Laserfiche WebLink
• <br />CITY OF LA PORTS <br />Interoffice Memorandum <br />TO: Howard Ebow, Councilman <br />Chuck Engelken, Councilman <br />James Warren, Councilman <br />John Joerns, Acting City Manager <br />FROM: Cynthia Alexander, Director of Finance <br />Shelley Wolny, Investment Officer <br />IJATE: September 17, 2002 <br />SUBJECT:' Quarterly Investment Report <br /> <br />The City's investment portfolio has been stable for the third quarter of the fiscal year. The yield <br />has been between 2.44% and 2.63% over the past 3 months. The average return on the portfolio <br />for the third quarter of the fiscal year was 2.53%, compared to our average benchmark of 3.30% <br />(see graph belaw). The total interest earned for the 2002 fiscal year is $810,010. <br />City vs. Benchmark <br />5.00% <br />4.00% <br />3.00% <br />2.00% <br />1.00% <br />O~ O~ Off' O~ Off' O~ Off' Off' Off' 01' Off' 01' <br />Portfolio Yield 2 Year Yield <br />At June 34`~ the City's portfolio consisted of 39% in Agency Notes, 61% in Texpool and Logic, <br />and less than one percent in CMO's (see pie chart below). <br />We have been steadily investing in Agencies, but due to several calls, the majority of the City's <br />investments remain in Texpool. <br />