Agenda Item No. IV. D. 3.

Washburn University Board of Regents





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


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