INVESTMENT INCOME

INVESTMENT INCOME

po6144Adopted September 1, 2015Revised January 12, 2026

6144 - INVESTMENT INCOME

The Board authorizes the District Administrator or Finance Manager 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.

All investments must mature or be redeemable within one (1) year of the date of purchase and not to exceed three (3) years.

The District Administrator 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 depository keeps all records concerning investment cash management

  3. the investments are made in accordance with State law with maturities not to exceed three (3) years

The Business Office Staff 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 Business Office Staff 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.

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

T.C. 8/18/25
T.C. 1/12/26

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