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