Policy 3547 Investments

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POLICY 3547

INVESTMENTS

From time to time the School District has funds on hand which are surplus to its immediate requirements.  These funds are to be utilized in a manner designed to achieve a maximum rate of return consistent with a minimum level of risk.

The Secretary-Treasurer shall deposit these funds in a major Canadian chartered bank or credit union or invest them provided that:

a) The security is a permitted investment under the Trustee Act.

AND

b) The risk associated with the security is judged by the Secretary-Treasurer to be not significantly greater than that of a deposit in a major Canadian       chartered bank.

Greater Victoria School District

Adopted:       October 22, 1984

Reviewed:     October 21, 2013

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