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<br />CITY OF LA PORTE <br />Interoffice Memorandum <br /> <br />FROM: <br /> <br />Howard Ebow, Councilmember <br />Chuck Engelken, Councilmember <br />Tommy Moser, Councilmember <br />Louis Rigby, Councilmember <br />Ron Bottoms, City Manager <br />John Joerns, Assistant City Manager <br /> <br /> <br />Michael Dolby, Director of Finance ~ <br />Phyllis Rinehart, Controller <br /> <br />TO: <br /> <br />DATE: <br /> <br />July 11, 2008 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the third quarter of the 2008 fiscal year, the City's investment portfolio yield has been between 2.32% <br />and 2.56%. The average return on the portfolio for the third quarter of the fiscal year was 2.41 %, which is <br />above the average yield of our benchmark, which was 1.87% (see graph below). Our benchmark is the 6- <br />month T-Bill rate. The current year to date interest earned for the 2008 fiscal year for all funds is $1.8M <br />which is approximately 91 % of the $2 M budgeted for the year. <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 />....~ ~:;gO C!'~ o?f ~.s' <:)~v ....~ <tfJJ ~~ ~'f ~~ .....:><:f <br /> <br />- Portfolio Yield - Benchmark <br /> <br />At June 30th, the City's portfolio consisted of 6% in Agency Notes, 92% in Texpool, 1% in TexSTAR and <br />1 % in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br />6% <br /> <br /> <br />92% <br />I_ Texpool - TexSTAR 0 Logic 0 Agency Notes 1 <br />