Agenda Item No.

Washburn University Board of Regents





SUBJECT: Public Fund Investments - November, 2001

DESCRIPTION: The Treasurer reports the following public fund investments:







Amount Investment Period Date of Investment Successful Bidder Rate

$1,000,000

218 Days

11-20-01

Kaw Valley Bank 2.41%

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:

Smoothing Fund

$ 14,393.97

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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