Agenda Item No.



Washburn University Board of Regents





SUBJECT: Public Fund Investments





DESCRIPTION: The Treasurer reports the following public fund investments:





Amount Amount
Investment Period Date of Investment Public Fd Rate Successful

Bidder

Rate
$750,000 90 days 10-15-99 5.88% MIP's 5.88%
$100,000 180 days 10-15-99 5.87% MIP's 5.88%
$500,000 180 days 10-15-99 5.87% MIP's 5.88%
$400,000 180 days 10-22-99 5.86% Kaw Valley 5.85%

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:



Agency 2,884.93
Capital Improvement 10,873.97
Building & Construction 8,669.60
Benefit 17,383.56
Total $39,812.06


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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