TRANSMITTAL LETTER FOR BOARD MEETING OF OCTOBER 21, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on the investment interest income during September 2010
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of September 2010 and a comparison of income for the same period in 2009.
The District’s inventory of investments at September 30, 2010, consisted of 164 items having a total par value of $726,211,889.20, an average annual yield of 1.489%, and total interest income to maturity of approximately $24.5 million. Inventory figures at the same date in 2009 were 172 items having a total par value of $1,045,699,779.78, an average annual yield of 0.85%, and total interest income to maturity of approximately $8.8 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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