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<br />CITY OF LA PORTE <br />Interoffice Memorandum <br /> <br />TO: <br /> <br />Howard Ebow, Councilmember <br />Chuck Engelken, Councilmember <br />Tommy Moser, Councilmember <br />Louis Rigby, Councilmember <br />Ron Bottoms, City Manager <br />John Joems, Assistant City Manager <br /> <br />FROM: <br /> <br />t\ ~,.""" <br /> <br />Michael Dolby, Director of Finance li <br />Phyllis Rinehart, Controller ',j <br /> <br />DATE: <br /> <br />January 26, 2009 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the first quarter of the 2009 fiscal year, the City's investment portfolio yield has been between 2.03% <br />and 2.39%. The average return on the portfolio for the first quarter of the fiscal year was 2.24%, which is <br />above the average yield of our benchmark, which was .91 % (see graph below). Our benchmark is the 6- <br />month T -Bill rate. The current year to date interest earned for the 2009 fiscal year for all funds is $220,000 <br />which is approximately 22% of the $982,000 budgeted for the year. <br /> <br />1------ <br /> <br />I <br />I <br /> <br />1 <br /> <br />City \'S. Benchmark <br /> <br />6.00% <br />5.00% <br />4.00% <br />3.00% . <br /> <br />~.... <br /> <br />-------------------.1 <br />I <br />. ... _ul <br />.~=--I <br /> <br />2.00% <br />1.00% <br /> <br />~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ <br />\'1><::- 4.~ ~'l><: \,,<f ~'I>.J) \"~ ...;~ \""~ '?"'~ ocY ~o", <v"'c; <br /> <br />- Portfolio Yield - Benchmark <br /> <br />At December 31st, the City's portfolio consisted of 73% in Texpool, 21% in Agency Notes, 4% in <br />Certificates of Deposit, 1 % in TexST AR and 1 % in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br />4% <br /> <br /> <br />l_ ~uTexPool . TexSTAR 0 Lo~c . Agency Notes iI certi~c:teso_f~~~-o:;tl_ <br />