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Finance committee approves PMA investment plan and sets $400,000 liquidity target for referendum funds
Summary
The Flambeau School District Finance Committee on July 9 approved the PMA-recommended investment plan for referendum funds and agreed to hold $400,000 in liquid cash as a working reserve.
The Flambeau School District Finance Committee approved the investment plan recommended by PMA and agreed to set the liquid cash target for referendum funds at $400,000.
The minutes state that "the recommended investment plan provided by PMA was approved. It was agreed upon that our liquid cash amount would be set at $400,000." Committee members recorded the decision without noting a specific mover or seconder for this particular action; the approval is recorded as the committee's decision in the meeting minutes.
Committee members directed that implementation details and monthly reports related to referendum projects be shared with the full Board at regular meetings, providing an avenue for Board-level oversight of investment performance and cash liquidity.
