Description
Investment policy for surplus funds. Covers: investing cash beyond operating needs; quarterly cash forecasting and minimum monthly balance; separate operating and endowment portfolios; compliance with provincial legislation; priority objectives (capital preservation, risk management, returns); permitted investments (GICs, Government of Canada and provincial bonds, AAA-rated corporate bonds) and board approval for others; liquidity and diversification; recovery plans for volatile products; annual investment strategy report with benchmarks; and oversight of investment managers and conflicts.
