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<br />CITY OF LA PORTE <br />Interoffice Memorandum <br /> <br />FROM: <br /> <br />Barry Beasley, Councilman <br />Howard Ebow, Councilman <br />Chuck Engelken, Councilman <br />Tommy Moser, Councilman <br />Louis Rigby, Councilman <br />Ron Bottoms, City Manager <br />John Joerns, Assistant City Manager <br /> <br />Michael Dolby, Interim Finance Director <br />Phyllis Rinehart, Controller <br /> <br />TO: <br /> <br />DATE: <br />SUBJECT: <br /> <br />October 15, 2007 <br />Quarterly Investment Report <br /> <br />For the fourth quarter of the 2007 fiscal year, the City's investment portfolio yield has been between 5.12% <br />and 5.19%. The average return on the portfolio for the fourth quarter of the fiscal year was 5.16%, which is <br />above the average yield of our benchmark, which was 4.72% (see graph below). Our benchmark is the 6- <br />month T -Bill rate. The current year to date interest earned for the 2007 fiscal year for all funds is $2.7M <br />which is approximately $1 M more than projected at this time. <br /> <br />City \S. Benchmark <br /> <br />6.00% <br />5.00% <br />4.00% <br />3.00% <br />2.00% <br />1.00% <br /> <br />----- <br /> <br />~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ <br />0"-': ~o..., <yl{jv ,,~ ~~ ~~<: ,,?:<f ~~ "..:><5 ,,~ ~~ C!'<). <br />- Portfolio Yield - Benchmark <br /> <br />At September 30th the City's portfolio consisted of 37% in Agency Notes, 40% in Texpool, 18% in <br />TexSTAR and 5% in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br /> <br />5% <br /> <br />18% <br /> <br />I . Texpool . TexST AR 0 Logic 0 Agency Notes I <br />