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Meeting Date:
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Category:
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Type:
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Subject:
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4.16 Investment of Inactive and Interim Funds and Commercial Paper |
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Strategic Plans:
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Enclosure:
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File Attachment:
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Summary:
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The Board of Education authorizes the Treasurer to invest inactive and interim funds at the most productive interest rate and according to Board policy, whenever inactive and interim funds are available.
The Board of Education authorizes the Treasurer to invest up to a maximum of forty percent (40%) of the District's interim funds in either of the following:
Commercial paper notes issued by a for-profit corporation, business trust or association, real estate investment trust, common-law trust, unincorporated business, or general or limited partnership which has assets exceeding $500,000,000. |
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Funding:
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Recommendation
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The President recommends the Board of Education authorize the Treasurer to invest inactive and interim funds and Commercial Paper as listed. |
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Approvals:
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Recommended By: |
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Signed By: |
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Marta Cacini - Executive Administrative Assistant |
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Signed By: |
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Amy M. Wells - Treasurer |
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Signed By: |
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Mr. Darrell Yater - Superintendent |
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Vote Results:
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| Original Motion | | Member Mark Gilbert Moved, Member Nicole Taulbee seconded to approve the Original motion 'The President recommends the Board of Education authorize the Treasurer to invest inactive and interim funds and Commercial Paper as listed.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 5 Nay: 0. | | The motion Carried 5 - 0 | | | | | Jim Detzel | Yes | | Chris Heather | Yes | | Mark Gilbert | Yes | | Nicole Taulbee | Yes | | Nancy Slattery | Yes | |
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