TRANSMITTAL LETTER FOR BOARD MEETING OF MAY 6, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on the investment interest income during March 2010
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of March 2010 and a comparison of income for the same period in 2009.
The District’s inventory of investments at March 31, 2010, consisted of 249 items having a total par value of $1,028,191,969.57, an average annual yield of 0.93%, and total interest income to maturity of approximately $19.2 million. Inventory figures at the same date in 2009 were 250 items having a total par value of $722,990,157.13, an average annual yield of 1.49%, and interest income to maturity of approximately $10.5 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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