SUBJECT: Public Fund Investments - April 2004
DESCRIPTION: The Treasurer reports the following public fund investments:
| Investment | Date of | Successful | Rate |
| $9,796,000 | 88 days | 4-1-04 | Capitol Federal | 1.30% |
| $4,000,000 | 182 days | 4-1-04 | Commerce | 1.27% |
| $4,000,000 | 263 days | 4-1-04 | Capitol Federal | 1.40% |
| $5,000,000 | 364 days | 4-1-04 | Capitol Federal | 1.50% |
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 | $116,550 |
| Debt Retirement Fund | 3,377 |
| Agency Fund | 25,937 |
| Smoothing Fund | 25,296 |
| Total | $171,160 |
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