SUBJECT: Public Fund Investments
DESCRIPTION: The Treasurer reports the following public fund investments:
Amount
Amount Bidder 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.)
Investment
Period
Date of
Investment
Public
Fd Rate
Successful
Rate
$2,000,000
140 days
1-7-00
5.62%
Bank of
America
5.55% $3,000,000
161 days
1-7-00
5.82%
Bank of
America
5.60% $1,000,000
213 days
1-7-00
5.82%
Capital City
6.03% $1,700,000
259 days
1-7-00
5.82%
Bank of
America
5.73% $1,000,000
287 days
1-7-00
6.03%
Bank of
America
5.80% $150,000
364 days
1-7-00
6.03%
MIP's
6.03% $750,000
90 days
1-20-00
5.73%
MIP's
5.73% $500,000
365 days
1-20-00
6.16%
Kaw Valley
6.35%
FINANCIAL IMPLICATIONS:
This investment will generate the following interest income at maturity:
| General | $269,808.74 |
| Employee Benefit | 40,770.22 |
| Capital Improvement | 10,596.58 |
|
Total |
$321,175.54 |
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