TRANSMITTAL LETTER FOR BOARD MEETING OF DECEMBER 2, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on the investment interest income during October 2010
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of October 2010 and a comparison of income for the same period in 2009.
The District’s inventory of investments at October 31, 2010, consisted of 158 items having a total par value of $689,105,117.47, an average annual yield of 1.494%, and total interest income to maturity of approximately $23.9 million. Inventory figures at the same date in 2009 were 174 items having a total par value of $966,153,932.32, an average annual yield of 0.90%, and total interest income to maturity of approximately $8.7 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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