Investment of Funds
The Board authorizes the Executive Director to invest all or part of any reserve fund, or any fund accumulated for the payment of interest. The Executive Director or designee shall develop criteria and procedures for appropriate investments which shall be reviewed by the Board. A progress report of investments shall be made to the Board on a regular basis.
Policy Considerations
The investment policy shall be reviewed annually by the Executive Director or designee and recommended changes will be presented to the Board for consideration.
Policy History:
Adopted on: December 13, 2021
Revised on:
Reviewed on: