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

 


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