Agenda Item No. IV. D. 3.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - September, 2002

DESCRIPTION: The Treasurer reports the following public fund investments:







Amount Investment Period Date of Investment Successful Bidder Rate

$20,826,536.70

91 Days

9-27-02

Capitol Federal 1.80%

$5,000,000.00

182 Days

9-26-02

Capital City 1.66%

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

$ 67,560

Debt Retirement Fund

12,103

Building Construction Fund

14,697

Agency

12,600

Smoothing Fund

20,876

Total

$127,836





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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