7280 - Investment of Funds Policy

Policy 7280

FINANCIAL MANAGEMENT

Investment of Funds
The superintendent is authorized to direct and authorize the county or state treasurer to invest district moneys which are not needed for current obligations in any district fund.  Such investments shall be made with the objective of producing the greatest return, consistent with prudent practice.

 

 

 

 

Legal References:       RCW   28A.320.300               Investment of funds, including funds
                                                                                                received by ESD – Authority –                                                                                                Procedure

                                    RCW   28A.320.320               Investment of funds of district not
                                                                                                needed for immediate
                                                                                                necessities – Service fee
                                    RCW   36.29.020                    Custodian of moneys – Investment of
                                                                                                funds not required for immediate
                                                                                                expenditures, service fee
                                    RCW   43.250                         Investment of local government funds
 

                                    WAC   210-01                         Local government investment pool

 

Adoption Date:           July 23, 1996