Agenda Item No.
Washburn University Board of Regents
SUBJECT: Public Fund Investments - April
DESCRIPTION: The Treasurer reports the following public fund investments:
Amount
Investment
Period
Date of
Investment
Successful
Bidder
Rate
| $6,950,000 | 86 days | 4-4-01 | Firstar | 4.71% |
| $1,400,000 | 177 days | 4-4-01 | Kaw Valley | 4.51% |
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 | $ 44,391 |
| Debt Retirement | 11,023 |
| Building Construction | 29,583 |
| Employee Benefit | 13,872 |
| Agency | 8,878 |
| Total | $107,747 |
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