Agenda Item No. IV. D. 4.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - March, 2005



DESCRIPTION: The Treasurer reports the following public fund investments:



Investment Date of Successful Rate

$3,298,000 89 Days 3-31-05 Commerce Bank 3.01%
$6,000,000 364 Days 3-31-05 Commerce Bank 3.56%
$5,000,000 182 Days 3-31-05 Commerce Bank 3.26%
$3,298,000 89 Days 3-31-05 Capital City 3.01%
$1,470,000 264 Days 3-31-05 Commerce Bank 3.31%
$1,400,000 264 Days 3-31-05 Capitol Federal 3.31%
$1,400,000 264 Days 3-31-05 Capital City 3.31%


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 $376,316
Debt Retirement Fund 4,841
Building & Constr Fund 22,142
Agency Fund 23,342
Smoothing Fund 18,301
Total $444,942




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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