Agenda Item No. V. D. 3.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - June, 2003



DESCRIPTION: The Treasurer reports the following public fund investments:





Investment Date of Successful Rate

$3,257,500 103 Days 6-18-03 Capitol Federal 1.00%
$3,257,500 182 Days 6-18-03 Capitol Federal 1.05%
$15,000,000 110 Days 6-25-03 Capitol Federal 1.00%
$5,270,000 189 Days 6-25-03 Capitol Federal 1.05%

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 $36,628
Debt Retirement Fund 34,287
Tort Claim Fund 5,082
Agency Fund 2,794
Smoothing Fund 14,177
Total $92,968




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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