CREIGHTON ELEMENTARY SCHOOL DISTRICT NO. 14

Revenues from Investments

Purpose:

To outline procedures for the authorization and management of District investments in accordance with Arizona law.

Annual Investment Authorization:

1. Board Consideration and Vote:

   • Each fiscal year, the Governing Board will consider and vote on a request to the County Treasurer to authorize investments of District funds.
   • The Superintendent is responsible for ensuring that this item is included on the agenda for a Board meeting in June of each year.

2. Investment of Funds:

   • Upon approval, the District's funds may be invested as permitted by law, prioritizing safety, liquidity, and yield to maximize returns while ensuring the security of District resources.

3. Management of Investment Income:

   • Income generated from these investments will be used in accordance with state law to support educational programs and District operations.
   • All investment activities shall comply with the relevant guidelines set forth by the Uniform System of Financial Records (USFR).

4. Reporting:

   • The Superintendent or designated business manager shall regularly report the status and performance of investments to the Board, ensuring transparency and compliance with state regulations.

Adopted: September 14, 2017

Legal References:

• A.R.S. 15-996 – Authorization for investment of school district funds.
• A.R.S. 15-1024 – County Treasurer as the custodian of school district funds.
• A.R.S. 15-1025 – Management of revenues from investments.