TRANSMITTAL LETTER FOR BOARD MEETING OF DECEMBER 16, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on the investment interest income during November 2010
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of November 2010 and a comparison of income for the same period in 2009.
The District’s inventory of investments at November 30, 2010, consisted of 181 items having a total par value of $645,688,833.59, an average annual yield of 1.534%, and total interest income to maturity of approximately $23.5 million. Inventory figures at the same date in 2009 were 154 items having a total par value of $980,123,746.35, an average annual yield of 0.81%, and total interest income to maturity of approximately $8.2 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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