TRANSMITTAL LETTER FOR BOARD MEETING OF SEPTEMBER 16, 2010
COMMITTEE ON FINANCE
Mr. Richard Lanyon, Executive Director
Title
Report on the investment interest income during August 2010
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of August 2010 and a comparison of income for the same period in 2009.
The District’s inventory of investments at August 31, 2010, consisted of 165 items having a total par value of $804,780,745.00, an average annual yield of 1.135%, and total interest income to maturity of approximately $20.9 million. Inventory figures at the same date in 2009 were 177 items having a total par value of $984,376,001.74, an average annual yield of 0.890%, and interest income to maturity of approximately $8.0 million.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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