Agenda Item No. IV. D. 4.

Washburn University Board of Regents



SUBJECT: Public Fund Investments - March, 2006



DESCRIPTION: The Treasurer reports the following public fund investments:



Investment Date of Successful

$10,096,000 89 Days 3-30-06 Commerce 5.02%
$3,000,000 265 Days 3-30-06 Commerce 5.02%
$5,000,000 182 Days 3-30-06 Commerce 5.02%
$5,000,000 364 Days 3-30-06 Kaw Valley 5.03%


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 61,173
Debt Retirement Fund 7,044
Building Constr Fund 335,172
Agency Fund 68,655
Smoothing Fund 136,843
Total $608,887




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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