TRANSMITTAL LETTER FOR BOARD MEETING OF JUNE 5, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on payment of interest for outstanding District bonds on June 2, 2008
Body
Dear Sir:
I wish to report that in accordance with the Rules of the Board and the various bond ordinances, on June 2, 2008, $28,393,856.25 was transferred to the paying agents for the District's bond issues for payment of interest on outstanding bonds due on June 1, 2008. The attached Schedule A indicates the amount paid on each outstanding bond issue.
Amalgamated Bank, as Escrow Agent for seven partially and fully refunded issues of District bonds, transferred $15,633,387.50 for interest due to the paying agent for each issue. (See attached Schedule B.)
The total District debt service payment on June 2, 2008, for interest was therefore $44,027,243.75.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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