Submitted By: | Brad Howell |
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Status | Old Business |
Short Title of the Issue: | Investment portfolio statement |
Summary Discussion of the Issue: | We need to develop and approve an investment portfolio statement. We should have done one when we established the restricted reserve. This will give us guidance on what and how we manage our funds to include operating fund, RR and cash flow. Need to have Board approve the risk threshold and the amount of money to allocate into the new restricted reserve investment account. |