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CITY OF LA PORTE <br />Interoffice Memorandum <br />TO <br />: 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 <br />: Michael Dolby, Director of Finance <br /> Shelley Wolny, Treasurer <br />DATE <br />: January 16, 2013 <br />SUBJECT <br />: Quarterly Investment Report <br />For the first quarter of the 2013 fiscal year, the City’s investment portfolio yield averaged 0.24%, 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 2013 fiscal year for all funds is $39,354 which is approximately 33% of the $118,850 <br />budgeted for the year. <br />City vs. Benchmark <br />0.30% <br />0.25% <br />0.20% <br />0.15% <br />0.10% <br />0.05% <br />` <br />0.00% <br />Portfolio YieldBenchmark <br />st <br />At December 31, the City’s portfolio consisted of 46% in Texpool, 21% in Agency Notes and 33% in Logic <br />(see pie chart below). <br />By Investment Type <br />33% <br />46% <br />21% <br />TexpoolLogicAgency Notes <br />1 <br /> <br />