The District invests idle cash to safely earn interest through appropriate investments. The District does this through two policies:
Compliance with Utah Money Management Act - Policy
Authorized Bank & Investment Accounts - Policy
Unless otherwise outlined in laws, rules, and regulations, the District directs interest earned with idle cash to the General Fund's unrestricted programs. Interest earned in relation to the District's construction investment is restricted to the capital project's fund; interest earned in relation to the District's scholarship fund is restricted to the scholarship fund; interest earned in relation to school activity funds is restricted to the school in which the interest was earned for.