The investment policies are designed to legally maximize the return on the Township's idle funds.
The Township will regularly analyze its cash flow needs of all funds.
The Township will collect, disburse, and deposit funds on a regular basis.
The Township will pool cash from its different funds and invest the idle funds with compliance to state and federal laws at the highest rate of return possible, while maintaining a diversified investment portfolio.
Interest earnings and market value adjustments will be credited to the source of the invested monies at the end of each quarter based on the average cash balances during that quarter.
The General Fund will receive a minimum of 7.5 percent of all investment earnings as administrative fees for the Finance Officer's time for investing.
The Finance Officer will provide at least quarterly investment information and results to the Town Board.