Re: Treasurer's Report as of 2011-08-31

If I understand this correctly, on cash assets of roughly 1/4 million
dollars,

> Balance Sheet as of August 31, 2011
>
> ASSETS
> Current Assets
> Chase BusinessClassic Checking with Interest 8,528.04
> Chase Business Select High Yield Savings 97,585.75
> Key Business Reward Checking 88,380.75
> Key Business Signature Money Market Savings 36,015.37
> Ameriprise Cash Mgmt Acct 13,401.62
>
> Total Current Assets 243,911.50

held in fixed-interest accounts, i.e., accounts which do not fluctuate
with the stock or bond markets, we received interest of less than $14
last month

> Income Statement
> for the Period August 01, 2011 - August 31, 2011
>
> ...
>
> Interest Income
> Key Bank Money Mkt Savings 1.53
> Chase BusinessClassic Checking 0.16
> Chase Bus Select High Yield Savings 11.76
>
> Total Interest Income 13.45

which is an annual interest rate of roughly

100 * 12 * 13.45 / 243911.50
=>
0.066 %

Rounding up, zero point zero seven percent.
That is, a little bit more than one twentieth of one percent.

--Barak.