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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:October15,2017 <br />SUBJECT:Quarterly Investment Report <br />For the fourth and finalquarterof the 2017fiscal year, the City’s investment portfolio yield averaged1.22%, <br />which is above benchmark 6 month treasury average of 1.14%(see graph below).During fiscal year 2017, <br />the City’s investment portfolio has exceeded the benchmark by an average of 11basis points, which equates <br />to approximately $52,819in additional earnings.The total interest earned through September2017for all <br />fundsis$740,964,whichis 358% of the budget of $206,500. <br />City vs. Benchmark <br />1.35% <br />1.20% <br />1.05% <br />0.90% <br />0.75% <br />0.60% <br />0.45% <br />0.30% <br />0.15%` <br />0.00% <br />Portfolio YieldBenchmark <br />th <br />At September30,the City’s portfoliototaled $80,300,620and consisted of 22%in Texpool,40% in <br />Agency Notes and 38% in Logic.A little over half ofthe portfolio remains in theinvestment pools to <br />maintain adequate liquiditywhile pursuing opportunities 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 />