1606 Brady St.
Davenport, IA
563-336-5000

Administrative Regulation 302.17A

BUS. & NON-INSTR. OPER.

Investments

It is the responsibility of the Treasurer of the School District to invest funds in excess of current needs in accordance with the statutes of the State of Iowa.

Investments will be made for such periods of time that are consistent with the future requirements of the district for cash and in the designated depositories of the district.  The depository for each individual investment shall be determined by the maximum rate of return quoted by the depositories at the time such funds are available for investment.

Income from investments will be deposited in the Fund from which the invested money came, except that income from the Management Fund and the Self Insurance Fund will be deposited in the General Fund.

Proceeds from bond sales, not needed for immediate expenditure, may be invested and the interest received may be expended for the same purpose as approved for the bonds.

The Treasurer or designee, will maintain the appropriate records to be able to determine the maximum allowable investment in commercial paper.

  • Adopted 6/82
  • Updated 4/91, 8/93, 9/96, 12/03
  • Reviewed 6/96, 7/99