Investment Policy

Purpose -

To ensure that cash flow projections are monitored, allowing the school to maximise surplus funds into interest bearing deposits.  All school funds are to be invested in secure financial institutions having a low risk.  Investment terms are to be appropriate to meet the cash flow requirements of the school expenses and budget.

Guidelines -

·     An Investment Register is to be maintained by the School Bursar and presented at each Finance Meeting.  The following details should be entered into the register:

                        a)         Date of Lodgement

                        b)         With whom investment is held

                        c)         Amount invested

                        d)         Maturity Date and Interest Rate

·     All investment activity to be approved and minuted by the Finance Committee in regards to:

                        a)         the level of funds to be invested

                        b)         the term of the investment/s

c)                  the type of the investment/s

d)                  the interest rate.

·     School funds are to be deposited and / or invested as follows:

                        a)         by depositing funds in any credit union, bank or building society

b)                  in Cash Management, 11am Call, Fixed Term Deposits or other form of deposit as approved by School Council