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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 lS <br /> DATE: July 7, 2011 <br /> SUBJECT: Quarterly Investment Report <br /> For the third quarter of the 2011 fiscal year, the City's investment portfolio yield has been between 0.26% <br /> and 0.31 %. The average return on the portfolio for the third quarter of the fiscal year was 0.28 %, which is <br /> above the average yield of our benchmark, which was 0.10% (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 $129,338 which <br /> is approximately 39% 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 0 0 0 N. N. N. ti N. N. <br /> J JCo e Q N G JN C N O N. C y t` <br /> Q. c� O o � �a t Sa Q C�a 0 <br /> Portfolio Yield Benchmark <br /> At June 30 the City's portfolio consisted of 70% in Texpool, 13% in Agency Notes, 15% in Certificates of <br /> Deposit, 1% in TexSTAR and 1% in Logic (see pie chart below). <br /> By Investment Type <br /> 70% 1% <br /> 1% <br /> 13% <br /> 15% <br /> ■Texpool ■TexSTAR uLogic ■Agency Notes in Certificates of Deposit <br /> 1 <br />