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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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III. REVIEW: Overall Investment Policy of the School City of Hobart |
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NCA/AdvancED District Strategic Plan:
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Enclosure:
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File Attachment:
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Summary:
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Mr. Zembala will present the investment policy. The law also requires the Board of Finance to "review the overall investment policy of the political subdivision." According to the Indiana Board of Depositories, local investing officers should have a written investment policy adopted for the Board to review. Attached is our policy which is consistent with Indiana law. The term "policy" actually refers to administrative procedures. In the absence of specific Board policy in this area, the Board policy instructs administrators to follow state and federal law. |
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Funding:
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Recommendation
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That the Board of Finance acknowledges that the investment policy has been reviewed and accepted. |
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Approvals:
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Recommended By: |
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Signed By: |
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Ted Zembala - Business Manager |
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Signed By: |
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Dr. Peggy Buffington - Superintendent |
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Vote Results:
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| Original Motion | | Member Stuart B. Schultz Moved, Member Frank Porras seconded to approve the Original motion 'That the Board of Finance acknowledges that the investment policy has been reviewed and accepted.'. Upon a Roll-Call Vote being taken, the vote was: Aye: 7 Nay: 0. | | The motion Carried 7 - 0 | | | | | Terry D. Butler | Yes | | Karen J. Robbins | Yes | | Donald H. Rogers | Yes | | Stuart B. Schultz | Yes | | Rikki A. Guthrie | Yes | | Sandra J. Hillan | Yes | | Frank Porras | Yes | |
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