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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:April20,2017 <br />SUBJECT:Quarterly Investment Report <br />For the secondquarterof the 2017fiscal year, the City’s investment portfolio yield averaged0.89%, which <br />isabovethe average yield of our benchmarkat 0.72% (see graph below).The City’s investment portfolio <br />has exceeded the benchmark by an average of 17basis points this fiscal year, which equates to <br />approximately $49,623in additional earnings.Our benchmark is the6-month T-Billrate. The total interest <br />earned through March2017for all fundsis$302,861,whichis 147% of the budget of $206,500. <br />City vs. Benchmark <br />1.05% <br />0.90% <br />0.75% <br />0.60% <br />0.45% <br />0.30% <br />0.15% <br />` <br />0.00% <br />Portfolio YieldBenchmark <br />st <br />At March31,the City’s portfoliototaled $90,723,111and consisted of 29%in Texpool,26% in Agency <br />Notes and 45% in Logic.The majority of the portfolio remains in theinvestment pools to maintain adequate <br />liquiditywhile pursuing opportunities for to optimize yield.Staff will continue to focus on laddering and <br />diversifying the portfolio through the purchase of agenciesto strengthen returns. <br />1 <br /> <br />