TRANSMITTAL LETTER FOR BOARD MEETING OF MAY 15, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on the Investment Interest Income during April 2008
Body
Dear Sir:
Attached is a report of cash investment interest income received by the District for the month of April 2008 and a comparison of income for the same period in 2007.
The District’s inventory of investments at April 30, 2008, consisted of 497 items having a total par value of $908,157,261.60, an average annual yield of 3.41%, and total interest income to maturity of approximately $30,831,000. Inventory figures at the same date in 2007 were 414 items having a total par value of $1,041,341,143, an average annual yield of 5.13%, and interest income to maturity of approximately $48,028,000.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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