TRANSMITTAL LETTER FOR BOARD MEETING OF MARCH 6, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on investment interest income during January 2008
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of January 2008 and a comparison of income for the same period in 2007.
The District’s inventory of investments at January 31, 2008, consisted of 220 items having a total par value of $804,236,824, an average annual yield of 4.01%, and total interest income to maturity of approximately $32,881,000. Inventory figures at the same date in 2007 were 332 items having a total par value of $916,411,986, an average annual yield of 4.89%, and interest income to maturity of approximately $44,529,000.
Respectfully submitted, Harold G. Downs, Treasurer, HGD:wns
Attachment