[Busmanagers] Investment Policy

[Tewkesbury, Beverley D]

Herewith a copy of our Investment Policy 

 	
INVESTMENT POLICY


RATIONALE:

It is the responsibility of the College Council, as trustee of College
funds, to ensure that money is adequately protected by placing it in
secure deposits and investments.

PURPOSE:

1.	To ensure that the College funds are invested securely in either
Commonwealth or State Government guaranteed securities or in financial
institutions which carry authorised trustee investment status.
	
2.	To ensure that funds are invested in safe securities that
attract the best interest rate available.
	
3.	To ensure that adequate operational flexibility is maintained to
provide appropriate cash flow.

GUIDELINES:

1.	College Council delegates the College Principal to make
decisions between Council meetings in conjunction with the Business
Manager and convenor of the Finance Committee.

2.	When monies are to be invested or reinvested, the Principal and
the Business Manager should, in consultation with the convener of the
Finance Committee, review the cash requirements of the College and
decide on the term and placement of the investment.
	
3.	All investments, including reinvestments, must be presented to
Council for ratification and recorded in the College Council minutes.
	
4.	The College Council should regularly monitor the status of all
College Council deposits and investments.
	
5.	All investments are to be recorded in an investment register
which should show the following details:
*	Date of lodgement
*	Name of financial institution
*	Terms of investment: period, percentage rate and maturity dates
*	Amount invested
*	Account number

6.Certificates or other evidence of investments must be kept in a secure
place.


2002

Hope this is of some help although it looks a bit old!!!


Bev Tewkesbury
Acting Business Manager
Doncaster Secondary College
9856 1026




-----Original Message-----
From: busmanagers-bounces at edulists.com.au
[mailto:busmanagers-bounces at edulists.com.au] On Behalf Of Helen Whiffin
Sent: Monday, 31 October 2005 3:20 PM
To: Business Managers' Mailing List
Subject: [Busmanagers] Investment Policy

We are currently reviewing our Investment Policy and I would be grateful
to receive copies of what other schools have.
Helen Whiffin
Business Manager
Manchester Primary School




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This email and any attachments may be confidential. If received in error, please contact us and delete all copies. Before opening or using attachments check them for viruses and defects. Regardless of any loss, damage or consequence, whether caused by the negligence of the sender or not, resulting directly or indirectly from the use of any attached files our liability is limited to resupplying any affected attachments. Any representations or opinions expressed are those of the individual sender, and not necessarily those of the Department of Education & Training.