SALES SURTAX INTEREST

SALES SURTAX INTEREST

ap6180.01Adopted July 10, 2023

6180.01 - SALES SURTAX INTEREST

Sales surtax is part of the Board’s portfolio and shall be invested in accordance with Board Policy 6144.

Net interest earned on the 2014 sales surtax fund and the 2020 sales surtax fund shall be separately recorded each fiscal year, reported to the Independent Citizens Oversight Committee (ICOC) and summarized in the ICOC Annual Report to the Board.

Net interest earned shall be allocated and used in accordance with Board Policy 6180.01.

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