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Series: 200 Administrative Services
Section: 收入 and Investments
适用性: This Policy applies to Johnson County Community College (“赌钱app可以微信提现” or the “College”).
目的: The purpose of this Policy is to grant investment authority and establish parameters for College investments.
声明:
The 校董会 (the “Board”) authorizes the investment of temporary idle cash to be administered by the President or designee. The Board authorizes the President or designee to act as its agent in matters relating to the purchase of investments and acceptance of safekeeping receipts.
The College will ensure that all revenues received are promptly recorded and deposited. Those funds not immediately required to meet payment of obligations will be placed in an interest-bearing account according to the following objectives:
- 安全: Investments will be made in a manner which ensures preservation of principal. Financial institutions that receive College funds must pledge qualified securities with a market value equal to 105% of deposits in excess of FDIC coverage.
- 流动性: Investments will be made after careful consideration of future expected liabilities. The cash position of the College will be maintained at a level adequate to meet these requirements. Maturities on these investments will be selected in such a way as to provide income stability.
- 收益率: Investments will be made with the expectation of a reasonable rate of return while maintaining prudent investment principles.
- 受托人的信任: Investments will be managed with a degree of professionalism that is worthy of the public trust. Investment officials will avoid any transaction that might erode the public confidence. Investment activities will be performed under appropriate systems of internal controls and will be subject to internal and external audit procedures.
- The portion of funds at the Kansas Municipal Investment Pool should not regularly exceed 10% of total funds available for investment.
Investments will be made in only those instruments authorized by applicable Kansas statutes, including but not limited to:
- Time deposits and open accounts
- Certificates of deposit
- 回购协议
- Temporary notes or no-fund warrants
- U.S. Treasury notes or bills
- The Kansas Municipal Investment Pool
Revised: 07/07/1994, 02/19/2004, 01/27/2011, 12/15/2016, 12/15/2022
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