3430 — Investing (BP)
The official document
What the district published
This is the source material — exactly as released by RUSD. The plain English translation below is this site's version, written for community members who shouldn't need a budget degree to understand where their school dollars go.
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What this document actually says
This policy, last revised in September 2022, governs how Reed Union School District invests surplus funds and special reserves that aren't immediately needed for operations. The Board authorizes the district's chief fiscal officer to invest these funds following strict legal requirements. Investment decisions must prioritize three goals in order: (1) protecting the principal amount, (2) ensuring funds are available when needed, and (3) achieving returns. The chief fiscal officer must act with care and prudence, filing monthly investment reports to the Board. The district aims to match or exceed market-average returns over time. An annual investment policy statement must be submitted by the end of the first quarter each year, and quarterly reports are required for individual investments of $25,000 or more. The Board can revoke investment authority at any time.
What this means for your family
This policy doesn't directly affect daily classroom operations or individual student services. However, it impacts families indirectly by ensuring the district manages taxpayer dollars wisely and generates additional revenue through careful investing. Better investment returns can mean more money available for educational programs, facilities, and resources without raising taxes. The policy's emphasis on safety protects the district's financial stability, which ultimately supports consistent funding for schools.
Summaries are AI-assisted and based on the original district document shown above. Nothing has been editorialized — interpretations are clearly labeled. This site is maintained by Lina Godfrey's campaign as a community resource.