Agenda Item No. IV. D. 1. a.

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

$17,000,000 79 Days 9-30-03 Capitol Federal 1.4%
$5,000,000 183 Days 9-30-03 Capitol Federal 1.5%

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 $48,381
Debt Retirement Fund 8,618
Building Construction Fund 6,373
Agency Fund 10,739
Smoothing Fund 15,015
Total $89,126




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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