POLICY TITLE: Operating Funds Investment
APPLIES TO: University officials responsible for the investment and management of KSU operating funds
ADMINISTRATIVE AUTHORITY: Office of the President Division of Finance & Administration
APPROVED BY: Kentucky State University Board of Regents
NEXT REVIEW DATE: August 8, 2028
This policy governs the investment of the operating funds of Kentucky State University (KSU). It establishes KSU's primary investment objectives, defines the authority and fiduciary responsibilities of those managing KSU funds, and outlines the approved strategies and guidelines for all investment transactions to ensure the prudent financial management of KSU assets.
Securities, evidence of deposit, or other assets pledged by a third party (e.g., a financial institution) to secure the repayment of a KSU deposit that exceeds the coverage provided by the Federal Deposit of Insurance Corporation (FDIC).