Agenda Item No. V. B. 1. a.

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

$4,100,000	180 days	1-29-99	4.70%	MIP's	4.70%
$1,000,000	140 days	1-29-99	4.70%	Mercantile	4.50%
$500,000	224 days	1-29-99	4.70%	UMB Bank	4.41%
$500,000	238 days	1-29-99	4.70%	UMB Bank	4.41%
$1,000,000	244 days	1-29-99	4.70%	Mercantile	4.50%
$500,000	252 days	1-29-99	4.70%	UMB Bank	4.41%

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:

General Fund	$ 96,402.96
Debt Retirement Fund	15,109.79
Employee Benefit	58,978.50
Tort	3,421.09
Agency	11,593.68
Total	$185,506.02

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