6120 Policy – Investment of Funds

The superintendent or designee is authorized to direct and authorize the county or state treasurer to invest district moneys which are not needed for current obligations in any district fund. Such investments will be made with the objective of producing the greatest return, consistent with prudent practice.

Adopted: 04/24/08
Revised: 01/10/13
Approved: Superintendent Approved
Legal References: Content

RCW 28A.320.300             Investment of funds, including funds received by ESD — Authority — Procedure

28A.320.320                       Investment of funds of district — Service fee

36.29.020                           Custodian of moneys — Investment of funds not required or immediate expenditures— service fee

Chapter 43.250 RCW         Investment of local government funds

Chapter 210-01 WAC        Local Government Investment Pool