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Town Hall Meeting Treasury Services January 22, 2009

Town Hall Meeting Treasury Services January 22, 2009. Treasury Services. Investments Banking Services Debt Management Commercial Paper Program UNT Endowments. Investments. The University’s investment portfolio is approximately $280 million dollars

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Town Hall Meeting Treasury Services January 22, 2009

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  1. Town Hall MeetingTreasury ServicesJanuary 22, 2009

  2. Treasury Services • Investments • Banking Services • Debt Management • Commercial Paper Program • UNT Endowments

  3. Investments • The University’s investment portfolio is approximately $280 million dollars • The Public Funds Investment Act is the governing statue for investing public funds • Safeguard of principal is #1 priority

  4. Investments • A few of the authorized investments for the University • Agencies • US Treasuries • Certificate of Deposits • Repurchase Accounts • Authorized local government investment pools

  5. Investments • The Board of Regents receive a quarterly investment report • Internal audit performs an audit yearly to assure that we are in compliance with the Public Funds Investment Act

  6. Banking Services • Coordinate cash requirements in connection with PPS, Student Accounting and Payroll activity • Monitor of collateral funds daily

  7. Banking Services • Fraud • Coordinate with Wells Fargo to monitor bank accounts for fraudulent activity • Positive pay • Fraud filter • Wires

  8. Debt • The University of North Texas System debt is issued under “The University of North Texas System Revenue Financing System Bonds” • Two types of bonds are issued • Non-taxable exempt bonds • Taxable bonds

  9. Debt

  10. Debt • Bond ratings are a critical component of debt issuance • UNT’s bond ratings • Moody’s Aa3 Stable • Fitch AA- Stable

  11. Debt • Key Indicators that the rating agencies monitor • Total enrollment • Total Pro-Forma Direct Debt • Expendable Resources to Operations • Three-year Average Operating Margin • Reliance on State Funding • State of Texas Rating: Aa1

  12. Commercial Paper Program • Commercial Paper program was established in 2004 • Benefit to the University • Short-term variable debt • Monitor issues and maturities • Monitor timely and proper spending of funds • Repayment of principal

  13. UNT Endowments • The University manages approximately 350 endowments with a market value of approx $24 million dollars • Quarterly distribution to companion deptids

  14. UNT Endowments • Financial crisis • Since September 2008 UNT endowments have lost value along with the stock market • This affects the amount of money distributed to companion deptids • Scholarships are most affected • Less than 1% of UNT endowments distributions supports operations

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