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CITY OF LA PORTE <br />Interoffice Memorandum <br />TO: Chuck Engelken, Councilmember <br />Tommv Moser, Councilmember <br />Daivl Leonard, Councilmember <br />John Zemanek, Councilmember <br />Jav Martin, Councilmember <br />Ron Bottoms, City Manager <br />Traci Leach, Assistant City Manager <br />FROM: Michael Dolbv, Director of Finance <br />Shellev Wolnv, Treasurer <br />DATE: Mav 9, 2011 <br />SUBJECT: Quarterly Investment Report <br />For the second quarter of the 2011 fiscal Near, the City s investment portfolio yield has been between 0.31% <br />and 032 %. The average return on the portfolio for the first quarter of the fiscal Near was 031 %, which is <br />above the average yield of our benchmark, which was 0.17% (see graph below). Our benchmark is the 6- <br />month T -Bill rate. The Near to date interest earned for the 2011 fiscal Near for all funds was $85,766 which is <br />approximately 26% of the $335,000 budgeted for the Near. <br />City vs. Benchmark <br />Portfolio Yield Benchmark <br />At March 31st, the City s portfolio consisted of 69% in Texpool, 16% in Agency Notes, 13% in Certificates <br />of Deposit, 1% in TexSTAR and 1% in Logic (see pie chart below). <br />