TRANSMITTAL LETTER FOR BOARD MEETING OF AUGUST 14, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on the investment interest income during July 2008
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of July 2008 and a comparison of income for the same period in 2007.
The District’s inventory of investments at July 31, 2008, consisted of 277 items having a total par value of $779,125,127.44, an average annual yield of 3.20%, and total interest income to maturity of approximately $26.3 million. Inventory figures at the same date in 2007 were 318 items having a total par value of $936,925,410.00, an average annual yield of 5.14%, and interest income to maturity of approximately $49.1 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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