6019 - Investments

Frequently there will be a cash balance in a school district fund which, though allocated to a specific use, is temporarily not needed. This is particularly true of building monies received from the sale of bonds.

It is the policy of the board that the Business Administrator shall be authorized to invest, as permitted by law, any temporary balance in a school district fund which will remain unexpended for a reasonable period. A list of eligible investment institutions shall be approved by the board of education.

6/9/09