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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; 01/10/13
Signature Date: 01/26/18
Approved: Superintendent Approved
Legal References: Content

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

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

RCW 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