D.02 Investments - August 2011 Revision

This policy was revised in June 2012. We provide this revision for historic purposes only.

The Board of Education authorizes the superintendent, or his/her designee, to engage in an investment program that is a component of sound fiscal management for the purpose of securing a maximum yield of investment earning to supplement other revenues for the support of the district.  The superintendent, or his/her designee, shall report to the Board of Education at least quarterly regarding the success of the investment program, yields of the investment program and the strategic plan for future investments.  The Board of Education may take action to approve, amend or deny the strategy for the next quarter.

Administrative Position: Chief Financial Officer

Department Director: Executive Director of Accounting

References

Legal Cross Ref.:

• §6-10-1 et. seq. NMSA 1978
• §22-8-37 through §22-8-42 NMSA 1978

Board Policy Cross Ref.:

• D.06 Fiscal Integrity
• GB3 – Employee Conflict of Interest

Procedural Directive Cross Ref.:

• Conflict of Interest
• Investments

NSBA/NEPN Classification: DA

Approved: April 23, 1990
Revised: February 20, 1996
Revised: April 2001
Revised: October 2006
Reviewed: July 19, 2011
Reviewed: August 9, 2011
Revised: August 10, 2011