TRANSMITTAL LETTER FOR BOARD MEETING OF JULY 8, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on the investment interest income during May 2010
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of May 2010 and a comparison of income for the same period in 2009.
The District’s inventory of investments at May 31, 2010, consisted of 246 items having a total par value of $964,376,368.65, an average annual yield of 1.03%, and total interest income to maturity of approximately $20.7 million. Inventory figures at the same date in 2009 were 275 items having a total par value of $663,230,608.47, an average annual yield of 1.13%, and interest income to maturity of approximately $6.2 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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