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250
Fund Balance and Solvency

 

Handle: Document-32989
Owner: Newcomb, Kellee (User-147, 02075:EVERETT)DS
Thursday, February 17, 2011 10:28:50 AM PST
Thursday, January 19, 2017 03:03:33 PM PST
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  • 250
Page 1 of 1FINANCEFund Balance and SolvencyUnder Policy number 220, the Trustees for the Everett School Employee Benefit Trust(“Trustees”) are responsible for ensuring that the Everett School Employee Benefit Trust(“Trust”) is managed: • Effectively and prudently, in full compliance with law and the Trust.
  • The Trustees believe this responsibility includes the requirement that sufficient funds be retained
to meet the Trust’s liquidity needs, which vary from time to time.
  • The Trustees will develop and adopt procedures for carrying out this Policy.
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