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CITY OF LA PORTE <br />Interoffice Memorandum <br />TO: Chuck Engelken, Councilmember <br />Tommy Moser, Councilmember <br />Daryl Leonard, Councilmember <br />Jay Martin, Councilmember <br />Corby Alexander, City Manager <br />Traci Leach, Assistant City Manager <br />FROM: Michael Dolby, Director of Finance <br />Shelley Wolny, Treasurer <br />DATE: July 17, 2014 <br />SUBJECT: Quarterly Investment Report <br />For the third quarter of the 2014 fiscal year, the City's investment portfolio yield averaged 0.22%, which is <br />above the average yield of our benchmark at 0.05% (see graph below). The City's investment portfolio <br />exceeded the benchmark by an average of 14 basis points for the year, which equates to approximately <br />$43,806 in additional earnings for the year. Our benchmark is the 6-month T-Bill rate. The total interest <br />earned for the 2014 fiscal year for all funds is $93,147 which is approximately 85% of the $109,572 <br />budgeted for the year. <br />City vs. Benchmark <br />0.3 0/o <br />o....................................................................................................................................................................................................................................................................... <br />0.25%..................................................................................................................................................................................... <br />100 <br />0.15/0 <br />o.......................................................................................................................................................................:............................................................................................... <br />o............................................. ............................................................................:ui��............................................ ui uwuiwuwuuuuwll".........� <br />0 <br />0.00 /o <br />Portfolio Yield <br />At June 30"', the City's portfolio totaled $60,960,716 and consisted of 27% in Texpool, 33% in Agency <br />Notes and 40% in Logic. The portfolio remains equally spread between the two investment pools to <br />maintain adequate liquidity and agencies. As opportunities arise, staff will continue to focus on laddering <br />and diversifying the portfolio through the purchase of agencies to strengthen returns. <br />1 <br />