TRANSMITTAL LETTER FOR BOARD MEETING OF JULY 9, 2009
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on investments purchased during June 2009
Body
Dear Sir:
Attached are reports indicating the investments which were made for the various District Funds during the month of June 2009.
During the month, 92 individual investments were made with a total par value of $185,776,000.00 at an average annual yield of 0.90%. The interest income to maturity of these investments is approximately $885 thousand.
Investments made included 32 items for a period of from 30 to 365 days with a par value of $104,675,000.00, invested at an average yield of 1.08%, and 60 items for less than 30 days (average 5 day) with a par value of $81,101,000.00 at an average yield of 0.67%.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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