Washburn University Board of Regents

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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$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%


General	$26,718.90
Agency	3,082.17
Employee Benefit	18,493.14
Capital Improvement	24,657.54
Total	$72,951.75