The Treasurer is required to credit the earnings made on an investment to the fund from which the moneys arose in the following instances. Unless stated in the specific applications all other earnings on investments are to be credited to the general operating fund.
| | | 1. | Earnings derived from moneys in permanent improvement projects are to be credited to each respective fund.
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| | | 2. | Earnings derived from moneys in the construction fund are to be credited to the construction fund.
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| | | 3. | Earnings derived from investments in the athletic fund are to be credited to said fund. To qualify as an investment in the athletic fund, it must be a timed deposit in excess of thirty (30) days. Additionally, earnings derived from moneys in other athletic funds as approved by the Board.
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| | | 4. | Earnings derived from all other governmental fund moneys are to be credited to the general operating fund.
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