6144 - INVESTMENT INCOME
The Board authorizes the District Administrator to make investments of available monies from the funds of the District on a competitive basis in:
time deposits in any credit union, bank, savings bank, trust company, or savings and loan association which is authorized to transact business in the State, if the time deposits mature in not more than three (3) years;
bonds or securities issued or guaranteed as to principal and interest by the Federal government or by a commission, board, or other instrumentality of the Federal government;
bonds or securities of any county, city, drainage district, technical college district, village, town, or school district in the State;
other securities authorized by 66.0603, Wis. Stats.;
the local government pooled-investment fund;
in federally insured financial institutions through a re-deposit agent designated by the Board, pursuant to 34.05, Wis. Stats.
The purpose of the investments is to maximize the returns on the District's cash balances consistent with safety of those monies and with the desired liquidity of the investments.
Safety of principal shall be ensured by limiting investments to the safest types of securities and diversifying the investment portfolio.
Liquidity shall be accomplished through the proper development of cash-flow projections and the investment of funds so that securities mature concurrent with cash needs.
While yield is important, safety and liquidity will be considered before accepting a higher yield. Competitive bids or quotes on investment vehicles will be sought when appropriate.
Interest derived from an investment shall be deposited, except as otherwise provided by law, in the District's General Fund.
T.C. 12/15/25
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