SUBJECT: Public Fund Investments - December, 2004
DESCRIPTION: The Treasurer reports the following public fund investments:
| Investment | Date of | Successful | Rate |
| $3,596,000 | 101 days | 12-20-04 | Capital City | 2.47% |
| $4,000,000 | 180 days | 12-20-04 | Capitol Federal | 2.59% |
| $4,000,000 | 365 days | 12-20-04 | Kaw Valley | 3.01% |
Bids for investment of the University's public funds are solicited from area financial institutions in accordance with University policy and in conformance with State law regarding public fund investment (K.S.A. 9-1401 et. seq.)
FINANCIAL IMPLICATIONS: These investments will generate the following interest income at maturity:
| General Fund | 100,647 |
| Debt Retirement Fund | 4,670 |
| Building Constr Fund | 9,340 |
| Tort Claim Fund | 30,100 |
| Agency Fund | 24,050 |
| Smoothing Fund | 30,100 |
| Total | $198,907 |
RECOMMENDATION: President Farley recommends approval by the Board of Regents of the Public Fund Investments reported in the description above.
__________________ _________________________
date Jerry B. Farley, President