School District of Clay County Green Cove Springs, Florida

Teacher Inservice Center - Fleming Island High School 2233 Village Square Parkway Hearings for Special Student Actions - 4:00 p.m. Regular Meeting - 7:00 p.m.

March 24, 2015 - Regular Meeting Agenda Item #31 Item Title C-30 Approve for advertising School Board Policy 6GX-10-5.02 F, Business Affairs, Investment Policy Issue/Rationale The District's auditors, Purvis, Gray, and Company, LLC noted in finding 2013-6 of the audit report that an investment policy is required by Florida Statutes. District investment policies and practices are governed by Florida Statutes, Section 218.415, which states that investment activity by a unit of local government must be consistent with a written investment plan adopted by the governing body. Any such unit of local government shall have an investment policy for any public funds in excess of the amounts needed to meet current expenses. Such policies shall be structured to place the highest priority on the safety of principal and liquidity of funds. Recommended Action Approval to advertise School Board Policy 6GX-10-5.02 F, Business Affairs, Investment Policy. Financial Impact None. Submitted By Susan Legutko, Assistant Superintendent for Business Affairs Data Source: Sonya Findley, Director of Finance Attachment:  Policy 5.02F Investments.pdf