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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 />Jay Martin, Councilmember <br />Corby Alexander, City Manager <br />TraciLeach, Assistant City Manager <br />FROM <br />:Michael Dolby, Director of Finance <br />Shelley Wolny,Treasurer <br />DATE <br />:July10, 2013 <br />SUBJECT <br />:Quarterly Investment Report <br />For the thirdquarterof the 2013fiscal year, the City’s investment portfolio yield averaged0.15%, which is <br />abovethe average yield of our benchmarkat 0.09% (see graph below).Our benchmark is the6-month T-Bill <br />rate. The total interest earned for the 2013fiscal yearfor all fundsis$87,595which isapproximately74% of <br />the $118,850budgeted for the year. <br />th <br />At June30,the City’s portfolio consisted of 45%in Texpool,27% in Agency Notes and 28% in Logic. <br />Very little 2-year paper is being issued, so the majority of the portfolio remains in the investments pools. <br />Themostcurrent overnight rate was set on December 16, 2008at 0.00% to 0.25%.At the end of thethird <br />quarter, the City’s portfolio consisted of 73% of the portfolio maturing overnight,6% of the City’s portfolio <br />matures in 1-12months,9% maturing in 12-24 monthsand 12% maturing beyond two years. <br />1 <br /> <br />