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.

Approved By: Greg Baker, Superintendent and Camille Diaz Hackler, School Board President
Adopted/Previous Revisions: 04/24/08; 01/10/13; 01/26/18
Updated: 04/17/19
Superintendent or Board Approved: Board 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 210-10 WAC                   Local Government Investment Pool