7100 INVESTMENT OF DISTRICT FUNDS
Original Date: 3/2/1976 * Last Revision Effective: 5/21/2009
Policy Contact: President
The vice president of administrative services has been delegated the responsibility to invest funds not immediately necessary for the operation of the college. Under the vice president’s oversight, the executive director of finance and auxiliary services manages college investments to improve the college’s financial position within the limits imposed by the Public Deposit Protection Act, which delineates the types of investments appropriate for public agencies.
The income from the investment resides within the fund where the cash was available unless otherwise approved by specific board of trustees’ action.
RELEVANT LAWS AND OTHER RESOURCES
- Board of Trustees resolution 81
Revisions 3/22/2005; 5/21/2009
Board of TrusteesPresident's Staff