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Committee postpones investments policy after members seek portfolio transparency and values-based options
Summary
Members of the Policy and Governance Committee asked staff for more detail on how the district invests surplus funds, including whether investments align with board values; the committee postponed Policy 3100 to a later meeting to allow staff to provide additional information.
The Policy and Governance Committee on Jan. 14 postponed consideration of Policy 3100, the board’s investment policy, after members requested more information about portfolio holdings, oversight and whether the district can or should pursue values-based investing.
Mrs. Welsh, who presented the policy, said the draft updates were primarily organizational and focused on standard investment objectives: safety of principal, sufficient liquidity and reasonable return. The policy cites state regulatory references and directs the superintendent or a designee to manage surplus funds within applicable law. It also directs quarterly strategy…
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