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<br />CITY OF LA PORTE <br />Interoffice Memorandum <br /> <br />TO: <br /> <br />Chuck Engelken, Councilmember <br />Tommy Moser, Councilmember <br />Daryl Leonard, Council member <br />John Zemanek, Councilmember <br />Jay Martin, Councilmember <br />Ron Bottoms, City Manager <br />Traci Leach, Assistant City Manager <br /> <br />FROM: <br /> <br />Michael Dolby, Director of Finance <br />Shelley Wolny, Treasurer <br /> <br />DATE: <br /> <br />January 13,2011 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the first quarter of the 2011 fiscal year, the City's investment portfolio yield has been between 0.40% <br />and 0.5 I %. The average return on the portfolio for the first quarter of the fiscal year was 0.45%, which is <br />above the average yield of our benchmark, which was 0.18% (see graph below). Our benchmark is the 6- <br />month T-Bill rate. The year to date interest earned for the 2011 fiscal year for all funds was $42,784 which is <br />approximately 13% of the $335,000 budgeted for the year. <br /> <br />0.80% <br /> <br />City vs. Benchmark <br /> <br />0.60% <br /> <br />0.40% <br /> <br /> <br />0.20% <br />0.00% <br /> <br />~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ * <br />,,~"' '<.Q? ~'?><.: 1?-~f ~if ".y.~ ,,~,/ "<-\:}~ C;,~'i 0<"><': ~o.J,. <:::Jc,0 <br /> <br />-Portfolio Yield -Benchmark <br /> <br />At December 31st, the City's portfolio consisted of 66% in Texpool, 10% in Agency Notes, 22% in <br />Certificates of Deposit, 1% in TexSTAR and 1 % in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br /> <br />10% <br /> <br />20% <br /> <br />.Texpool .TexSTAR DLogic .Agency Notes EIlICertificatesofDeposit <br />