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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 />Traci Leach, Assistant City Manager <br />FROM <br />:Michael Dolby, Director of Finance <br />Shelley Wolny, Treasurer <br />DATE <br />: May 11, 2015 <br />SUBJECT <br />:Quarterly Investment Report <br />For the second quarterof the 2015 fiscal year, the City’s investment portfolio yield averaged 0.30%, <br />which is above the average yield of our benchmarkat 0.09% (see graph below).The City’s investment <br />portfolio has exceeded the benchmark by an average of 25basis points this fiscal year, which equates to <br />approximately $57,081in additional earnings. Our benchmark is the 6-month T-Billrate. The total <br />interest earned through March 2015 for all fundsis $93,149, whichis 88.42% 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 March 31 st,the City’s portfoliototaled $68,012,802and consisted of 23%in Texpool, 34% in Agency <br />Notes and 43% in Logic.Approximately two-thirds of the portfolio remains in theinvestment pools to <br />maintain adequate liquiditywhile pursuing opportunities for to optimize yield.Staff will continue to <br />focus on laddering and diversifying the portfolio through the purchase of agenciesto strengthen returns. <br />1 <br /> <br />