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



$300,000 180 days 8-29-00 MIP's 6.55%
$2,350,000 180 days 9-22-00 MIP's 6.46%
$3,350,000 180 days 9-28-00 Firstar Bank 6.58%


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 $114,790.17
Building Construction 62,549.55
Agency 15,975.13

Total

$193,314.85





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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