INVESTMENT INCOME

INVESTMENT INCOME

po6144 Adopted July 8, 2008Revised November 11, 2025

6144 - INVESTMENT INCOME

The Board authorizes the Superintendent or Director of Business Services to make investments of available monies from the funds of the District on a competitive basis in:

  1. 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;

  2. 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;

  3. bonds or securities of any county, city, drainage district, technical college district, village, town, or school district in the State;

  4. other securities authorized by 66.0603, Wis. Stats.;

  5. the local government pooled-investment fund;

  6. 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.

Investments in U.S. Treasury securities and those other securities completely guaranteed by the Treasury as to payment of principal and interest may be purchased in any dollar amount or up to 100% of the available reserves.

The Director of Business Services is authorized to contract with a depository for the operation of a cash management system under the following conditions:

  1.  the contract is in writing
  2. the contract provides for the investment of funds by the depository with the written approval 
  3.  the depository keeps all records concerning investment cash management
  4. the investments are made in accordance with State law with maturities not to exceed three (3) years
  5. the contract, which cannot exceed three (3) years, is awarded using the District's bidding procedure

The School Board may request, no more often than four (4) times per year, that each public depository report the amount of monies deposited by the Director of Business Services and the total value of the pool of securities pledged to secure the monies of this District held by the depository.

The Director of Business Services shall include in the monthly report to the Board all cash in all accounts on deposit as well as the investment assets of the Board.

The Board also requires the Director of Business Services to report to the Board monthly:

  1. the types and amounts of each investment and the interest earned on each;
  2. the transactions occurring since the last report.

Withdrawal of funds will be in accord with the law. The Director of Business Services, acting in accord with the law, may sell negotiable instruments prior to maturity.

Interest derived from an investment shall be deposited, except as otherwise provided by law, in the District's General Fund.

Revised 10/8/24
T.C. 11/11/25

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