SUBJECT: Public Fund Investments - December, 2005
DESCRIPTION: The Treasurer reports the following public fund investments:
Amount
Investment Period
Date of Investment
Successful Bidder
Rate
100 Days
12-20-05
Capital City
4.46%
$1,000,000
187 Days
12-20-05
Capital City
4.61%
$2,000,000
365 Days
12-20-05
Capital City
4.71%
$1,200,000
282 Days
12-20-05
Capital City
4.66%
$3,096,000
100 Days
12-20-05
Capitol Federal
4.27%
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
$ 42,768
Debt Retirement Fund
7,968
Building & Construction Fund
34,266
Tort Claim Fund
47,100
Agency Fund
41,981
Smoothing Fund
72,288
Total
$246,371
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