School Board
- Welcome
- District Calendar
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- Board Agendas
- Board Synopsis
- Board Policies
- 000 - Local Board Policies
- 100 - Programs
- 200 - Pupils
- 300 - Employees
- 1000 - School Board Policies
- 1011 Oath of Office Of Board Members
- 1012 Board Meetings
- 1013 Community Participation in Board Meetings
- 1014 - Student Representation on the Board of Education
- 1015 Attendance of Board Members at Conferences
- 1016 School Board Accidental Death & Medical Insurance
- 1017 Retirement or Resignation of Board Members
- 1018 - School Solicitor
- 1019 - STEA Representation at Regular School Board Meetings
- 2000 - Administration
- 3000 - Business Management
- 3110 - Financial Transactions
- 3111 - Purchases & Purchases Subject to Bid
- 3112 - Surplus Equipment and Supplies
- 3114 - Student Activities, Funds and Accounts
- 3115 Monies in School Buildings
- 3116 - Procurement Cards
- 3210 - Business Office Annual Data
- 3211 - Residency Requirements for HACC Tuition Payment
- 3311 - Pupil Transportation - Inclement Weather
- 3311.1 - Pupil Transportation
- 3312 - Snow and Ice Emergencies For Buildings and Grounds
- 3410 - Determining Eligibility for Free or Reduced Lunches
- 3411 - Checks Returned to Food Services for Insufficient Funds
- 3510 - School District Procedure for Injuries Occurring on School Property
- 3511 - Reporting Theft or Loss of Equipment
- 3516 - Investment of District Funds
- 3517 - Tax Levy
- 3518 - Tax Collection of Personal School Taxes/Tax Collector Responsibilites
- 3519 - Local Taxpayer Bill of Rights
- 3610 - Assignment of Equipment to Staff Members
- 3828 - Fraud
- 4000 - Instruction
- General Policies Related to Instruction
- 4010 - Grouping for Instruction
- 4011 - Student Reimbursement for Cost of Class Projects
- 4012 - Class Size Limitation
- 4013 - Homework
- 4014 - Selection of Instructional Materials and Textbooks
- 4015.1 - Parental Rights to Relative Curriculum, Assessments and Excusal From Instruction...
- 4016 - Field Trips
- 4017 - Printing & Duplicating Copyrighted Material
- 4018 - Student travel-study Programs
- 4019 - Homebound Instruction
- 4020 - In-Home Instruction
- 4021 - Summer School & Tutoring for Credit
- 4022 - Pilot Programs
- 4023 - Poster & Essay Contests
- 4025 - Elementary Gifted & Middle School Advanced Grouping
- 4026 - Distinguished Scholars Program
- 4027 - Integration of Special Education Students
- 4028 - Collection Development Policy for School Libraries
- 4031 - Internet Access/Usage - AUP
- 4032 - Web Policy
- 4033 - Academic Honesty
- 4034 - Videos and Films
- Policies Related to Specific Subjects
- 4040 - Adaptive Physical Education
- 4041 - Private Music Instructors
- 4042 - Rental of Musical Instruments
- 4043 - Student Use of Mini Calculators
- 4044 - Student Writing (Composition) Program
- 4046 - Driver Education
- 4047 - Intramural Program
- 4049 - Title 1 Guidelines
- 4050 - English as a Second Language / English to Speakers of Other Languages
- General Policies Related to Instruction
- 5000 - Students
- 1 - Discipline
- 2 - General Student Policies
- 5016 - Dress and Grooming
- 5030 - Student Progress Reports
- 5031 - Student Orientation Programs
- 5032 - Student Use of School Facilities
- 5033 - Student Fund Raising
- 5033.1 - Additional Fundraising Guidelines
- 5035 - Academic Requirements for Involvement in Extra-Curricular Activities
- 5036 - Collection of Money from Students
- 5037 - Athletic Contests & Practices
- 5038 - Periodic Review of Students Placed in STSD STEPS Program (Alternative Education)
- 3 - Pupil Personnel Policies
- 4 - Pupil Enrollment & Attendance Policies
- 5130 - Attendance
- 5131 - Entrance Age to School
- 5133 - Admission of Students Whose Parents or Court Appointed Guardians are Non-Residents of the Sch
- 5133.1 - Tuition Student and Waiver of Tuition
- 5133.2 - Registration of #1305 (Foster) Children
- 5133.3 - Foreign Exchange Students and Waiver of Tuition
- 5 - Student Health Policies
- 5150 - Injury or Illness to Students or Staff
- 5151 - Medication for Students
- 5152 - Student Pregnancy
- 5153 - Child Abuse / Neglect
- 5153(b) - Reporting of Student Abuse by a School Emlployee
- 5154 - Confidential Student Health List
- 5155 - Crisis Management of a Personal, School-Related Tragedy
- 5156 - Prohibition of Steroid Use
- 5157 - Student Assistance Program
- 5158 - HIV Infection - Students
- 5159 - Peanut or Other Food Allergy
- 6 - Student Policies Specific to Grade Level
- 6000 - Personnel
- 1 - All Personnel
- 6010 - Application Procedures and Employment Requirements of All Personnel
- 6011 - Medical Examinations for School Employees
- 6012 - Employee Conflict of Interest
- 6013 - Work Schedule for 12 Month Employees as a Result of Inclement Weather
- 6014 - Complimentary Passes to School Events
- 6015 - Tax Sheltered Annuity
- 6016 - Health and Medical Insurance Coverage
- 6017 - Health Insurance Portability and Accountability Act
- 6018 - Mileage Chart
- 6019 - Requests for Leave Without Pay
- 6019.1 - Family and Medical Leave
- 6020 - Employment Conditions
- 6020.1 - Staff Dress Code Guidelines
- 6021 - Procedure for Employee Leave Requests and Employee Leave Utilization
- 6022 - Smoking Regulations Policy
- 6023 - Prohibition of Discriminatory Conduct
- 6024 - Drug-Free Workplace
- 6024.1 - Alcohol and Controlled Substances for Covered Drivers
- 6025 - Tuberculosis Testing Policy
- 6026 - Non-Discrimination on Basis of Handicap / Disability
- 6027 - Compliant Procedure for Discrimination on the Basis of Disability
- 6028 - Post-Season Compensation for Coaches
- 6029 - Use of Wireless Devices by Employees
- 2 - Professional Personnel
- 3 - Employment of Classified Personnel
- 1 - All Personnel
- 7000 - Community Relations
- 7110 - Public Information Program
- 7111 - Public Records
- 7112 - Public Complaints
- 7113 - Visitors in School Buildings
- 7114 - Community Use of School Facilities
- 7115 - Enforcement of No Trespassing
- 7116 - Use of School Premises for Political Campaigning
- 7117 - Control of Free Materials Distribution and Solicitations in Schools
- 7119 - Police Investigation
- 7120 - Concession Stand Committee
- 7121 - Booster Clubs
- 30 day posting
SUSQUEHANNA TOWNSHIP SCHOOL DISTRICT
Harrisburg, Pennsylvania 17109
POLICY
INVESTMENT OF DISTRICT FUNDS
Harrisburg, Pennsylvania 17109
POLICY
INVESTMENT OF DISTRICT FUNDS
It shall be the policy of the Board to optimize its return through investment of cash balances in such a way as to minimize non-invested balances and to maximize return on investments.
The primary objectives of investment activities, in priority order, shall be:
Legality – All investments shall be made in accordance with applicable laws of Pennsylvania.
Safety – Safety of principal shall be of highest priority. Preservation of capital in the portfolio of investments shall be ensured through the mitigation of credit risk and interest rate risk.
Liquidity – Investments shall remain sufficiently liquid to meet all operating requirements that are reasonable anticipated. A fiscal year operations anticipated cash flow shall be developed so that investments can be made as early as possible, with maturities concurrent with anticipated cash demands.
Yield – Investments shall be made with the objective of attaining a market-average rate of return throughout the budgetary and economic cycles, taking into account the investment risk constraints and liquidity needs.
All investments of the school district made by an officer and/or employee of the district shall be made in accordance with this policy and a Board-approved investment program.
The Board shall delegate to the Business Manager the responsibility to manage the district’s investment program.
An annual review of the investment program shall be prepared by the Business Manager, based upon the anticipated cash flow of all district funds, i.e. general, capital reserve, bond, etc.
Investments permitted by this policy are those defined in Section 440.1 of the School Code, as amended, which are collateralized in accordance with applicable laws. Shares of an investment company in compliance with Section 440.1 of the PA School Code are also permitted.
All securities shall be purchased in the name of the school district, and custody of the securities shall be specified within the district’s investment program.
All investment advisors or bidders shall verify in writing that they have received a copy of this policy. Such written statement shall indicate that they have read and understand this policy and all applicable statutes related to school district investments, along with their intent to comply full with these requirements.
The district shall require all investment advisors/bidders to submit annually any or all of the following, as appropriate:
• Audited financial statements
• Proof of National Association of Securities Dealer (NASD) certification
• Proof of state registration
• Provide the rating from a recognized rating agency
Disclosure
Designated officers and employees involved in the district’s investment process shall disclose any personal business activity that could conflict with the proper execution and management of the investment program or could impair their ability to make impartial decisions.
Bond Proceeds
Bond proceeds shall be invested in accordance with Local Government Unit Debt Act and applicable federal and state laws, subject to approval by the solicitor and/or bond counsel and the School Board.
Investment transactions arising from bond proceeds shall be reported monthly to the Board, in accordance with this policy.
Compliance with GAAP
The following is intended to guide district investments as limited by Section 440.1 of the School Code.
The district funds shall not be invested in foreign currency and shall have no related risk that would require disclosure pursuant to GASB Statement 40.
The district investments shall limit the exposure to loss of principal due to market changes in interest rates.
District investments in authorized instruments that are not backed by the “full faith and credit” of the federal or state governments shall be limited to those with the highest credit rating available for such instruments where the rating is issued by a recognized organization that routinely issues such ratings. If, after purchase, the rating of any instrument is reduced and no longer in compliance with this policy, the individual responsible for district investments shall advise the board at the earliest opportunity of such action and make recommendations for altering investments.
When district funds are invested in any one issuer other than designated depository accounts, the amount of the investment shall be unlimited, but the Board shall be notified of such investment at time of investment.
For purposes of interest rate disclosure in the annual financial report, the method of determining interest rate risk shall be based on weighted average maturity.
SC 440.1, 621, 622, 623
17 CFR 270
65 P.S. 110 et seq.
Adopted by the School Board – November 23, 1998
Amended by the School Board – August 27, 2007
