3130 - Investment Policy
PURPOSE AND PHILOSOPHYWeber School District believes in securing the maximum public benefit from the the deposit and investment of district funds.
POLICYWeber School District shall follow the State Money Management Act cited in Utah Code 51-7.
PROCEDURES
Weber School District shall invest its funds in a fiscally prudent manner. The following priorities shall be followed: safety of principal, cash flow, liquidity, and then yield. The district shall allocate interest earnings or losses as they are realized, not less than annually.
Maturity of investments in operating...