Agenda Item No. IV. D. 4.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - September, 2005



DESCRIPTION: The Treasurer reports the following public fund investments:



Amount

Investment Period

Date of Investment

Successful Bidder

Rate

$4,000,000

82 Days

9-29-05

Capital City

4.03%

$3,596,000

82 Days

9-29-05

Commerce

3.91%

$3,000,000

364 Days

9-29-05

Capitol Federal

4.19%

$5,000,000

182 Days

9-29-05

Commerce

4.06%











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

$161,570.61

Building Construction Fund

119,100.54

Agency Fund

13,709.04

Total

$294,380.19



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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