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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 />John Zemanek, Councilmember <br />Jay Martin, Councilmember <br />Steve Gillett, Interim City Manager <br />Traci Leach, Assistant City Manager <br />FROM: Michael Dolby, Director of Finance <br />Shelley Wolny, Treasurer <br />DATE: January 12, 2011 <br />SUBJECT: Quarterly Investment Report <br />For the first quarter of the 2012 fiscal year, the City's investment portfolio yield has been between 0.27% <br />and 0.30%. The average return on the portfolio for the fourth quarter was at 0.29%, which is above the <br />average yield of our benchmark at 0.05% (see graph below). Our benchmark is the 6- month T-Bill rate. <br />Rates still remain at record lows due to stagnant economic conditions, and are not projected to increase for <br />quite a while. The total interest earned for the 2012 fiscal year for all funds was $27,934 which is <br />approximately 19% of the $145,050 budgeted for the year. <br />City vs. Benchmark <br />At December 31St, the City's portfolio consisted of 62% in Texpool, 27% in Agency Notes, 5% in <br />Certificates of Deposit and 6% in Logic (see pie chart below). <br />620 <br />By Investment Type <br />6% <br />#1 27% <br />5% <br />0 Texpool ©Logic ®Agency Notes ®Certificates of Deposit <br />