53,866,171 36,859,690 17,006,481 46.14%
NET GR WITH MODOT 655,598,915 654,979,969 618,946 0.09%

Fiscal Year-To-Date
SALES AND USE TAX 374,391,409 353,866,612 20,524,797 5.80%
MODOT SALES AND USE TAX* 17,364,541 9,730,604 7,633,937 78.45%
TOTAL SALES AND USE TAX 391,755,950 363,597,216 28,158,734 7.74%
INCOME TAX INDIVIDUAL 735,014,449 701,479,685 33,534,765 4.78%
CORPORATE INCOME TAX 43,904,516 39,027,455 4,877,061 12.50%
COUNTY FOREIGN INSURANCE 23,263,994 30,041,576 (6,777,581) -22.56%
OTHER GENERAL REVENUE 46,861,420 50,506,400 (3,644,979) -7.22%
TOTAL GR RECEIPTS 1,223,435,789 1,174,921,727 48,514,062 4.13%
LESS: REFUND EXPENDITURES 94,000,215 71,945,150 22,055,065 30.66%
NET GR COLLECTIONS 1,129,435,574 1,102,976,577 26,458,997 2.40%
TOTAL GR WITH MODOT 1,240,800,330 1,184,652,331 56,147,999 4.74%
LESS: REFUND EXPENDITURES 94,000,215 71,945,150 22,055,065 30.66%
NET GR WITH MODOT 1,146,800,115 1,112,707,181 34,092,934 3.06%

* Fund 0319

(Note: These numbers are compiled by the State Treasurer’s Office using daily balances from the state’s accounting system (SAM II).
Totals released by other agencies may include changes not reflected in these figures.)