CB LOCAL

DEPOSITORY OF FUNDS

Allowable Collateral

Eligible securities for collateralization of deposits are those defined as “eligible securities” by the Public Funds Collateral Act.

Monitoring Collateral Adequacy

The College District shall require monthly reports with market values of pledged securities from all financial institutions with which the College District has collateralized deposits. The investment officers shall monitor adequacy of collateralization levels to verify market values and total collateral positions.

The Vice President of Business Affairs is responsible for reviewing and updating this policy. Policy reviews are made in accordance with the Office of Institutional Effectiveness Policy Tracking document.

DATEISSUED: 2/21/2005

ADOPTED: 2/2025

UPDATE 19

CB (LOCAL)