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Catalog of Sample Policies for Pennsylvania's Conservation DistrictsCapital Reserve Fund The Capital Reserve Fund is an INVEST* account consisting of money set aside from the Activities Fund for the purpose of funding future District conservation education efforts, including development of an environmental education facility. Recommendations for altering the fund's investment strategy are made by the District Finance and Planning Committee and approved by the Board. Funds may be transferred between the Capital Reserve and Activities Funds as needed at the discretion of the Board. (The District Board of Directors authorized participation in the State
Treasurer's INVEST Program for local governments by resolution adopted
on September 27, 1999.) |
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