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
$380,000 90 days 4-7-00 6.01% MIP's 6.01%
$600,000 252 days 4-7-00 6.23% Fidelity State 6.45%
$500,000 180 days 4-13-00 6.25% MIP's 6.25%
$1,000,000 180 days 4-21-00 N/A Kaw Valley 6.25%

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 $26,718.90
Agency 3,082.17
Employee Benefit 18,493.14
Capital Improvement 24,657.54

Total

$72,951.75



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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