1. AASHTO TREASURER’S REPORT TO THE EXECUTIVE COMMITTEE Carlos Braceras, Treasurer October 24, 2009

2. Agenda  Treasurer’s report on fiscal year 2009 FY 09 Financial Status Fiscal Year 2010 to date Presentation by AASHTO’s financial advisors Smith Barney on investment strategies Discussion

3. Treasurer’s Report  Highlights from fiscal year 2009 results The auditors completed field work September 25, 2009. we expect a clean opinion. Overall: We ended the fiscal year in the black. We had a net income over expense of $3.13 million. However, the operating account finished the year $909 thousand below estimated income. The auditors final report will be available later this year and we will submit the report to the Executive Committee and offer a conference call to discuss details.

4. Treasurer’s Report  Operations Investment income for the year was $2.2 million vs. $2.1 million budgeted. The value of investment declined by $5.4 million. AASHTOWare and other Technical Service Programs operating in aggregate finished the year over $3.13 million although publications and program income fell below expectations.

5. Treasurer’s Report  Fiscal Year 2010 to date The overall position for operations, technical services and AASHTOWare remains well within the budget estimates. First quarter investment income was $505 thousand well within estimates, and we have seen $2.53 million increase in valuation.

6. Treasurer’s Report