Agenda Item No.
Washburn University Board of Regents
SUBJECT: Public Fund Investments June, 2001
DESCRIPTION: The Treasurer reports the following public fund investments:
|$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%|
|$3,800,000||99 days||6-24-01||UMB Bank||3.33%|
Bids for investment of the University's public funds are solicited from area financial institutions in accordance with University policy and in conformance with State law regarding public fund investment (K.S.A. 9-1401 et. seq.)
This investment will generate the following interest income at maturity:
|Building Construction||$ 10,810|
President Farley recommends approval by the Board of Regents of the Public Fund Investments reported in the description above.
(date) Jerry B. Farley, President