The following minimum objectives must be observed when investing SRC assets:
- Achieve maximum yields on invested funds while assuring maximum (prudent)
protection of principal utilizing eligible investments. - Achieve, on average, a yield which exceeds the interest of conventional bank savings
accounts. Deposits shall be in FDIC insured accounts or secured by U.S. Treasury
obligations held by the depository institution. - Maintain appropriate liquidity by choosing maturity dates consistent with operating,
capital, or endowment requirements:- Operating cash may be invested with maturities ranging from one day to one
year. - Capital funds earmarked for a building program shall be invested with
maturity dates coinciding with estimated construction progress payment
dates and with planned debt retirement dates. - Total return from the endowment fund may be reinvested or used to fund
program expansions, operating expenses and/or capital projects.
- Operating cash may be invested with maturities ranging from one day to one