The Board considers an investment program to be a critical ingredient of sound fiscal management. Therefore, the Board would like district funds in excess of those immediately needed to be properly invested. The Business Manager shall be authorized to invest such funds in accordance with established procedures.
District funds shall be invested at the highest rate and under the best conditions as possible.
The River Valley School District shall participate in the Local Government Pooled Investment Fund in accordance with state law. The Bureau for State School Aids Administration and Consultation may be directed to deposit the school district's equalization aid directly into the Local Government Pooled Investment Fund.
LEGAL REF.: Sections 34.05 Wisconsin Statutes
34.08
66.04(2)
CROSS REF.: Policy #661 - Depository of Funds
APPROVED IN PART: May 8, 1986
REVISED: May 11, 1989
APPROVED: July 13, 1989
12/21/2004 pw