http://sisc.kern.org/investmentpool/ en-us Thu, 19 Nov 2009 00:13:36 GMT Thu, 19 Nov 2009 00:13:36 GMT http://blogs.law.harvard.edu/tech/rss UserLand Frontier v9.5 http://editsisc.kern.org/investmentpool/2002/05/14 <P>The <B>SISC INVESTMENT POOL</B> was created in July 1994 to provide districts with an avenue to maximize the return on investment of their long-term reserves. Since inception the Pool has had a consistent history of out-performing the State of California Local Agency Investment Fund (LAIF) and the Kern County Treasurer. </P> <P>The <B>SISC INVESTMENT POOL </B>provides districts with a way to maximize the return-on-investment of their long-term excess reserves. Many school districts with excess reserves currently have their funds invested in vehicles that provide 24-hour liquidity; however, if the district does not require use of these excess reserves for two or more years the <B>SISC INVESTMENT POOL</B> may be a more appropriate place for these funds. </P> <P><B>Highlights:</B> </P> <OL><B>1.</B> Current return on investment as of&nbsp;September 30, 2009: <UL>Jul&nbsp;- Sep 2009 qtr. (annualized)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 1.30%</UL> <UL>Inception to date&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; 5.01%</UL> <UL></UL> <UL></UL> <UL><BR></UL> <UL></UL><B>2.</B> Investment guidelines comply with California Government Code Section 53601, as well as Senate Bill 866 and 564. </OL> <OL><B>3.</B> Investment Pool managed by Wells Fargo&nbsp;Advisors/Reinhart Partners Inc. </OL> <OL><B>4.</B> Quarterly deposits and withdrawals (We strongly recommend districts only invest excess reserves they expect to leave in the Pool for two or more years. Funds invested for shorter periods of time may be subject to large earnings fluctuations.) </OL> <OL><B>5.</B> Minimum investment is $50,000.00 </OL> <OL><B>6.</B> Audited quarterly investment reports are provided to participating districts by an independent accounting firm. The quarterly report depicts each district's proportionate share of interest earnings and total portfolio value, as well as the performance of the pool.</OL> c42ab0ff3ffb658aa151b77fd2fa9d11 Bryan Bell