Agenda Item No.



Washburn University Board of Regents





SUBJECT: Public Fund Investments





DESCRIPTION: The Treasurer reports the following public fund investments:





Amount Investment Period Date of Investment Successful Bidder Rate



$500,000 180 days 7-26-00 MIP's 6.63%
$90,000 90 days 7-26-00 MIP's 6.46%
$320,000 150 days 7-26-00 UMB 6.40%
$250,000 119 days 7-26-00 UMB 6.36%
$2,000,000 426 days 8-1-00 Capitol Federal 6.90%
$300,000 90 days 8-1-00 MIP's 6.47%
$500,000 143 days 8-1-00 UMB 6.30%
$700,000 211 days 8-1-00 Capitol Federal 6.80%
$1,000,000 365 days 8-7-00 Capital City 7.07%
$800,000 220 days 8-22-00 Capitol Federal 6.369%
$500,000 251 days 8-22-00 Capitol Federal 6.385%
$250,000 90 days 8-22-00 MIP's 6.42%
$300,000 122 days 8-22-00 UMB 6.33%
$500,000 190 days 8-22-00 Capitol Federal 6.352%


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 $319,962.15
Debt Retirement 10,025.59
Building Construction 43,577.32
Tort 1,435.81
Capital Improvement 8,173.98
Agency 6,613.28
Government & Research 4,786.03

Total

$394,574.16



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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