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<br />CITY OF LA PORTE <br />Interoffice Memorandum <br /> <br />TO: <br /> <br />Darryl Leonard, 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 />January 19,2010 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the first quarter of the 2010 fiscal year, the City's investment portfolio yield has been between .81 % and <br />1.11%. The average return on the portfolio for the first quarter of the fiscal year was 1.03%, which is above <br />the average yield of our benchmark, which was .16% (see graph below). Our benchmark is the 6- month T- <br />Bill rate. The year to date interest earned for the 20 10 fiscal year for all funds was $120,944 which is <br />approximately 25% of the $479,800 budgeted for the year. <br /> <br />City vs. Benchmark <br /> <br />1.10% <br /> <br /> <br />2.10% <br /> <br />0.10% <br /> <br />~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ <br />,,~" '<.~ ~~' ~,<,/ ~'b~ ....v~ ,,~ o::;.?<o '?~~ or: ~~;~: ()cC! <br />-Portfolio Yield -Benchmark <br /> <br />At December 31st, the City's portfolio consisted of 57% in Texpool, 9% III Agency Notes, 32% in <br />Certificates of Deposit, 1 % in TexSTAR and 1 % in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br />32% <br /> <br />9% <br /> <br />1% <br />1% <br />.Texpool .TexSTAR oLogic .Agency Notes III Certificates of Deposit <br /> <br /> <br />57% <br />