TARRY HOUSE, INC.
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Subject: Investment Policy |
Procedure
Number: |
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Site: Administrative Office |
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Issued By: Executive
Director |
Effective: 1/97 |
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Approved By: The
Board of Trustees |
Revised: 11/25/02;
11/29/05 |
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Reference Policy:
B.P. 01 |
Reviewed: 1/98;
12/99; 1/10/01; 11/30/01; 11/25/02;
11/25/04; 11/29/05; 1/27/09 |
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Standards
Reference: |
CARF: Section 1
H&I ODMH: 5122-30-19 |
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I.
Purpose
To provide
guidelines for the investment of surplus Tarry House, Inc. Funds.
II.
Policy
Surplus
monies of Tarry House, Inc. shall be prudently invested in guaranteed accounts
yielding a reasonable rate of
return while not impairing the liquidity of the corporation. The Finance Committee of the Board of Trustees shall be
responsible for developing long-range investment plans. The responsibility
for implementation of this policy shall be delegated to the Executive Director,
who shall perform in accordance with
the direction of the Finance Committee.
An
investment report shall be provided to the Finance Committee at the request of
the Finance Committee.
___________________________________________ _____________________
Executive Director Date