Laserfiche WebLink
<br />e <br /> <br />e <br /> <br />CITY OF LA PORTE <br />Interoffice Memorandum <br /> <br />TO: <br /> <br />Barry Beasley, Councilman <br />Howard Ebow, Councilman <br />Chuck Engelken, Councilman <br />Peter Griffiths, Councilman <br />Debra Brooks Feazelle, City Manager <br /> <br />FROM: <br /> <br />Cynthia Alexander, Assistant City Manager <br />Shelley Wolny, Investment Officer5t,J <br /> <br />~ <br /> <br />DATE: <br /> <br />October 18, 2004 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the fourth quarter of the 2004 fiscal year, the City's investment portfolio yield has been between <br />1.46% and 1.84%. The average return on the portfolio for the third quarter of the fiscal year was 1.64%, <br />which is 1 basis point above the average yield of our benchmark, which was 1.63% (see graph below). <br />The current year to date interest earned for the 2004 fiscal year is $471,012. <br /> <br />City vs. Benchmark <br /> <br />1.50% <br /> <br /> <br />3.00% <br /> <br />2.50% <br /> <br />2.00% <br /> <br />1.00% <br /> <br />~"') ~"') ~"') ~~:ct ~IJ- ~ ~ ~ ~ ~ ~ <br />o~ ~,,;~ <:)",1;; ,'tJ.~ v..'" ~~ ~~~ ~~ ,# ,~ ~~ e,"'~ <br /> <br />- Portfolio Yield - Benchmark <br /> <br />At September 30th the City's portfolio consisted of 37% in Agency Notes, 40% in Texpool, 10% in <br />TexSTAR and 13% in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br /> <br /> <br />13% <br /> <br />10% <br /> <br />I ClTexpool .TexSTAR IJLogic IJAgencyNotes I <br /> <br />Yields are slowly rising on the short end, but have remained steady around the 2 year range. With that in <br />mind, our main focus continues to be the laddering of our portfolio. <br /> <br />1 <br />