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6-7-1 Funds, Investment of Surplus

Table of Contents

  1. Introduction
  2. Area Commission
  3. Information Technology
  4. Plans and Analysis
  5. Marketing
  6. Financial Affairs

    6-1-1 Annual Report

    6-1-2 Travel Authorization & Reimbursement

    6-1-3 Petty Cash

    6-1-4 Student Travel, Authorization & Reimbursement

    6-2-1 Professional Development Program

    6-2-2 Memberships in Professional Organizations

    6-2-3 Tuition Assistance

    6-3-1 Funds, Receipt and Deposit

    6-5-1 Budget Transfers

    6-5-2 Federal Funds, Expenditure & Control Of

    6-6-1 Budget Administrator Responsibility

    6-6-2 Invoice Payment Process

    6-7-1 Funds, Investment of Surplus

    6-8-0 Refunds Policy

    6-8-1 Refunds

    6-9-1 Authorized Signatures/Bank Withdrawals

    6-12-1 Capital Plant Fund

    6-13-0 Educational Fee Waiver Policy

    6-13-1 Educational Fee Waiver

    6-14-0 Student Fees Policy

    6-14-1 Checks - Information Required, Returned Checks and Credit Card Chargebacks

    6-15-0 Expenditure of Auxiliary Income

    6-15-1 Expenditure of Auxiliary Income Procedure

    6-15-2 Employee Recognition, Official and Unofficial

    6-16-1 Internal Auditing Department

    6-17-1 Information Security Plan

    6-17-2 Information Security Data Breach Response Plan

    6-18-1 Red Flags Rule Identity Theft Prevention Plan

  7. Facilities Management
  8. Human Resources and Employee Relations
  9. Development
  10. Procurement and Inventory Control
  11. Auxiliary Enterprises and Printing Services
  12. Public Safety
  13. Academic Affairs
  14. Learning Resources
  15. Continuing Education and Economic Development
  16. Admissions and Registrar
  17. Student Services

NUMBER: 6-7-1 APPROVED DATE: 01-04-1999

BASED ON POLICY NUMBER AND TITLE: 2-12-0 EPA 4: FINANCIAL CONDITION

PURPOSE: To establish procedures to invest all surplus funds in order to earn revenue for use as general operating funds. 

The Vice President of Finance and Administration is authorized to invest local funds until the funds are needed for cash according to the guidelines within these procedures

1.   The Vice President of Finance and Administration or the designee of the Vice President is authorized to invest in  financial instruments in compliance with the Code of Laws of South Carolina (SC Code 6-5-10).

2.    The primary objectives in priority order of investment activities shall be preservation of capital, liquidity and yield.

A.    Preservation of capital Preservation of capital is the foremost objective of the investment program.  Funds shall be invested in a manner that seeks to ensure the preservation of capital in the overall portfolio.  The objective is to mitigate risk.  Risk is defined as limiting investments to the safest types of securities and structuring the investment portfolio so securities mature to meet cash requirements for ongoing operations and would prevent the need to sell securities prior to maturity.

B.    Liquidity – The investment portfolio shall remain sufficiently liquid to meet all operating requirements that may be reasonably anticipated.  The portfolio shall be structured so that securities mature concurrent with cash needs to meet anticipated demands.  Because all cash demands cannot be anticipated, a portion of the portfolio may be placed in overnight investments. 

C.   Yield – The investment portfolio shall be designated to attain the market rate of return throughout the budget cycle based on the current rate environment, risk constraints and liquidity needs. 

 

 

Updated: 09-18-2003

Updated: 09-23-2011

Updated: 11-27-2017