Investment of Funds
The superintendent or designee will direct and authorize the county treasurer to invest district moneys which are not needed for current obligations in any district fund. Such investments will be made with the objective of producing the greatest return, consistent with prudent practice.
The superintendent or designee shall make a full report of these investments, including results and proceeds, to the Board of Directors at the next regular meeting after each such investment.
|Legal References:||RCW 28A.320.300||Investment of funds, including funds received by ESD — Authority — Procedure|
|28A.320.320||Investment of funds of district — Service fee|
|36.29.020||Custodian of moneys — Investment of funds not required or immediate expenditures— service fee|
|Chapter 43.250 RCW||Investment of local government funds|
|Chapter 210-01 WAC||Local Government Investment Pool|
Adoption Date: 01.10.00
Former Board Policy: 7001
Clover Park School District
Revised: 03.10.75; 05.13.85; 01.14.02; 10.08.12