DFE Investment of Funds DFE
The investment of school district monies shall be the responsibility of the superintendent, assistant to the superintendent for business affairs and/or the district treasurer. Any monies not immediately required for the purposes for which the monies were collected or received, shall be invested as provided by current statue.
All investments of district monies or any monies of its schools shall be secured by a pledge of direct federal obligations or direct guaranteed federal agency deposits in accordance with requirements of state law.
Approved: September 17, 1990
Revised & Approved: September 19, 1994