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






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