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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 />:January 15,2016 <br />SUBJECT <br />:Quarterly Investment Report <br />For the first,quarterof the 2016fiscal year, the City’s investment portfolio yield averaged0.41%, which is <br />abovethe average yield of our benchmarkat 0.31% (see graph below).The City’s investment portfolio has <br />exceeded the benchmark by an average of 10basis points this fiscal year, which equates to approximately <br />$9,730in additional earnings.Our benchmark is the6-month T-Billrate. The total interest earned through <br />December2015for all fundsis$51,904,whichis 45% of the budget of $114,750. <br />City vs. Benchmark <br />0.60% <br />0.50% <br />0.40% <br />0.30% <br />0.20% <br />0.10% <br />` <br />0.00% <br />Portfolio YieldBenchmark <br />st <br />At December31,the City’s portfoliototaled $72,237,726and consisted of 41%in Texpool,28% in <br />Agency Notes and 31% in Logic.The majority of 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 />31% <br />41% <br />28% <br />TexpoolLogicAgency Notes <br />1 <br /> <br />