Approved by the Red Feather Mountain Board of Trustees, July 25, 2023.<\/em><\/p>\n The intent of the RFMLD Investment Policy is to: Document history:<\/em> Red Feather Mountain Library District Investment Policy Approved by the Red Feather Mountain Board of Trustees, July 25, 2023. The intent of the RFMLD Investment Policy is to: \u2022 Protect against the loss of any funds. \u2022 Ensure that sufficient funds are available to maintain library operations. \u2022 Optimize returns with the appropriate safety and … Read more<\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"class_list":["post-8969","page","type-page","status-publish"],"_links":{"self":[{"href":"https:\/\/sandbox.aclin.org\/test\/wp-json\/wp\/v2\/pages\/8969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sandbox.aclin.org\/test\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/sandbox.aclin.org\/test\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/sandbox.aclin.org\/test\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/sandbox.aclin.org\/test\/wp-json\/wp\/v2\/comments?post=8969"}],"version-history":[{"count":0,"href":"https:\/\/sandbox.aclin.org\/test\/wp-json\/wp\/v2\/pages\/8969\/revisions"}],"wp:attachment":[{"href":"https:\/\/sandbox.aclin.org\/test\/wp-json\/wp\/v2\/media?parent=8969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n\u2022 Protect against the loss of any funds.
\n\u2022 Ensure that sufficient funds are available to maintain library operations.
\n\u2022 Optimize returns with the appropriate safety and liquidity parameters.
\n\u2022 Conform to all state and local statutes governing the investment of public
\nfunds.
\nTo RFLD\u2019s best advantage, cash balances in any funds eligible for investments will
\nbe invested temporarily in securities and\/or deposits as defined in Colorado
\nRevised Statutes \u00a7 24-75-601.
\nOperating funds will be kept in FDIC insured instruments to fund RFMLD\u2019s daily
\noperations. No less than 180 days of estimated operating expenditures should be
\nliquid and accessible to fund operations.
\nAll deposit type securities and money market instruments will be collateralized as
\nrequired by law for any amount exceeding FDIC coverage.
\nAll securities will be collateralized as required by the Public Deposit Protection
\nAct (PDPA) for any amount exceeding FDIC or Federal Savings and Loan
\nInsurance Corporation (FSLIC) coverage. Money market instruments such as
\nmoney market mutual funds registered by the U.S. Securities and Exchange
\nCommission and qualified under C.R.S.\u00a7 24-75-601 and state pools qualified under
\nC.R.S. \u00a7 24-75-701 will be collateralized as required by law.
\nRed Feather Mountain Library District Investment Policy July 25, 2023 Page 2
\nShort-term investment maturities for all funds will be scheduled to coincide with
\nprojected cash flow needs considering large routine expenditures and sizable
\nblocks of revenue.
\nAll investments will be approved by the RFMLD Board of Trustees. The Library
\nDirector, Finance Librarian, Finance Committee and Board of Trustees will work
\ncollaboratively to manage investment activities. They will be guided by the
\n\u201cPrudent Investor Rule\u201d which states that investments will be made with
\njudgement and care under circumstances then prevailing, not for speculation but
\nfor investment, considering the probable safety of the capital as well as the
\nprobable income to be derived. The guiding principles for RFMLD investments
\nare safety, liquidity, and yield, in that order.
\nThe Board of Trustees will not be held personally responsible for specific
\ntransactions when exercising due diligence and when acting within the guidelines
\nof RFMLD policy and state law. They are responsible for maintaining a balanced
\ninvestment portfolio that ensures sufficient investment liquidity for continuing
\noperations.<\/p>\n
\nApproved by the Red Feather Mountain Board of Trustees, July 25, 2023.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"