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<br />Florida Municipal Insurance Trust
<br />MANAGEMENT'S DISCUSSION & ANALYSIS
<br />For the Year Ended September 30,2010
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<br />Comparative Financial Information
<br /> Table 1
<br /> Balance Sheets
<br />Assets 2009-2010 2008-2009
<br />Cash and Investments $ 425,300,000 $ 401,000,000
<br />Receivables 5,000,000 6,700,000
<br />Prepaid Expenses 8,900,000 9,800,000
<br />Deposits 300,000 300,000
<br /> Total Assets $ 439,500,000 $ 417,800,000
<br />Liabilities
<br />Liability for Claims and Claim Expenses $ 191,800,000 $ 173,800,000
<br />Dividend Payable 10,000,000 8,000,000
<br />Premiums Collected in Advance 9,000,000 12,500,000
<br />Accounts Payable and Accrued Expenses 3,400,000 3,400,000
<br />C Total Liabilities 214,200,000 1,97,700,000
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<br />Fund Equity 225,300,000 220,100,000
<br /> Total Liabilities and Fund Equity $ 439,500,000 $ 417,800,000
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