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 |
|---|---|---|---|---|
| $ 2,639,659.03 | 1/31/22 | Public Funds Interest Checking | 0.18% | $ 412.02 |
| $ 2,714,964.35 | 2/28/22 | Public Funds Interest Checking | 0.18% | $ 352.91 |
| $ 2,793,042.68 | 3/31/22 | Public Funds Interest Checking | 0.18% | $ 406.30 |
| $ 2,681,313.42 | 4/30/22 | Public Funds Interest Checking | 0.18% | $ 376.10 |
| $ 2,291,521.17 | 5/31/22 | Public Funds Interest Checking | 0.33% | $ 525.47 |
| $ 2,050,728.00 | 6/30/22 | Public Funds Interest Checking | 0.33% | $ 600.64 |
| $ 3,065,936.27 | 7/31/22 | Public Funds Interest Checking | 0.678% | $ 1,470.74 |
| $ 3,685,449.19 | 8/31/22 | Public Funds Interest Checking | 0.857% | $ 2,652.92 |
| $3,685,449.19
$1,379,974.59 $267,472.10 |
9/30/22
9/30/22 9/30/22 |
Public Funds Interest Checking
Public Funds Money Market Corporate Money Market |
0.857%
0.857% 1.0% |
$ 1,503.63 $987.48 $221.30 |
|
$814,431.12 $1,581,416.84 $269,700.97 |
10/31/22
10/31/22 10/31/22 |
Public Funds Interest Checking
Public Funds Money Market Corporate Money Market |
0.857%
1.495% 1.0% |
$1,151.52 $1,442.25 $228.87 |
|
$723,617.17 $1,783,812.58 $269,927.52 |
11/30/22
11/30/22 11/30/22 |
Public Funds Interest Checking
Public Funds Money Market Corporate Money Market |
1.0%
1.495% 1.0% |
$584.35 $2,591.69 $271.55 |
|
$570,594.41 $1,976,030.82 $270,259.13 |
12/31/22
12/31/22 12/31/22 |
Public Funds Interest Checking
Public Funds Money Market Corporate Money Market |
1.0%
1.495% 1.25% |
$547.04 $2,453.11 $286.61 |
|
$534,078.17 $2,078,333.05 $270,546.05 |
1/31/23
1/31/23 1/31/23 |
Public Funds Interest Checking
Public Funds Money Market Corporate Money Market |
1.0%
1.495% 1.25% |
$610.79
$2,559.63 $286.92 |
| $638,741.79
$2,081,168.14 $270,853.66 |
2/28/23
2/28/23 2/28/23 |
Public Funds Interest Checking
Public Funds Money Market Corporate Money Market |
1.489%
1.98% 1.5% |
$717.45 $3,103.39 $307.61 |
|
$1,503,702.69 $366,861.85 $732,838.62 $271,198.72 |
3/31/23
3/31/23 3/31/23 3/31/23 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
4.696%
1.489% 1.98% 1.5% |
$3,702.69
$620.02 $1,947.48 $345.06 |
|
$1,509,722.44 $233,355.93 $733,877.89 $271,533.07 |
4/30/23
4/30/23 4/30/23 4/30/23 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
4.871%
1.489% 1.98% 1.5% |
$6,019.75 $437.16 $1,193.50 $334.35 |
|
$1,749,937.73 $324,991.39 $501,737.03 $271,879.00 |
5/31/23
5/31/23 5/31/23 5/31/23 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
5.087%
1.489% 1.98% 1.5% |
$7,215.29 $429.34 $956.85 $345.93 |
| $1,757,393.51
$307,939.00 $502,478.45 $272,214.19 |
6/30/23
6/30/23 6/30/23 6/30/23 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
5.184%
1.489% 1.98% 1.5% |
$7,455.78 $425.50 $817.13 $335.19 |
|
$1,765,319.44 $1,194,134.45 $503,257.18 $272,560.98 |
7/31/23
7/31/23 7/31/23 7/31/23 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
5.311%
1.489% 1.98% 1.50% |
$7,925.93 $886.44 $845.65 $346.79 |
|
$3,074,084.88 $416,842.96 $504,037.21 $272,908.22 |
8/31/23
8/31/23 8/31/23 8/31/23 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
5.454%
1.489% 1.98% 1.50% |
$8,765.44 $1,914.22 $846.95 $347.24 |
|
$3,088,010.84 $516,205.34 $504,791.04 $273,244.68 |
9/30/23
9/30/23 9/30/23 9/30/23 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
5.512%
1.489% 1.98% 1.50% |
$13,925.96 $614.82 $820.88 $336.46 |
|
$3,102,517.21 $581,712.51 $505,573.40 $273,592.79 |
10/31/23
10/31/23 10/31/23 10/31/23 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
5.532%
1.489% 1.98% 1.50% |
$14,506.37 $762.62 $849.54 $348.11 |
|
$3,116,591.72 $674,729.87 $506,329.46 $273,930.10 |
11/30/23
11/30/23 11/30/23 11/30/23 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
5.519%
1.489% 1.98% 1.50% |
$14,074.51 $844.79 $823.38 $337.31 |
|
$3,131,049.87 $801,063.04 $507,114.13 $274,279.08 |
12/31/23
12/31/23 12/31/23 12/31/23 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
5.462%
1.489% 1.98% 1.50% |
$14,458.15 $968.88 $852.12 $348.98 |
| $3,145,392.80
$914,643.95 $507,897,79 $274,627.55 |
1/31/24
1/31/24 1/31/24 1/31/24 |
Illinois Funds Investment Pool
Public Funds Interest Checking Public Funds Money Market Corporate Money Market |
5.392%
1.489% 1.98% 1.50% |
$14,342.93 $1,126.68 $851.11 $348.47 |
| JULY 2024 | ||||
| $3,231,201.90 | 7/31/2024 | Illinois Funds Investment Pool | 5.485% | $14,702.14 |
| $1,740,746.91 | 7/31/2024 | Public Funds Interest Checking | 1.489% | $1,413.42 |
| $512,514.08 | 7/31/2024 | Public Funds Money Market | 1.98% | $858.85 |
| $276,682.38 | 7/31/2024 | Corporate Money Market | 1.50% | $351.08 |
| $5,761,145.27 | JULY 2024 TOTALS | 3.19% | $17,325.49 |
Approved Depository Institutions:
- BMO Bank of Aurora (Local Fund 1223 & Student Activity Fund 1366)
- JP Morgan Chase (Special Purpose Trust Fund 0359)
- The Illinois Funds (Local Fund 1223)
(BMO Bank and The Illinois Funds held amounts shown above)
