Board Report October 2025

Investment Policy

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The Investment Manager will regularly communicate with the Treasurer, Administrator and/or the Board.

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The purchase of Certificates of Deposit in excess of FDIC limits must be secured by some form of collateral. Pledged collateral shall be held by an independent third party custodian.

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The Investment Manager will diversify investments to the best of our ability, taking into consideration cash flow needs and return potential.

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The maximum maturity of any security will not be more than 30 months of the quarter end. It may though, invest in securities with a maturity of longer than 30 months, if at the time, the Investment Manager feels that there is a likelihood of the security being called within 30 months. The Manager may also match investments to longer term needs, e.g. a building project, tort claims, etc.

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