Laserfiche WebLink
<br />CITY OF LA PORTE <br />Interoffice Memorandum <br /> <br />TO: <br /> <br />Darryl Leonard, Mayor Pro Tern <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 14,2010 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the third quarter of the 2010 fiscal year, the City's investment portfolio yield has been between .47% and <br />.55%. The average return on the portfolio for the third quarter of the fiscal year was .52%, which is above the <br />average yield of our benchmark, which was .24% (see graph below). Our benchmark is the 6- month T-Bill <br />rate. The year to date interest earned for the 2010 fiscal year for all funds was $278,623 which is <br />approximately 58% of the $479,800 budgeted for the year. <br /> <br />City V5. Benchmark <br /> <br />2.1 DC}; - -------------------------------------------------------------------- <br /> <br />1.10% - <br /> <br />............... <br /> <br />0.100;; <br /> <br />9 8 9 ~ ~ 9 ~ Q ~ Q ~ Q <br />~ ~r;:j 55 <:f"V ~'-J s::> ';Y :-; '!.. ';Y ~ "; ~ "-; ~ "; <br />') ~::> c.,e~ <::> ~o <;:l'; ""')'b-~ x~ ~7> ~~ ~7j ""').::i <br />-Portfolio Yield -Denchmark <br /> <br />At June 30th, the City's portfolio consisted of 68% in Texpool, 13% in Agency Notes, 17% in Certificates <br />of Deposit, 1 % in TexSTAR and 1 % in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br />170,0 <br /> <br />1% <br /> <br /> <br />68% <br /> <br />13% <br /> <br />.Texpool .TexSTAR CLogic . Agency Notes 111 Certificates of Deposit <br /> <br />. <br />