TRANSMITTAL LETTER FOR BOARD MEETING OF AUGUST 12, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on the investment interest income during July 2010
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of July 2010 and a comparison of income for the same period in 2009.
The District’s inventory of investments at July 31, 2010, consisted of 221 items having a total par value of $820,096,088.26, an average annual yield of 1.12%, and total interest income to maturity of approximately $20.2 million. Inventory figures at the same date in 2009 were 166 items having a total par value of $538,380,048.53, an average annual yield of 1.17%, and interest income to maturity of approximately $5.7 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
Attachment