Because of the record amount of extra cash reserve that Buckeye has accumulated the last 5 years they are putting some of that money into short term investments. I don't know what exactly. Probably a combo of Money Market, CDs, and short term fixed income assets. That is why Donnelly is reporting that we are getting a good chunk of annual interest income as part of our overall revenues.
Here is the FY 2024 Income/Expense report they call the Statement of Revenues, Expenditures, and Changes in Fund Balances.
See Revenue line called Investment Income was $767,094 received for the year.
Looking at FY 2023, before Donnelly started more aggressively investing the funds, it was $269,000 received for the year.
Here is the FY 2024 Income/Expense report they call the Statement of Revenues, Expenditures, and Changes in Fund Balances.
See Revenue line called Investment Income was $767,094 received for the year.
Looking at FY 2023, before Donnelly started more aggressively investing the funds, it was $269,000 received for the year.
