Last edited by Keshakar
Friday, May 1, 2020 | History

5 edition of Investing local government funds found in the catalog.

Investing local government funds

a guide for municipal finance professionals, board members, and investment managers

by Christopher Orndorff

  • 109 Want to read
  • 15 Currently reading

Published by McGraw-Hill in New York .
Written in English

  • United States.
    • Subjects:
    • Investment of public funds -- United States.,
    • Local finance -- United States.

    • Edition Notes

      Includes bibliographical references and index.

      StatementChristopher N. Orndorff, Ashvin Syal.
      ContributionsSyal, Ashvin.
      LC ClassificationsHJ3833 .O76 1997
      The Physical Object
      Paginationx, 180 p. :
      Number of Pages180
      ID Numbers
      Open LibraryOL1001052M
      ISBN 100786308168
      LC Control Number96040003

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Investing local government funds by Christopher Orndorff Download PDF EPUB FB2

Guide to Public Funds Investing for Local Governments | June 6 | P a g e between cash that should be invested in short-term instruments and cash that is not expected to be needed for a longer period of time (often invested separately as a “core” portfolio).File Size: KB.

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An investment policy describes the parameters for investing government funds and identifies the investment objectives, preferences or tolerance for risk, constraints on the investment portfolio, and how the investment program will.

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To keep public funds safe, officials and cash managers need to understand the requirements they must comply with and the investment limitations and safeguards required of local government investments and deposits. This guide includes the following sections about the fundamentals of investing and protecting local government funds in New York State.

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Municipal bonds bear interest which is paid at either a fixed or variable rate, depending on the terms of the bond. The issuer of the bond (i.e. the local government) receives a cash payment from the investor in return for agreeing to pay the scheduled rate of interest to the bond holder.

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(2)AA"Book value" means the original acquisition cost of an investment plus or minus the accrued amortization or accretion. (3)AA"Funds" means public funds in the custody of a state agency or local government that: (A)AAare not required by law to be deposited in the state treasury; and (B)AAthe investing entity has authority to invest.

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