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