Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
District hears presentation on nonprofit school investment pool as an alternative for cash management
Summary
Representative Ken Schuler outlined a nonprofit local government investment pool option for school cash management, stressing a safety‑first approach, S&P triple‑A rating for the fund, same‑day crediting for state aid deposits and a low net fee structure; board members asked questions about liquidity, fees and risk.
Ken Schuler, who identified himself as a representative of a nonprofit local government investment pool, told the Jenkintown School District board on April 7 that the fund offers a safety‑first, pooled investment option for school districts.
Schuler said the pool had roughly $9,700,000,000 in assets last year, serves more than 500 participating school districts across Pennsylvania and counts about 20 participants in Montgomery County. He described the fund as run by a board of school business officials and school board members and said it…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
