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CITY OF LA PORTE <br />Interoffice Memorandum <br />TO:Chuck Engelken, Councilmember <br />Daryl Leonard, Councilmember <br />Jay Martin, Councilmember <br />Dottie Kaminski, Councilmember <br />Corby Alexander, City Manager <br />TraciLeach, Assistant City Manager <br />FROM:Michael Dolby, Director of Finance <br />Shelley Wolny,Treasurer <br />DATE:April21,2016 <br />SUBJECT:Quarterly Investment Report <br />For the second,quarterof the 2016fiscal year, the City’s investment portfolio yield averaged0.58%, which <br />isabovethe average yield of our benchmarkat 0.45% (see graph below).The City’s investment portfolio <br />has exceeded the benchmark by an average of 12basis points this fiscal year, which equates to <br />approximately $29,228in additional earnings.Our benchmark is the6-month T-Billrate. The total interest <br />earned through March2016for all fundsis$142,360,whichis 124% of the budget of $114,750. <br />City vs. Benchmark <br />0.70% <br />0.60% <br />0.50% <br />0.40% <br />0.30% <br />0.20% <br />0.10% <br />` <br />0.00% <br />Portfolio YieldBenchmark <br />st <br />At March31,the City’s portfoliototaled $90,696,374and consisted of 22%in Texpool,33% in Agency <br />Notes and 45% in Logic.The majority of the portfolio remains in theinvestment pools to maintain adequate <br />liquiditywhile pursuing opportunities for to optimize yield.Staff will continue to focus on laddering and <br />diversifying the portfolio through the purchase of agenciesto strengthen returns. <br />By Investment Type <br />45% <br />33% <br />22% <br />TexpoolLogicAgency Notes <br />1 <br /> <br />