Agenda Item No.

Washburn University Board of Regents

 

 

SUBJECT: Public Fund Investments September, 2001

DESCRIPTION: The Treasurer reports the following public fund investments:

 

 

 

Amount

Investment Period

Date of Investment

Successful Bidder

Rate

 

$2,000,000

91 days

9-28-01

Capitol Federal

3.30%

$3,500,000

182 days

9-28-01

Capitol Federal

3.50%

$1,500,000

271 days

9-28-01

Capitol Federal

3.80%

 

 

 

 

 

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

$ 26,494.59

Building Construction

15,063.98

Agency

17,560.37

Smoothing

17,560.37

Employee Benefit

42,920.94

Total

$119,600.25

 

 

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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