Agenda Item No. V. D. 3.

Washburn University Board of Regents





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


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