Seniors' Resource Center
Seniors’ Resource Center – Financial Management Policies: Cash and Equivalents
Cash and cash equivalents include all cash balances and highly liquid investments with a
maturity of six months or less. The Agency places its temporary cash investments with
highly rated financial institutions. The Director of Finance shall closely monitor the balances
of the Checking account, Money Market, and Certificates of Deposit accounts. At times
such investments may be outside of the FDIC insurance limit.