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
$250,000 180 days 6-4-99 4.80% MIP's 4.82%
$800,000 196 days 6-4-99 4.80% UMB Bank 4.74%
$250,000 241 days 6-4-99 4.80% Kaw Valley 5.00%
$250,000 270 days 6-4-99 5.24% Kaw Valley 5.10%
$250,000 301 days 6-4-99 5.24% Kaw Valley 5.20%
$250,000 329 days 6-4-99 5.24% Kaw Valley 5.25%
$4,330,000 182 days 6-18-99 4.90% UMB Bank 4.87%



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 Fund $ 24,923.59
Building & Construction 89,038.49
Loan 4,836.75
Employee Benefit 3,364.70
Tort 13,143.33
Agency 36,380.73
Total $171,687.59


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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