Cash and Investment Program - B 502

The President shall appoint an Investment Officer who will perform the following investment functions for the college:

  1. Preserve the investment capital and principal.
  2. Maintain sufficient liquidity to enable Portland Community College to meet all operating requirements, which might be reasonably anticipated.
  3. Diversify to prevent incurring avoidable risks regarding specific security types, industries or individual financial institutions.
  4. Strive to maintain the maximum rate of return throughout budgetary and economic cycles given the constraints and spirit of this policy.
  5. Establish guidelines and procedures for investments pursuant to ORS Chapter 294

(April 2004)