TRANSMITTAL LETTER FOR BOARD MEETING OF JUNE 19, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on the Investment Interest Income during May 2008
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of May 2008 and a comparison of income for the same period in 2007.
The District’s inventory of investments at May 31, 2008, consisted of 411 items having a total par value of $883,822,275.65, an average annual yield of 3.27%, and total interest income to maturity of approximately $30.4 million. Inventory figures at the same date in 2007 were 401 items having a total par value of $1,025,805,724.00, an average annual yield of 5.14%, and interest income to maturity of approximately $49.8 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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