Agenda Item No.
Washburn University Board of Regents
SUBJECT: Public Fund Investments June, 2001
DESCRIPTION: The Treasurer reports the following public fund investments:
Amount
Investment
Period
Date of
Investment
Successful
Bidder
Rate
| $1,000,000 | 100 days | 6-20-01 | Fidelity State | 3.62% |
| $1,000,000 | 183 days | 6-20-01 | Fidelity State | 3.69% |
| $1,500,000 | 282 days | 6-20-01 | Kaw Valley | 4.35% |
| $1,500,000 | 182 days | 6-21-01 | UMB Bank | 3.33% |
| $3,800,000 | 99 days | 6-24-01 | UMB Bank | 3.33% |
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:
| Building Construction | $ 10,810 |
| Employee Benefit | 88,876 |
| Tort | 18,501 |
| Agency | 19,872 |
| Total | $138,059 |
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