SUBJECT: Public Fund Investments - June, 2004
DESCRIPTION: The Treasurer reports the following public fund investments:
|$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:
|Debt Retirement Fund||4,343|
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