TRANSMITTAL LETTER FOR BOARD MEETING OF JUNE 3, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on the investment interest income during April 2010
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of April 2010 and a comparison of income for the same period in 2009.
The District’s inventory of investments at April 30, 2010, consisted of 255 items having a total par value of $1,011,628,951.53, an average annual yield of 1.00%, and total interest income to maturity of approximately $21.0 million. Inventory figures at the same date in 2009 were 281 items having a total par value of $686,413,045.55, an average annual yield of 1.38%, and interest income to maturity of approximately $7.9 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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