Agenda Item No.

Washburn University Board of Regents



SUBJECT: Public Fund Investments - March, 2002

DESCRIPTION: The Treasurer reports the following public fund investments:





Amount Investment Period Date of Investment Successful Bidder Rate

$3,000,000

89 Days

3-29-02

Capital City 1.80%

$2,000,000

181 Days

3-29-02

Capital City 2.11%

$1,500,000

181 Days

3-29-02

Bank of America 1.89%

$1,500,000

264 Days

3-29-02

Bank of America 2.30%





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 Fund

$22,836

Benefit Fund

25,492

Agency Fund

10,463

Smoothing Fund

14,853

Total

$73,644





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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