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
$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%

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 $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




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