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Annual Report of the Comptroller, 1999
Volume 362, Page 20   View pdf image (33K)
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CASH MANAGEMENT

During the year, temporary surpluses of cash in general governmental funds were invested in repurchase
agreements, U.S. Treasury and agency obligations, and money market accounts with maturities ranging from 1 to
365 days. As of June 30,1999, the State's cash resources for general governmental funds were invested as follows:
in repurchase agreements, 92.3%; in U.S. Treasury and agency obligations, money market accounts and other, 7.7%.
The average yield on maturing investments during the year was 5.2%, as compared to 5.5% in the prior year, and
the amount of interest received was $174,945,000 which was $23,502,000 more than the previous year.

The Average Yield on Maturing Investments

7%

Source: Investments Report, State Treasurer's Office, 1999.

Interest Received on Maturing Investments of General
Governmental Funds

Source: Investments Report, State Treasurer's Office, 1999.

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Annual Report of the Comptroller, 1999
Volume 362, Page 20   View pdf image (33K)
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