Bowen Island Municipality Notes to Financial Statements
December 31, 2009
3. Portfolio Investments 2009 MFA short-term bond fund MFA money market fund
2008
$ 5,739,303 541,597
$
2,858,355 3,510,223
$ 6,280,900
$
6,368,578
Short term bonds and money market funds include bank issued notes, bonds and Provincial bonds and debentures. The current yield of the bond fund is 7.34% (2008 - 5.36%) with maturities ranging from March 2010 to December 2027. The current yield of the money market fund is 1.07% (2008 - 3.62%) and it is redeemable at any time.
Bowen Island Municipality
48
2009 Annual Report