Laserfiche WebLink
CITY OF LA PORTE <br />Interoffice Memorandum <br />TO <br />:Chuck Engelken, Councilmember <br />Daryl Leonard, 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 />:July23,2015 <br />SUBJECT <br />:Quarterly Investment Report <br />For the thirdquarterof the 2015fiscal year, the City’s investment portfolio yield averaged0.29%, which <br />isabovethe average yield of our benchmarkat 0.09% (see graph below).The City’s investment portfolio <br />has exceeded the benchmark by an average of 23basis points this fiscal year, which equates to <br />approximately $83,977in additional earnings.Our benchmark is the6-month T-Billrate. The total <br />interest earned through June2015for all fundsis$146,629,whichis 139% 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 />th <br />At June30,the City’s portfoliototaled $61,058,367and consisted of 29%in Texpool,22% in Agency <br />Notes and 49% in Logic.The majorityof the portfolio remains in theinvestment pools to maintain <br />adequate liquiditywhile pursuing opportunities for to optimize yield.Staff will continue to focus on <br />laddering and diversifying the portfolio through the purchase of agenciesto strengthen returns. <br />By Investment Type <br />49% <br />22% <br />29% <br />TexpoolLogicAgency Notes <br />1 <br /> <br />