[Greenway-board] Treasurer Report

[William Breazeale]

Attached is the report for the April 24 meeting.
The report has been prepared in Excel to make it easier to update and to detail interest earned on the endowment funds..
$15,000 has been transferred to Smith Barney from the BB&T checking account, leaving some $328 at BB&T; we have to keep an account there for the safe deposit box. The money market at Smith Barney is earning over 4% now.  I have also attached the Smith Barney information to show how much is in CD's ( $15,000 invested) and how much in money market. We will keep  our operating funds at Smith Barney  ( at about $13,000 now) in the money market account so we can write checks on this. The remaining endowment funds can be invested in CD's.

We have good chunk now in the endowment funds in the money funds ( $6000 plus ) to buy another CD -- John Allman recommends 6 month for 5%. Longer term does not get you much more -- 3 years is 5.2 5. So the Board should take action on this.

See you Monday! William 
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://rtpnet.org/pipermail/greenway-board/attachments/20060418/0ef11132/attachment-0002.htm 
-------------- next part --------------
A non-text attachment was scrubbed...
Name: April 24, 06 report.doc
Type: application/msword
Size: 62464 bytes
Desc: not available
Url : http://rtpnet.org/pipermail/greenway-board/attachments/20060418/0ef11132/attachment-0001.doc 
-------------- next part --------------
An HTML attachment was scrubbed...
URL: http://rtpnet.org/pipermail/greenway-board/attachments/20060418/0ef11132/attachment-0003.htm