Agenda Item No.

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
$1,850,000 238 Days 2-26-99 4.70% UMB Bank 4.58%
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 $ 29,731.47
Building & Construction 7,436.99
Agency 17,838.88
Total $ 55,007.34

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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