Agenda Item No. IV. D. 1.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - March, 2003



DESCRIPTION: The Treasurer reports the following public fund investments:



Amount Investment Period Date of Investment Successful Bidder Rate

$15,000,000

91 Days

3-27-03

Capitol Federal 1.40%

$5,000,000

182 Days

3-27-03

Capitol Federal 1.45%

$2,000,000

266 Days

3-27-03

Capitol Federal 1.50%

$3,000,000

370 Days

3-27-03

Capitol Federal 1.55%

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

$119,155

Debt Retirement Fund

9,855

Building Construction Fund

4,668

Agency Fund

10,050

Smoothing Fund

14,913

Total

$158,641



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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