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2017 Annual Report • Finance Department • St. Anthony Village, Minnesota <br /> <br /> <br /> <br />13 <br /> <br />III. Finance Activity Unique to 2017 <br />IMPLEMENTED MWMO INVESTMENT STRATEGY PAYS OFF <br />The MWMO Finance staff along with the Executive Director implemented <br />a long term investment strategy during 2016. In 2017 the transitioning of <br />funds held in checking to money market and short term investments <br />continued. Given the expectation that interest rates would keep rising <br />through 2018 investment maturities were general less than 18 months. <br />The chart below depicts the strategy at work as the amounts invested in <br />the 4m fund and Multi Bank Securities have increased in 2017. This <br />contributed to the MWMO’s increase in interest earnings of $71,665, 87% greater than 2016. <br />Expectations for 2018 are a greater level of CD holdings and improving rates on the shorter term <br />investments. Interest earned as risen from $81,050 in 2015 and $82,232 in 2016 to $153,897 in 2017. <br /> <br />