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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 />John Joerns, Interim City Manager <br /> <br />Michael Dolby, Interim Finance Director <br />Phyllis Rinehart, Controller <br /> <br />FROM: <br /> <br />DATE: <br />SUBJECT: <br /> <br />October 13,2006 <br />Quarterly Investment Report <br /> <br />For the fourth quarter of the 2006 fiscal year, the City's investment portfolio yield has been between 4.64% <br />and 4.93%. The average return on the portfolio for the fourth quarter of the fiscal year was 4.76%, which is <br />still below the average yield of our benchmark, which was 5.19% (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 $1,788,815, which is <br />approximately $1 M more than projected at this time. <br /> <br />City vs. Benchmark <br /> <br />6.00% <br /> <br />5.00010 <br /> <br />- <br /> <br />~ <br /> <br />4.00% <br /> <br />- <br />~-- <br />~ <br /> <br />- <br /> <br />3.00% <br /> <br />2.00% <br /> <br />1.00% <br />\:l" ~" <br />-..: 4,' <br />OV ..;:;.0 <br /> <br />~ ~ ~ ~ ~ ~ ~ ~ ~ ~ <br /><!,r./ \"IJ.~ ~~' ~~ ~<: ~~ \~~ \~ ~~% '?"'~ <br /> <br />- Portfolio Yield - Benchmark <br /> <br />At September 30th the City's portfolio consisted of 47% in Agency Notes, 24% in Texpool, 22% In <br />TexSTAR and 7% in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br />47% <br /> <br /> <br />24% <br /> <br />7% <br /> <br />I- Texpool - TexSTAR 0 Logic 0 Agency Note~ <br />