FIN 1.0 - Cash and Investment Management : SUMMARY/SCOPE The college has a cash and investment policy in accordance with accreditation standards.
DESCRIPTION Edmonds College shall invest funds in a manner which provides maximum security with the highest investment return, while meeting the daily cash flow demands of the college and conforming to all state laws governing the investment of public funds. The Vice President for Finance, Grants, and Institutional Effectiveness (or designee) shall invest college funds and is responsible for the college’s investment program. The Vice President for Finance, Grants, and Institutional Effectiveness (or designee) will take necessary actions to ensure the prudent investment of college funds. The Vice President for Finance, Grants, and Institutional Effectiveness (or designee) shall provide periodic reporting to the President. The report shall provide an accurate and meaningful representation of the investment portfolio and provide analysis as proof of compliance with this policy.
RELATED POLICIES AND PROCEDURES FIN 1.01pr Cash and Investment Management Procedures (to be added)
SOURCE INFORMATION NWCCU Accreditation website, see Standard Two for requirements regarding this policy.
(was) C 6.2.102 Cash and Investment Management
CONTENT OWNER. The primary responsibility for this policy belongs to: Vice President for Finance, Grants, and Institutional Effectiveness
PRIMARY CONTENT CONTRIBUTOR (Director/Dean) Director of Finance
REVIEW PERIOD Three years.
REVIEW HISTORY 2021-Oct 19 Amended to update content owner and leadership role
2015-Mar 23 Approved by President’s Cabinet
2015-Mar 15 Reviewed by Vice President for Finance and Operations
2014-Oct 09
2008-Sep 08 Approved
1986-May
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