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
$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%
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