TRANSMITTAL LETTER FOR BOARD MEETING OF MAY 15, 2008
COMMITTEE ON FINANCE
Mr. Richard Lanyon, General Superintendent
Title
Report on investments purchased during April 2008
Body
Dear Sir:
Attached are reports indicating the investments which were made for the various District Funds during the month of April 2008.
During the month, 121 individual investments were made with a total par value of $203,254,000.00 at an average annual yield of 2.87%. The interest income to maturity of these investments is approximately $1,643,000.
Investments made included 61 items for a period of from 30 to 730 days with a par value of $94,471,000.00, invested at an average yield of 2.66%, and 60 items for less than 30 days (average 11 days) with a par value of $108,783,000.00 at an average yield of 3.05%.
Respectfully Submitted, Harold G. Downs, Treasurer, HGD:wns
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