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Investor Presentaiton

Conclusion Wealthy and Stable Economy ■ Strong per capita income Population growth is driving a robust housing market ■ Commercial Real Estate is stable Growing and diversifying private sector offset federal fiscal austerity Excellent Financial Management Strong fiscal policies and laws ensure fiscal viability: ✓ Federal and local reserves ✓ Debt cap ■ Institutionalized practices such as multi-year financial and capital plans ■ Independent Office of the Chief Financial Officer: ✓ Certifies that budgets are balanced ✓ Estimates revenues conservatively ✓ Monitors revenues and spending throughout the year and affirms debt cap compliance ✓ Evaluates fiscal impact of all legislation Robust Financial Position ■ Congressionally and locally mandated reserves increased to $863 million in FY2014, which is 45 days of operating expenses ■ FY2014 General Fund Balance reached highest level ever: $1.87 billion ■ Highly diverse local revenue sources ■ Well-balanced debt portfolio Well-Funded Pension/OPEB ■ Pension and OPEB funds are managed using conservative and actuarial assumptions ■Full payment of the Pension and OPEB ARC ■ Police, fire and teachers pension plan is 103.6% funded ■ OPEB is currently 85.7% funded District of Columbia 38

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