DFAA Policy - Use of Surplus Funds

Whenever there is a cash balance in any fund which, though allocated to a specific use, is temporarily not needed, it is the policy of the Board that this balance shall be invested temporarily to the best advantage of the district in any securities permitted by law.

The interest from the investment will be credited to the fund from which it was invested.

The Board will be kept informed of any investments and yields.

(Adoption date 11/19/80)