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CITY OF LA PORTE <br />Interoffice Memorandum <br />TO: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:Michael Dolby, Director of Finance <br />Shelley Wolny,Treasurer <br />DATE:October26,2016 <br />SUBJECT:Quarterly Investment Report <br />For the fourth and finalquarterof the 2016fiscal year, the City’s investment portfolio yield averaged0.69%, <br />which isabovethe average yield of our benchmarkat 0.44% (see graph below).The City’s investment <br />portfolio has exceeded the benchmark by an average of 19basis points this fiscal year, which equates to <br />approximately $113,012in additional earnings.Our benchmark is the6-month T-Billrate. The total interest <br />earned through September2016for all fundsis$421,132,whichis 367% of the budget of $114,750. <br />City vs. Benchmark <br />0.80% <br />0.70% <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 />th <br />At September30,the City’s portfoliototaled $71,784,790and consisted of 30%in Texpool,28% in <br />Agency Notes and 42% 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 />42% <br />28% <br />30% <br />TexpoolLogicAgency Notes <br />1 <br /> <br />