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
$46,000 60 months 5-1-00 N/A Kaw Valley 7.30%
$1,000,000 366 days 5-10-00 6.89% Kaw Valley 7.01%
$3,500,000 91 days 6-6-00 6.50% Bank of America 6.52%

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 $ 32,425.95
Building Construction 24,461.69
Endowment 16,790.00
Smoothing 70,292.05

Total

$143,969.69



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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