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<br />CITY OF LA PORTE <br />Interoffice Memorandum <br /> <br />TO: <br /> <br />Barry Beasley, Councilman <br />Howard Ebow, Councilman <br />Chuck Engelken, Councilman <br />Tommy Moser, Councilman <br />Louis Rigby, Councilman <br />Debra Brooks Feazelle, City Manager <br /> <br />Cynthia Alexander, Assistant City Manage&~ <br />Phyllis Rinehart, Controller <br /> <br />FROM: <br /> <br />DATE: <br />SUBJECT: <br /> <br />July 13,2006 <br />Quarterly Investment Report <br /> <br />For the third quarter of the 2006 fiscal year, the City's investment portfolio yield has been between 4.23% <br />and 4.51 %. The average return on the portfolio for the third quarter of the fiscal year was 4.36%, which is <br />still below the average yield of our benchmark, which was 4.97% (see graph below). Our benchmark is the 6- <br />month T-Bill rate. The current year to date interest earned for the 2006 fiscal year is $1,006,029, which is <br />approximately $300,000 more than projected at this time. <br /> <br />City vs. Benchmark <br /> <br />5.00010 <br />4.50% <br />4.00% <br />3.50% <br />3.00010 <br />2.50% <br />2.00% <br />1.50% <br />1.00% <br /> <br />~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ <br />~ ~ 6! ~ ~ ~ ~ ~ ~ K ~ ~' ~ <br />\V \V ~~'() S'lJ c::f ~o <;)'lJ \~ 4,'lJ ~O' ~ ~'r1' \V <br /> <br />- Portfolio Yield - Benchmark <br /> <br />At June 3051 the City's portfolio consisted of 55% in Agency Notes, 22% in Texpool, 18% in TexSTAR and <br />5% in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br /> <br />5% <br /> <br />I_ Texpool - TexSTAR 0 Logic 0 Agency Note, <br /> <br />1 <br />