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