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| May 25, 2021 School Board Meeting | ||||||||||||||||||
| Title Board Policy 6144 Investments | ||||||||||||||||||
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Meeting Date(s) Resolution / Presentation - 04/27/2021 Information - 05/11/2021 Public Hearing - 05/25/2021 |
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| Consent Type With Prior 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 Hold a public hearing and approve revisions to Board Policy 6144 Investments. | ||||||||||||||||||
| 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 | ||||||||||||||||||
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Source of Funding |
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Financial Impact
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Legal Counsel Review Yes - Review Date: 03/04/2021 |
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| Contact Cynthia Lesinski, Chief Financial Officer, ext. 11600 | ||||||||||||||||||
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Attachments 6144 Investment Policy Exec Summary, Current, Neola, Redline, Clean 04.27.21.pdf |
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