Agenda Item No. V. D. 3.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - June, 2005



DESCRIPTION: The Treasurer reports the following public fund investments:



Investment Date of Successful Rate

$3,000,000 175 Days 6-28-05 Capital City 3.51%
$3,596,000 93 Days 6-28-05 Capital City 3.41%
$2,000,000 275 Days 6-28-05 Commerce 3.63%

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 $ 33,657
Debt Retirement 5,936
Building Construction 66,572
Agency Fund 30,264
Total $136,429




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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