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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 />Corby Alexander, City Manager <br />TraciLeach, Assistant City Manager <br />FROM <br />:Michael Dolby, Director of Finance <br />Shelley Wolny,Treasurer <br />DATE <br />:November 12, 2012 <br />SUBJECT <br />:Quarterly Investment Report <br />For the fourthquarterof the 2012fiscal year, the City’s investment portfolio yield averaged0.23%, which is <br />abovethe average yield of our benchmarkat 0.14% (see graph below).Our benchmark is the6-month T-Bill <br />rate. Rates remain at record lows,and are not projected to increase for quite a while.The total interest <br />earned for the 2012fiscal yearfor all fundsis$148,418which isapproximately103% of the $144,050 <br />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 />th <br />At June30,the City’s portfolio consisted of 54%in Texpool,22% in Agency Notes, 5%in Certificates of <br />Deposit and 19% in Logic (see pie chart below). <br />By Investment Type <br />19% <br />54% <br />22% <br />5% <br />TexpoolLogicAgency NotesCertificates of Deposit <br />1 <br /> <br />