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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, Council member <br />Ron Bottoms, City Manager <br />John Joems, Assistant City Manager <br /> <br />FROM: <br /> <br />Michael Dolby, Director of Finance <br />Phyllis Rinehart, Controller <br /> <br />DATE: <br /> <br />April 10,2009 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the second quarter of the 2009 fiscal year, the City's investment portfolio yield has been between] .05% <br />and ] .35%. The average return on the portfolio for the first quarter of the fiscal year was 1.] 6%, which is <br />above the average yield of our benchmark, which was .38% (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 $506,339 <br />which is approximately 52% of the $982,000 budgeted for the year. <br /> <br />City V5. Benchmark <br /> <br />2.10%-~ <br />1.10% -~~~~~~~ <br /> <br />.~- <br />~._... <br /> <br />. <br /> <br />0.10% - <br /> <br />))'0 ')::J'b ')::J'b ')::J'b ))'0 ')::J'b ))'0 ')::J'b ')::J'b ')::J~ ))~ ')::J~ <br />~<f ~~~ \V>~ \,s, ~V>~ c..;l~ OCf ~o~ <:::l'v \~~ ~~ ~~~ <br /> <br />-Portfolio Yield -Benchmark <br /> <br />At March 3]st, the City's portfolio consisted of 76% in Texpool, 5% in Agency Notes, ]7% in Certificates <br />of Deposit, 1% in TexSTAR and 1% in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br />1% <br /> <br /> <br />-6% <br /> <br />.Texpool .TexSTAR CLogic ~cy Notes Ell Certificates of Deposit <br />