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






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