Agenda Item No.



Washburn University Board of Regents







SUBJECT: Public Fund Investments







DESCRIPTION: The Treasurer reports the following public fund investments:









Amount Amount

Investment Period Date of Investment Public Fd Rate Successful

Bidder

Rate
$5,625,000 182 days 12-17-99 5.85% Bank of America 5.70%
$ 500,000 90 days 12-17-99 5.20% Bank of America 5.65%
$ 500,000 133 days 12-17-99 5.85% Bank of America 5.65%

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:



This investment will generate the following interest income at maturity:

General $10,436.81
Building & Constr. 38,768.04
Agency 72,034.46
Loan 5,770.54
Benefit 23,779.15
Tort 28,804.06

Total



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




[ WU Home ] [ Directory ] [ A-Z Index ] [ Sitemap ] [ Contact WU ] [ Statements & Disclosures ] [ Accessibility ] [ Search ]
© 2014 Washburn University, 1700 SW College Ave, Topeka, Kansas 66621 (785) 670-1010
Contact webmaster@washburn.edu with questions or comments.