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