Board Policy 4016.1 sets financial investment standards and authorized asset allocations to manage school funds responsibly, prioritizing safety of principal, portfolio liquidity, and maximum yield in descending order. Delegated to the Assistant Superintendent of Business, the policy authorizes investments in county treasury pools, FDIC-insured accounts, and statutory securities allowed under Education Code 41015 and Government Code Sections 16430 and 53601 (e.g., US Treasuries, agency obligations, commercial paper, and money market funds). It establishes “prudent expert” fiduciary standards for financial advisors, requires annual policy reviews, and mandates signed compliance statements from external financial professionals.
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