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Ontario-Montclair SD |  AR  3430  Business and Noninstructional Operations

Investing   

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Investment Reports

Within 30 days of the end of each quarter, the Superintendent or designee shall provide the Board with quarterly reports of district investments that are more than $25,000 which include the following: (Government Code 53646)

1. The extent to which the portfolio complies and/or does not comply with the district's investment policy

(cf. 3430 - Investing)

2. A statement denoting the district's ability to meet its pool's expenditure requirements for the next six months, or an explanation of why sufficient money shall or may not be available

3. The most recent statement(s) received from the state's local agency investment fund or from FDIC-insured accounts in a bank or savings and loan association, in a county investment pool or in any combination of these.

4. Shall include the type of investment, issuer, date of maturity, par and dollar amount invested on all securities, investments, and monies held by the district other than those specified in item #3 above

5. Shall describe any district funds, investments, or programs that are under the management of contracted parties, including lending programs

6. Shall include the current market value, and the source of this valuation, for all securities held by the district and under management of any outside party that is not another local agency or the state's local agency investment fund

In the above report, a subsidiary ledger of investments may be used in accordance with accepted accounting practices. (Government Code 53646)

Regulation ONTARIO-MONTCLAIR SCHOOL DISTRICT

Approved: February 16, 2006 Ontario, California