The Board of Trustees of Uinta County School District Number One supports and authorizes a safe and sound investment program. Such a program is viewed as a critical ingredient of sound fiscal management, the purpose of which is to secure a maximum yield of interest revenues to supplement other district revenues for the support of the educational program of the district.
Investments shall be limited to those authorized by state law. No investment of public funds shall be made until the board of trustees authorizes such investment. See W.S. 9-4-831 as amended.
Before any person effects any investment transaction on behalf of the school district or offer any investment advice to the school district, the person shall sign a statement indicating he/she has read this policy and agrees to abide by applicable state law with respect to advice he/she gives and the transactions he/she undertakes on behalf of the school district. For purpose of the policy, “investment transaction” or “investment advice” does not include deposits in financial institutions as authorized by law.
Staff responsible for investment transactions are encouraged to take advantage of education programs conducted by the state auditor or treasurer relating to investment of public funds.
The Board of Trustees believes: