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CITY OF LA PORTE <br /> Interoffice Memorandum <br /> TO: Chuck Engelken, Councilmember <br /> Tommy Moser, Councilmember <br /> Daryl Leonard, Councilmember <br /> John Zemanek, Councilmember <br /> Jay Martin, Councilmember <br /> Ron Bottoms, City Manager <br /> Traci Leach, Assistant City Manager <br /> FROM: Michael Dolby, Director of Finance <br /> Shelley Wolny, Treasurer <br /> DATE: May 9, 2011 <br /> SUBJECT: Quarterly Investment Report <br /> For the second quarter of the 2011 fiscal year, the City's investment portfolio yield has been between 0.31% <br /> and 0.32 %. The average return on the portfolio for the first quarter of the fiscal year was 0.31 %, which is <br /> above the average yield of our benchmark, which was 0.17% (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 $85,766 which is <br /> approximately 26% of the $335,000 budgeted for the year. <br /> City vs. Benchmark <br /> 0.80% <br /> 0.60% <br /> 0.40% <br /> 0.20% <br /> 0.00% <br /> 0 0 0 y 0 y 0 y N. N. N. N. y <br /> J N. N. <br /> sz 4a \mo � �� � O °� O ec N a. <(¢ m a t <br /> Portfolio Yield Benchmark <br /> At March 31st, the City's portfolio consisted of 69% in Texpool, 16% in Agency Notes, 13% in Certificates <br /> of Deposit, 1% in TexSTAR and 1% in Logic (see pie chart below). <br /> By Investment Type <br /> 69% 1% <br /> 1% <br /> 16% <br /> 13% <br /> ■ Texpool ■TexSTAR DLogic •Agency Notes DI Certificates of Deposit <br /> 1 <br />