Agenda Item No. IV. D. 3.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - December, 2003





DESCRIPTION: The Treasurer reports the following public fund investments:





Investment Date of Successful Rate

$10,896,000 104 Days 12-18-03 Capitol Federal 1.25%
$5,527,500 193 Days 12-18-03 Capitol Federal 1.35%
$3,500,000 287 Days 12-18-03 Capitol Federal 1.40%
$4,000,000 368 Days 12-18-03 Kaw Valley 1.54%

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 $ 97,371
Debt Retirement Fund 3,110
Building Construction Fund 19,993
Tort Claim Fund 15,527
Agency Fund 3,888
Smoothing Fund 39,433
Total $179,322




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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