Agenda Item No.

Washburn University Board of Regents

SUBJECT: Public Fund Investments

DESCRIPTION: The Treasurer reports the following public fund investments:

Amount

Investment Period

Date of Investment

Public Fd Rate

WSJ Rate

T-Bill Rate

Successful

Bidder

Rate

$1,100,000

180 days

10-30-98

4.65%

N/A

4.155%

MIP

4.65%

$270,000

180 days

10-30-98

4.65%

N/A

4.155%

MIP

4.65%

$250,000

72 days

11-18-98

4.70%

N/A

N/A

UMB

4.87%

$250,000

212 days

11-18-98

4.88%

N/A

N/A

Kaw Valley

4.70%

$250,000

254 days

11-18-98

4.88%

N/A

N/A

Kaw Valley

4.70%

$250,000

286 days

11-18-98

4.76%

N/A

N/A

Kaw Valley

4.70%

$150,000

316 days

11-18-98

4.76%

N/A

N/A

Kaw Valley

4.70%

$3,100,000

182 days

12-18-98

4.76%

4.95%

4.39%

MIP

4.76%

$350,000

364 days

12-18-98

4.66%

4.89%

N/A

Kaw Valley

4.70%

$600,000

154 days

12-18-98

4.76%

4.95%

4.39%

Kaw Valley

4.66%

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

$ 25,224.65

Debt Retirement Fund

17,988.33

Building Constr. Fund

60,875.15

Agency Fund

28,161.73

Loan Fund

4,730.00

Employee Benefit Fund

11,715.86

Tort Fund

16,404.93

Total

$165,100.65

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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