| School District of Winter |
| Bylaws & Policies |
6144 - INVESTMENT INCOME
The Board of Education authorizes the District Administrator or bookkeeper to make investments of available monies from the funds of the District on a competitive basis in:
| A. | 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; | |
| B. | 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; | |
| C. | bonds or securities of any county, city, drainage district, technical college district, village, town, or school district in the State; | |
| D. | other securities authorized by 66.0603; | |
| E. | the local government pooled-investment fund. |
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.
The bookkeeper 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.
Withdrawal of funds will be in accord with the law. The District Administrator, acting in accord with the law, may sell negotiable instruments prior to maturity.
Interest derived from an investment shall be deposited, except as otherwise provided by law, in the District's General Fund.
25.50, 66.04, 67.10, Wis. Stats.
Revised 9/17/07