* Your assessment is very important for improving the workof artificial intelligence, which forms the content of this project
Download PORT MELBOURNE PRIMARY SCHOOL NO 3932
Present value wikipedia , lookup
Fundraising wikipedia , lookup
Conditional budgeting wikipedia , lookup
History of the Federal Reserve System wikipedia , lookup
Private equity secondary market wikipedia , lookup
Internal rate of return wikipedia , lookup
Investor-state dispute settlement wikipedia , lookup
Private equity wikipedia , lookup
Fractional-reserve banking wikipedia , lookup
Shadow banking system wikipedia , lookup
Individual Savings Account wikipedia , lookup
Balance of payments wikipedia , lookup
Corporate venture capital wikipedia , lookup
Land banking wikipedia , lookup
Interest rate wikipedia , lookup
International investment agreement wikipedia , lookup
Early history of private equity wikipedia , lookup
History of investment banking in the United States wikipedia , lookup
Interbank lending market wikipedia , lookup
Global saving glut wikipedia , lookup
Corporate finance wikipedia , lookup
PORT MELBOURNE PRIMARY SCHOOL NO 2932 INVESTMENTS POLICY 1. PURPOSE 1.1 To ensure that the school obtains the maximum returns at the least risk for all Cash Reserves and Investment Reserves. 2. BROAD GUIDELINES 2.1 Funds required to meet the immediate ongoing expenses of the School will be kept in an Operating Account. This will be an interest bearing cheque account with a bank regulated by the Australian Federal Government. 2.2 Funds raised for school projects (Investment Funds), or funds not immediately required to meet budgeted operating expenses (Cash Reserves), are to be invested in short term, interest bearing, cash accounts with a bank regulated by the Australian Federal Government. 2.3 Transfers will be made to the operating account on a regular basis to ensure that there is sufficient liquidity to meet forecast expenses 2.4 Cash Reserves are to be available “at call”. Investment Funds may be invested for periods up to 90 Days. 2.5 Investments must be made in accordance with Departmental guidelines. Funds may not be invested in Equities, Bonds, Managed Funds, or any form of financial derivatives (eg options, warrants etc). 3. IMPLEMENTATION 3.1 Finance sub-committee will monitor investments, deposits and forecast expenses on a monthly basis and make investment recommendations to Council as appropriate. 3.2 Council will authorise ALL investments, transfers and decisions. 3.3 Unless otherwise determined by school council, the school’s investments will remain in the Department’s High Yield Investment Account (HYIA). 4. 4.1 EVALUATION Full details of all investment returns will be tabled at Council at least once every three months This policy will be reviewed on an annual basis. . 4.2 Ratified by School Council: