Original Date: 3/2/1976 * Last Revision Effective: 12/12/23
Policy Contact: President
Policy
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 301
Revision History
Original 3/2/1976
Revisions 3/22/2005; 5/21/2009; 10/19/2015; 12/12/23
Approved By
Board of Trustees
Last Updated December 15, 2023