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Board Policy
Descriptor Code: DFL
Investment Earnings  
Print Policy
 

INVESTMENT POLICY

The financial assets of the Board of Education shall be invested unless legally prohibited; provided, however, that cash needs shall not be impaired.  To insure the Board's fiduciary responsibility and stewardship of its resources, the safety of principal is  the foremost investment objective.  The investment portfolio shall be designed to attain a market average rate of return throughout budgetary and economic cycles, with consideration of investment risk and cash flow requirements.

The Superintendent or designee may invest excess funds in any of the following instruments:

           

  • Obligations issued by the State of Georgia or by the other states     
  • Obligations issued by the United States Government
  • Obligations fully insured or guaranteed by the United States government or a United States government agency.
  • Obligations of any corporation of the United States
  • Prime banker's acceptances
  • The Local Government Investment Pool administered by the Department of Administrative Services, Georgia Fund One, Fiscal Division
  • Repurchase agreements
  • Obligations or other political subdivisions of the State of Georgia
  • Certificates of Deposits

Investments for all operating funds shall be made in maturities of twelve months or less. A temporary extension is approved by the Board.

Investments shall be made with judgment and care, under circumstances then prevailing, which persons of prudence, discretion and intelligence exercise in management of their own affairs, considering to probable safety of their capital as well as the probable revenue to be derived (prudent person rule).  Investment decisions will be based on the prudent person rule.

 

Troup County Schools
Date Adopted:  7/1/2001
Last Revised:  6/29/2010

Policy Reference Disclaimer: These references are not intended to be part of the policy itself, nor do they indicate the basis or authority for the board to enact this policy. Instead, they are provided as additional resources for those interested in the subject matter of the policy.

Note: The State of Georgia has moved the Georgia Code. This new environment no longer allows us to link directly to the Georgia Code. For example enter 20-02-0211 in the search window and the Georgia Code will appear.
State Code Description
O.C.G.A. 20-02-0411 School fund kept separate; use of funds; separation of school taxes; investments
O.C.G.A. 36-80-0003 Authorized investments of funds by governing bodies