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CITY OF LA PORTE <br />Interoffice Memorandum <br />TO <br />:Chuck Engelken, Councilmember <br />Daryl Leonard, Councilmember <br />Tommy Moser, Councilmember <br />Jay Martin, Councilmember <br />Dottie Kaminski, 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 />:January8,2014 <br />SUBJECT <br />:Quarterly Investment Report <br />For the firstquarterof the 2015fiscal year, the City’s investment portfolio yield averaged0.35%, which <br />isabovethe average yield of our benchmarkat 0.08% (see graph below).The City’s investment portfolio <br />exceeded the benchmark by an average of 27basis points for the year, which equates to approximately <br />$27,587in additional earnings for the year. Our benchmark is the6-month T-Billrate. The total interest <br />earned through November 2014for all fundsis$35,659, whichis 33.85% of the budget of $105,350. <br />City vs. Benchmark <br />0.40% <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 />At December31 st,the City’s portfoliototaled $57,472,237and consisted of 36%in Texpool,33% in <br />Agency Notes and 31% in Logic.The portfolio remains proportionatelyspread between the two <br />investment pools and agenciesto maintain adequate liquiditywhile pursuing opportunities for to optimize <br />yield.Staff will continue to focus on laddering and diversifying the portfolio through the purchase of <br />agenciesto strengthen returns. <br />1 <br /> <br />