SUBJECT: Public Fund Investments - June, 2004
DESCRIPTION: The Treasurer reports the following public fund investments:
| Investment | Date of | Successful | Rate |
| $2,796,000 | 94 Days | 6-28-04 | Commerce | 1.63% |
| $4,270,000 | 276 Days | 6-28-04 | Capitol Federal | 1.91% |
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 | 36,385 |
| Debt Retirement Fund | 4,343 |
| Agency Fund | 6,573 |
| Smoothing Fund | 26,106 |
| Total | $73,407 |
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