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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:January15,2017 <br />SUBJECT:Quarterly Investment Report <br />For the firstquarterof the 2017fiscal year, the City’s investment portfolio yield averaged0.76%, which is <br />abovethe average yield of our benchmarkat 0.57% (see graph below).The City’s investment portfolio has <br />exceeded the benchmark by an average of 19basis points this fiscal year, which equates to approximately <br />$26,152in additional earnings. Our benchmark is the6-month T-Billrate. The total interest earned through <br />December2016for all fundsis$152,679,whichis 74% of the budget of $206,500. <br />City vs. Benchmark <br />0.90% <br />0.75% <br />0.60% <br />0.45% <br />0.30% <br />0.15% <br />` <br />0.00% <br />Portfolio YieldBenchmark <br />th <br />At December30,the City’s portfoliototaled $68,206,820and consisted of 35%in Texpool,20% in <br />Agency Notes and 45% in Logic.The majority of the portfolio remains in theinvestment pools to maintain <br />adequate liquiditywhile pursuing opportunities for to optimize yield.Staff will continue to focus on <br />laddering and diversifying the portfolio through the purchase of agenciesto strengthen returns. <br />1 <br /> <br />