Agenda Item No.
Washburn University Board of Regents
SUBJECT: Public Fund Investments
DESCRIPTION:
The Treasurer reports the following public fund investments:
|
Amount |
Investment Period |
Public Fund Rates |
Wall Street Journal Rates |
T-Bill Rate |
Successful Bidder |
Rate |
|
$800,000 |
203 days |
4.81% |
5.14% |
4.19% |
Kaw Valley |
4.76% |
||||
|
$170,000 |
224 days |
4.81% |
5.14% |
4.19% |
Kaw Valley |
4.76% |
||||
|
$200,000 |
182 days |
4.81% |
5.14% |
4.19% |
Kaw Valley |
4.76% |
||||
|
$835,000 |
252 days |
4.81% |
5.14% |
4.19% |
Kaw Valley |
4.76% |
||||
|
$1,050,000 |
198 days |
4.84% |
--- |
--- |
MIP |
4.84% |
||||
|
$100,000 |
182 days |
4.84% |
--- |
--- |
MIP |
4.84% |
||||
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 |
$40,480.44 |
|
Debt Retirement Fund |
4,966.05 |
|
Agency Fund |
6,017.92 |
|
Building Constr. Fund |
7,159.67 |
|
Benefit Fund |
27,441.07 |
|
Total |
$86,065.15
|
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