Purpose:
The district shall optimize its return through investment of its unencumbered cash balances in such a way as to minimize non-invested balances and maximize return on investments.

Authority:
All investments of the Board by an officer or employee of this district, require Board approval in accordance with the following policy.

Responsibility:
Funds of the Board may be invested in U.S. Treasury bills or placed in time accounts or share accounts of institutions insured by the F.D.I.C. to the extent such certificates are insured by a proper bond in accordance with law and Board policy.Investment of Board funds may be made in the sole discretion of the Secretary or Treasurer in the Absence of the Secretary when operating within applicable statutes with subsequent ratification by the Board.The Board requires that the Secretary report to the Board monthly the amount of funds in investments, the interest earned to date, the types and amounts of each investment and the interest rate and the transactions occurring since the last report.Funds of the Board may be withdrawn from approved public depositories, or negotiable instruments owned by the Board may be sold before maturity by the Secretary acting within the law only with prior approval of the Treasurer with subsequent ratification by the Board.All securities shall be purchased in the name of the school district and shall be kept in safekeeping at the bank.