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Module 7: Investing Idle Cash and Closing Investments
Module 7: Investing Idle Cash and Closing Investments
In this module, participants will gain a deeper understanding of how some schools may invest idle cash in secure investments, specifically certificates of deposit, savings accounts, and US Government bonds. A separate bank account must be established in SAF for each investment, and specific Category numbers must be used for investments. When the investment is closed, internal control procedures must be followed and the Complex Area Superintendent must be informed in writing after the proceeds have been deposited into the SAF checking account.
Please click on the Student Activity Fund Quizzes link below to access the SAF Quizzes (Modules 2-13). You will receive a confirmation email once you are registered in Canvas LMS with instructions on how to access the system.
After reviewing this module, you will:
After reviewing this module, you will:
Know which Category may have funds that could be invested
Know what types of investments are, and are not, permitted
Know how to record the investment in SAF
Know how to record the interest earnings in SAF
Know what Category and Sub-Category to request to be established
Understand the investment transactions that are prohibited in SAF
Know the procedure to document closing an investment
Know what to do if no statement is received for an investment account as of the end of the month
Understand the reason to monitor the total account balances in a single financial institution
Related SPs for Learning Module 2: SAF Overview, Bank Accounts, Login:
Related SPs for Learning Module 2: SAF Overview, Bank Accounts, Login:
Related SAF Forms:
Related SAF Forms:
Other Related Forms:
Other Related Forms:
None
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