TRANSMITTAL LETTER FOR BOARD MEETING OF AUGUST 14, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on investments purchased during July 2008
Body
Dear Sir:
Attached are reports indicating the investments which were made for the various District Funds during the month of July 2008.
During the month, 75 individual investments were made with a total par value of $268,212,153.87 at an average annual yield of 2.99%. The interest income to maturity of these investments is approximately $5.85 million.
Investments made included 35 items for a period of from 30 to 730 days with a par value of $134,958,153.87, invested at an average yield of 3.31%, and 40 items for less than 30 days (average 9 days) with a par value of $133,254,000.00 at an average yield of 2.67%.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
Attachments