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PGCPS committee recommends changes to investments reporting, postpones board reimbursement rule changes and sends several policies to public comment
Summary
On Jan. 28 the Policy & Governance Committee recommended revision of the investments policy to add monthly reporting and called for clearer communication platforms; it postponed further action on proposed board reimbursement rules and recommended three policies for public comment.
Prince George's County Board of Education Policy & Governance Committee met Jan. 28 and took several procedural votes on policies and committee reporting.
Investment reporting: The committee recommended that Policy 3.100 (Investments) be revised to move more detail from the administrative procedure into policy and to require monthly investment policy compliance reports to the board. Robin Welch, who presented the item, said the district’s treasurer already prepares a monthly portfolio report and that the proposed policy language would formalize monthly reporting requirements and provide members a listing of individual securities and the percentage of the portfolio represented by each investment type.
“I would like to add language about the communication platforms that are available between the board and the superintendent,” said Board member Briggs during discussion; the committee…
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