Laserfiche WebLink
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: November 12, 2012 <br />SUBJECT: Quarterly Investment Report <br />For the fourth quarter of the 2012 fiscal year, the City's investment portfolio yield averaged 0.23%, which is <br />above the average yield of our benchmark at 0.14% (see graph below). Our benchmark is the 6- month T-Bill <br />rate. Rates remain at record lows, and are not projected to increase for quite a while. The total interest <br />earned for the 2012 fiscal year for all funds is $148,418 which is approximately 103% of the $144,050 <br />budgeted for the year. <br />City vs. Benchmark <br />Portfolio Yield Benchmark <br />At June 30"', the City's portfolio consisted of 54% in Texpool, 22% in Agency Notes, 5% in Certificates of <br />Deposit and 19% in Logic (see pie chart below). <br />By Investment Type <br />®Texpool ®Logic ®Agency Notes ®Certificates of Deposit <br />