TRANSMITTAL LETTER FOR BOARD MEETING OF DECEMBER 18, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on the investment interest income during November 2008
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of November 2008 and a comparison of income for the same period in 2007.
The District’s inventory of investments at November 30, 2008, consisted of 354 items having a total par value of $767,506,671.46, an average annual yield of 2.47%, and total interest income to maturity of approximately $19.1 million. Inventory figures at the same date in 2007 were 290 items having a total par value of $866,441,128.00, an average annual yield of 4.83%, and interest income to maturity of approximately $40.9 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
Attachment