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CITY OF LA PORTE <br />Interoffice Memorandum <br />TO:Chuck Engelken, Councilmember <br /> Jay Martin, Councilmember <br />Thomas Garza, Councilmember <br />Corby Alexander, City Manager <br />Jason Weeks, Assistant City Manager <br />FROM: Michael Dolby, Director of Finance <br /> Shelley Wolny, Treasurer <br />DATE: July 31, 2019 <br />SUBJECT: Quarterly Investment Report <br />For the third quarter of the 2019 fiscal year, the City’s investment portfolio yield averaged 2.36%, which is just <br />above the average yield of our benchmark at 2.35% (see graph below). The total interest earned through June <br />2019 for all funds is $1,850,655, which is 286% of the budget of $647,700. <br />City vs. Benchmark <br />3.00% <br />2.50% <br />2.00% <br />1.50% <br />1.00% <br />` <br />0.50% <br />0.00% <br />Portfolio YieldBenchmark <br /> <br />th <br />A breakdown of the investment portfolio by investment type is shown below. At June 30, the City’s portfolio <br />totaled $102,563,350 and consisted of 22% in Texpool, 29% in Agency Notes, 12% in Texas Class and 37% in Logic. <br />By Investment Type <br />12% <br />37% <br />29% <br />22% <br />TexpoolLogicTexas CLASSAgency Notes <br /> <br />The City receives approximately half of revenues by January due to tax collections and in-lieu payments. These <br />funds are moved into the various investment pools, and reinvested in agency notes throughout the year. At the <br />end of the third quarter, the City’s portfolio consisted of 71% of the portfolio maturing overnight, 21% maturing <br /> 1 <br /> <br />