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4.4000 Investments

Disclaimer: The content on this webpage appears as a courtesy to site visitors and is for general informational purposes only. To obtain a copy of the official applicable policy or regulation, please contact Brookdale’s Public Records Custodian via the Public Records webpage of the Brookdale website at https://www.brookdalecc.edu/about/public-records


I. Title of Policy

Investments

II. Objective of Policy

To establish guidelines for the investment of College funds.

III. Authority

Board of Trustees Bylaws and New Jersey Statutes 18A:64A

III. Policy Statement

Responsibility for the investment of all excess funds shall rest with the President. Such funds shall continuously be identified and invested prudently and in accordance with regulations and statutes issued by the State of New Jersey.

The President shall establish procedures for the investment of excess funds, and the Board of Trustees shall be kept apprised of all investments and proceeds.

V. Responsibility for Implementation

President.


Approved:  8/1/68
Revised: 10/24/96