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April 27, 2021 School Board Policy Work Session and Workshop
Title
Board Policy 6144 Investments
Meeting Date(s)
Resolution / Presentation - 04/27/2021
Information - 05/11/2021
Public Hearing - 05/25/2021
Consent Type
Without Information
Discussion

The purpose of the proposed revision to the policy is to ensure compliance to applicable laws, Florida administrative code, the District code of ethics, and industry best practices with regard to investments. This revision also promotes transparency and clarity.

The proposed revision includes updates to formatting and technical language, additions to the prudent assessment of investments, additions to comply with state statute, updates to allocation percentages and permitted investments, addition of a glossary of terms, and an addition of a fund questionnaire.

Updates were established in partnership with the District’s investment advisor’s recommendations:  PFM Asset Management, LLC.

Recommendation

Board Policy 6144 Investments proposed revision will appear before the School Board on the dates indicated below:

Work Session - 04/27/21

Rule Development Workshop - 05/11/21

School Board Meeting (Information) - 05/11/21

School Board Meeting (Approval) - 05/25/21

Authority for Action
§§ 1001.41, 1001.42, 1001.43, 1010.01, 1011.09, 1011.18, 163.01, 215.85, 218.415 and F.A.C. 6A-1.0012
Involves Expenditure of Funds Directly in the Classroom
No
Source of Funding
Financial Impact
FY Amount Budgeted Fund Cost Center Project Function Object Program
                 
Legal Counsel Review
Yes - Review Date: 03/04/2021
Contact
Katrina Kostner, Accounting Manager, ext. 11654; Susan Denyer, Director of Accounting Services, ext. 11660; Cynthia Lesinski, Chief Financial Officer, ext. 11600
Attachments
6144 Investment Policy Exec Summary, Current, Neola, Redline, Clean 04.27.21.pdf
Agenda Plus