SUBJECT: Public Fund Investments - June, 2006
DESCRIPTION: The Treasurer reports the following public fund investments:
Amount
Investment Period
Date of Investment
Successful Bidder
Rate
$4,000,000
93 Days
6-27-06
Commerce
5.21%
$1,000,000
365 Days
6-27-06
Commerce
5.56%
$5,000,000
176 Days
6-27-06
Commerce
5.41%
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
79,185
Debt Retirement Fund
12,521
Bldg & Construction Fund
65,217
Agency Fund
74,382
Govt & Research Fund
7,826
Total
$239,131
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