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<br />CITY OF LA PORTE <br />Interoffice Memorandum <br /> <br />TO: <br /> <br />Georgia Malone, 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 />FROM: <br /> <br />Michael Dolby, Director of Finance <br />Phyllis Rinehart, Controller <br /> <br />DATE: <br /> <br />July 13,2009 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the third quarter of the 2009 fiscal year, the City's investment portfolio yield has been between .99% and <br />1.03%. The average return on the portfolio for the third of the fiscal year was 1.01%, which is above the <br />average yield of our benchmark, which was .36% (see graph below). Our benchmark is the 6- month T-Bill <br />rate. The current year to date interest earned for the 2009 fiscal year for all funds is $639,936 which is <br />approximately 65% of the $982,553 budgeted for the year. <br /> <br />City V5. Benchmark <br /> <br />2.10% <br /> <br />..i........ ~.~...~~~..~.... <br />:u ...... ~.. ....... <br /> <br />I <br />qmqu=. . .1 <br /> <br />1.10% <br /> <br />0.10% <br /> <br />_.~m" _~_.__..____...____.._ .__~_..~..M~_____. __.~_~___n__.._.~_.___"___ <br /> <br />~'b 5:>'tJ ';)'b,.?'tJ 5:>'b ';)'tJ po, ';)0, po, ';)0) 5:>0, ,;::>0, <br />\v ~~*O "e-~ 0<; ~04 ()rz-'" .....1>~ ~~.J:-~ ~Q<'; .J:-'l>~ \~~ <br /> <br />- Portfolio Yield - Benchmark <br /> <br />At June 30th, the City's portfolio consisted of 65% in Texpool, 4% in Agency Notes, 29% in Certificates of <br />Deposit, 1 % in TexST AR and I % in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br />1900 <br /> <br />4% <br />100 <br /> <br /> <br />6.5~ 0 <br /> <br />.Texpool .TexSTAR OLogic . Agency Notes o Certificates of Deposit <br />