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
$1,550,000 90 days 3-1-00 5.84% MIP's 5.84%
$500,000 180 days 3-1-00 6.04% MIP's 6.04%
$100,000 365 days 3-1-00 6.24% MIP's 6.24%
$650,000 210 days 3-10-00 6.07% Kaw Valley 6.15%
$1,400,000 257 days 3-10-00 6.07% Kaw Valley 6.25%
$150,000 90 days 3-22-00 6.01% MIP's 6.01%
$500,000 90 days 3-22-00 6.01% MIP's 6.01%
$200,000 180 days 3-22-00 6.19% MIP's 6.19%

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 $61,610
Agency 29,104
Debt Retirement 20,949
Building Construction 25,897
Tort 6,240

Total

$143,800



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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