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<br />CITY OF LA PORTE <br />Interoffice Memorandum <br /> <br />TO: <br /> <br />Barry Beasley, Councilmember <br />Howard Ebow, Councilmember <br />Chuck Engelken, Councilmember <br />Tommy Moser, Councilmember <br />Louis Rigby, Councilmember <br />Ron Bottoms, City Manager <br />John Joems, Assistant City Manager <br /> <br />Michael Dolby, Interim Finance Director <br />Phyllis Rinehart, Controller <br /> <br />FROM: <br /> <br />DATE: <br /> <br />January 18,2008 <br /> <br />SUBJECT: <br /> <br />Quarterly Investment Report <br /> <br />For the first quarter of the 2008 fiscal year, the City's investment portfolio yield has been between 4.57% <br />and 4.97%. The average return on the portfolio for the first quarter of the fiscal year was 4.78%, which is <br />above the average yield of our benchmark, which was 3.87% (see graph below). Our benchmark is the 6- <br />month T-Bill rate. The current year to date interest earned for the 2008 fiscal year for all funds is $791,000 <br />which is approximately 40% of the $2 M budgeted for the year. <br /> <br />City \'S. Benchmark <br /> <br />6.00% <br />5.00% <br />4.00%-u <br />3.00% <br />2.00% <br />1.00% <br /> <br />~ <br /> <br />-.:: <br /> <br />~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ ~ <br />....'b-<::' ~~ .}'b-<: ~<f .}~ ....v<$ ....~ ~~ ~f($. 0"-': ~&-' <:l'~ <br /> <br />- Portfolio Yield - Benchmark <br /> <br />At December 31st the City's portfolio consisted of 12% in Agency Notes, 86% in Texpool, 1% in TexSTAR <br />and 1 % in Logic (see pie chart below). <br /> <br />By Investment Type <br /> <br />12% <br /> <br /> <br />86% <br />I_ Texpool - TexST AR 0 Logic 0 Agency Notesl <br />