Agenda Item No.



Washburn University Board of Regents







SUBJECT: Public Fund Investments - November







DESCRIPTION: The Treasurer reports the following public fund investments:









Amount Investment Period Date of Investment Successful Bidder Rate



$2,970,000 90 days 11-8-00 Capital City 6.67%
$1,000,000 368 days 11-10-00 Kaw Valley 7.00%

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:

Debt Retirement $ 6,578
Building Construction 1,645
Employee Benefit 9,868
Tort 1,151
Smoothing 70,575
Capital Improvement 24,670
Government & Research 4,934

Total

$119,421





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






[ WU Home ] [ Directory ] [ A-Z Index ] [ Sitemap ] [ Contact WU ] [ Statements & Disclosures ] [ Accessibility ] [ Search ]
© 2014 Washburn University, 1700 SW College Ave, Topeka, Kansas 66621 (785) 670-1010
Contact webmaster@washburn.edu with questions or comments.