Agenda Item No. IV. D. 4.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - December, 2002

DESCRIPTION: The Treasurer reports the following public fund investments:







Amount Investment Period Date of Investment Successful Bidder Rate

$6,000,000

98 Days

12-19-02

Capital City 1.30%

$3,000,000

188 Days

12-19-02

Capital City 1.34%

$1,000,000

354 Days

12-19-02

Kaw Valley 1.85%

$9,226,537

98 Days

12-19-02

UMB 1.06%

$2,270,000

188 Days

12-19-02

UMB 1.07%

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

$40,491

Debt Retirement Fund

8,403

Building Construction Fund

4,464

Agency Fund

2,101

Tort Fund

6,833

Smoothing Fund

36,574

Total

$98,866





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


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