ANS/CA - Betsy & Merrill Goodall Scholarship Fund earned an interest income of $916.23 ($906.76 interest from CD and $9.47 from Regular Savings account) as of Dec. 31, 2007, and the total grant was $600.00. No donation received as of this reporting. We have an interest balance of $1,746.27 available for grant. Fund balance: $25,071.71 in CD and $4,025.74 in Reg. Savings account.
I have already made arrangement to issue checks on the interest included in CD (both scholarship) so that I can deposit it into Savings Account. Due to change of signators WaMu Bank cant automacally transfer the interest to the savings account as it is a very old account. The CD for $25,000.00 (after taking out $71.71) which is making 3.49% interest will mature on Feb. 20, 2008. I hope the interest rate will not go down at the time of renewal.