Agenda Item No. V. D. 4.

Washburn University Board of Regents





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


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