Agenda Item No.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - December, 2001

DESCRIPTION: The Treasurer reports the following public fund investments:







Amount Investment Period Date of Investment Successful Bidder Rate

$1,000,000

91 days

12-21-01

Capitol Federal 1.75%

$7,300,000

182 days

12-21-01

Capitol Federal 1.85%

$1,000,000

363 days

12-21-01

Kaw Valley 2.70 %

$1,000,000

279 days

12-21-01

Kaw Valley 2.40%

$9,000,000

91 days

12-27-01

Capitol Federal 1.90%

$1,976,690

91 days

12-27-01

Capitol Federal 1.90%

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 Fund

$ 46,576

Debt Retirement

51,996

Building Construction

4,710

Employee Benefit

13,904

Tort

9,037

Smoothing

45,197

Total

$171,420



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.