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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 />Corby Alexander, City Manager <br />Traci Leach, Assistant City Manager <br />FROM: Michael Dolby, Director of Finance <br />Shelley Wolny, Treasurer <br />DATE: July 10, 2012 <br />SUBJECT: Quarterly Investment Report <br />For the third quarter of the 2012 fiscal year, the City's investment portfolio yield has remained at 0.24%, <br />which is above the average yield of our benchmark at 0.15% (see graph below). Our benchmark is the 6- <br />month T-Bill rate. Rates still remain at record lows due to stagnant economic conditions, and are not <br />projected to increase for quite a while. The total interest earned for the 2012 fiscal year for all funds is <br />$124,536 which is approximately 86% of the $144,050 budgeted for the year. <br />City vs. Benchmark <br />At June 30'h, the City's portfolio consisted of 59% in Texpool, 20% in Agency Notes, 4% in Certificates of <br />Deposit and 17% in Logic (see pie chart below). <br />By Investment Type <br />17% <br />20% <br />4% <br />0 Texpool ®Logic ®Agency Notes ®Certificates of Deposit <br />