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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 />April 19, 2010 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the second quarter of the 2010 fiscal year, the City's investment portfolio yield has been between .55% <br />and .70%. The average return on the portfolio for the second quarter of the fiscal year was .60%, which is <br />above the average yield of our benchmark, which was .]7% (see graph below). Our benchmark is the 6- <br />month T-Bill rate. The year to date interest earned for the 2010 fiscal year for all funds was $]92,500 which <br />is approximately 40% of the $479,800 budgeted for the year. <br /> <br />City vs. Benchmark <br /> <br /> I <br />2.10% I <br />i <br /> I <br /> I <br />1.10% j <br />I <br />0.10% I <br /> <br />..~ <br /> <br />Kl::)o, fj:)o, fj:)o, fj:)o, fj:)o, fj:)o, rj> fj:)o, fj:)o, ~I::) ~I::) ~I::) <br />~q ~'1>~ 'i':><:' \:s. ~.:)~ c.;l~ otf ~o4: ()'l,v .....'1><:' <<.~ ~~ <br /> <br />-Portfolio Yield -Benchmark <br /> <br />At March 3 ]st, the City's portfolio consisted of 64% in Texpool, ]4% in Agency Notes, 20% in Certificates <br />of Deposit, ]% in TexSTAR and ]% in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br />20~iO <br /> <br />14% <br /> <br /> <br />64% <br /> <br />1% <br />1% <br /> <br />.Texpool .TexSTAR CLogic . Agency Notes IIICertificates of Deposit <br />