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CITY OF LA PORTE <br />Interoffice Memorandum <br />TO: Chuck Engellcen, Councilmember <br />Tommy* Moser, Councilmember <br />Daivl Leonard, Councilmember <br />John Zemanek, Councilmember <br />Jav Martin, Councilmember <br />Traci Leach, Assistant City Manager <br />FROM: Michael Dolby*, Director of Finance <br />Shelley* Wolnv, Treasurer <br />DATE: October 13, 2011 <br />SUBJECT: Quarterly* Investment Report <br />For the fourth and final quarter of the 2011 fiscal Near, the CityT's investment portfolio yield has been <br />between 0.27% and 0.29 %. The average return on the portfolio for the fourth quarter remained at 0.28 %, <br />which is above the average yield of our benchmark at 0.06% (see graph below). Our benchmark is the 6- <br />month T -Bill rate. The highest yields earned during the year were during the first quarter of the fiscal Near <br />N-, - hen the average yield was 0.45 %. Rates rapidly* declined after the first quarter and have remained at record <br />lows due to stagnant economic conditions. The total interest earned for the 2011 fiscal year for all funds was <br />$171,228 which is approximately* 51% of the $335,000 budgeted for the year. <br />At September 30 "' the CityT's portfolio consisted of 60% in Texpool, 18% in Agency* Notes, 16% in <br />Certificates of Deposit, 1% in TexSTAR and 5% in Logic (see pie chart below). <br />60 <br />Texpool MTexSTAR MLoQic EIAencv Notes ®Certificates of Deposit <br />