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CITY OF LA PORTE <br />Interoffice Memorandum <br />TO <br />: Chuck Engelken, Councilmember <br /> Tommy Moser, Councilmember <br /> Daryl Leonard, Councilmember <br /> John Zemanek, Councilmember <br /> Jay Martin, Councilmember <br />Steve Gillett, Interim City Manager <br />Traci Leach, Assistant City Manager <br />FROM <br />: Michael Dolby, Director of Finance <br /> Shelley Wolny, Treasurer <br />DATE <br />: January 12, 2011 <br />SUBJECT <br />:Quarterly Investment Report <br />For the firstquarterof the 2012fiscal year, the City’s investment portfolio yield has been between 0.27% <br />and 0.30%. The average return on the portfolio for the fourthquarterwasat 0.29%, which is above the <br />average yield of our benchmarkat 0.05% (see graph below).Our benchmark is the 6- month T-Billrate. <br />Rates stillremain at record lows due to stagnant economic conditions, and are not projected to increase for <br />quite a while. The total interest earned for the 2012fiscal yearfor all fundswas $27,934 which is <br />approximately 19% of the $145,050 budgeted for the year. <br />City vs. Benchmark <br />0.35% <br />0.30% <br />0.25% <br />0.20% <br />0.15% <br />0.10% <br />0.05% <br />` <br />0.00% <br />Portfolio YieldBenchmark <br />st <br />At December 31,the City’s portfolio consisted of 62%in Texpool,27% in Agency Notes, 5% in <br />Certificates of Deposit and 6% in Logic (see pie chart below). <br />By Investment Type <br />6% <br />62% <br />27% <br />5% <br />TexpoolLogicAgency NotesCertificates of Deposit <br />1 <br /> <br />