Agenda Item No. V. D. 3.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - June, 2002

DESCRIPTION: The Treasurer reports the following public fund investments:





Amount Investment Period Date of Investment Successful Bidder Rate

$2,770,000

182 Days

6-26-02

Capitol Federal 2.00%

$13,326,537

91 Days

6-26-02

Capitol Federal 1.80%

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

$17,573

Debt Retirement Fund

13,332

Building Construction Fund

29,693

Tort

9,663

Smoothing Fund

17,179

Total

$87,440





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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