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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 />October 6, 2009 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the fourth quarter of the 2009 fiscal year, the City's investment portfolio yield has been between 1.03% <br />and 1.14%. The average return on the portfolio for the fourth quarter of the fiscal year was 1.08%, which is <br />above the average yield of our benchmark, which was .27% (see graph below). Our benchmark is the 6- <br />month T-BiII rate. The year to date interest earned for the 2009 fiscal year for all funds was $750,904 which <br />is approximately 76% of the $982,553 budgeted for the year. <br /> <br />City vs. Benchmark <br /> <br />ijg~ -j ~ ~~ <br />0.10% + , , <br />(;)'0 (;)'0 (;)'0 (;)OJ (;)OJ (;)OJ (;)OJ (;)OJ (;)OJ (;)OJ (;)OJ (;)OJ <br />~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ <br />OC; ~o <:)'l; \7> <<,'l; ~7> ~~ ~7> \~ \~ ~~ c.,'l; <br /> <br />- Portfolio Yield - Benchmark <br /> <br />At September 30th, the City's portfolio consisted of 58% in Texpool, 8% in Agency Notes, 32% in <br />Certificates of Deposit, 1 % in TexST AR and 1 % in Logic (see pie chart below). <br /> <br />By Investment Type <br />32% <br /> <br /> <br />58% <br /> <br />8% <br />1% <br />1% <br /> <br />. Texpool .TexSTAR CLogic . Agency Notes <br /> <br />CCertificates ofD~ J <br />