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Board Policy
Descriptor Code: DN
Surplus Funds  
Print Policy
 

Investment Accounting

Idle monies shall be available for temporary investment within legal requirements.  Normally these monies would be in the sinking fund, building fund, and/or general fund.  Federal monies are never to be invested.

Some of the possible investments may be time deposits in commercial banks, savings deposits including savings certificates, U.S. Treasury Bills, and U. S. Treasury Notes.  Effective July 1, 1969, it became lawful to invest general fund monies in securities of the states, United States, municipalities of the state, or certificates of deposit.

 

Carroll County Schools
Date Adopted:  7/11/2002

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. 20-02-0167 Funding for direct instructional, media center and staff development costs; submission of budget
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