Illinois Mathematics and Science Academy

To ignite and nurture creative, ethical, scientific minds that advance the human condition.

Statement of Accountability for Investments

All of the financial resources of the Illinois Mathematics and Science Academy (IMSA) are maintained by the Treasurer of the State of Illinois, except those in the IMSA Locally Held Fund (Local Fund). In addition, IMSA maintains custodianship of the IMSA Student Activity Fund, an agency fund for student clubs and other student activities. The Local and the Agency Funds are considered current operating funds and cash in excess of current demand deposits is considered current working capital. The Federal Deposit Insurance Corporation covers the temporary investments in each fund and balances in excess of the federally insured amounts are collateralized in accordance with the requirements of the Illinois Legislative Code Section 105/6a-6. Investments are in accordance with policies adopted by the IMSA Board of Trustees pursuant to the Public Funds Investment Act of the State of Illinois.

 

The Illinois Accountability for the Investment of Public Funds Act requires the following data to be posted on the internet:









Account Balance Date Asset Allocation
Type of Investment
Annual   Yield Monthly Investment Income
$3,045,076.15 6/30/16 Public Funds Interest Checking 0.450% $1,090.17
$3,766,735.49 7/31/16 Public Funds Interest Checking 0.490% $1,337.05
$4,217,347.47 8/31/16 Public Funds Interest Checking 0.506% $1,772.26
$3,336,639.65 9/30/16 Public Funds Interest Checking

0.536%

$1,521.15
$3,345,081.30 10/31/16 Public Funds Interest Checking 0.554% $1,594.81
$3,388,275.35 11/30/16 Public Funds Interest Checking 0.558% $1,574.15
$3,424,511.73 12/31/16 Public Funds Interest Checking 0.594% $1,725.25
$3,395,082.51 01/31/17 Public Funds Interest Checking 0.660% $1,926.25
$3,456,265.95 02/28/17 Public Funds Interest Checking 0.740% $1,965.48
$3,465,429.39 03/31/17 Public Funds Interest Checking 0.772% $2,319.21
$3,542,838.46 04/30/17 Public Funds Interest Checking 0.851% $2,468.88
$3,696,257.98 05/31/17 Public Funds Interest Checking 0.926% $2,814.56
$3,742,931.24 06/30/17 Public Funds Interest Checking 0.944% $2,873.57
$4,308,676.56 07/31/17 Public Funds Interest Checking 1.022% $3,513.90
$4,272,866.83 08/31/17 Public Funds Interest Checking 1.111% $3,987.26
$3,337,280.18 09/30/17 Public Funds Interest Checking 1.157% $3,526.02
$3,320,076.81 10/31/17 Public Funds Interest Checking 1.198% $3,434.17
$3,408,432.35 11/30/17 Public Funds Interest Checking 1.219% $3,432.73
$3,383,616.09 12/31/17 Public Funds Interest Checking 1.239% $3,614.81
$3,335,402.02 01/31/18 Public Funds Interest Checking 1.339% $3,881.09
$3,367,360.38 02/28/18 Public Funds Interest Checking 1.456% $3,814.44
$3,461,226.71 03/31/18 Public Funds Interest Checking 1.512% $4,465.62
$3,397,512.92 04/30/18 Public Funds Interest Checking 1.624% $4,587.52

 Approved Depository Institutions:

  • Harris Bank of Aurora
  • Fifth Third Bank

(Note the Harris Bank of Aurora held all amounts shown above)