Agenda Item No.
Washburn University Board of Regents
SUBJECT: Public Fund Investments - December
DESCRIPTION: The Treasurer reports the following public fund investments:
Amount
Investment
Period
Date of
Investment
Successful
Bidder
Rate
| $9,300,000 | 182 days | 12-19-00 | Capitol Federal | 6.55% |
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:
| Building Construction | $ 36,491.53 |
| Employee Benefit | 149,392.98 |
| Tort | 33,188.15 |
| Agency | 73,044.80 |
| Capital Improvement | 3,334.24 |
| Government & Research | 13,275.26 |
|
Total |
$308,726.96 |
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