SUBJECT: Public Fund Investments - August, 2001
DESCRIPTION: The Treasurer reports the following public fund investments:
Amount
Investment Period
Date of Investment
Successful Bidder
Rate
$5,300,000
91 days
8-14-01
Capitol Federal
4.00%
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
$74,864.95
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