Answer to Question #319935 in English for Mojo

Question

What is the role and responsibilities of a teacher appointed to seat with a finance commitee

Answer 1

They are in charge of investing all school funds, including the power to effect purchases. They also initiate the sale and exchange of securities and other school investment assets, except real property. Also,they may employ investment counsel and delegate authority to buy or sell securities for the school’s account to such investment counsel or any school officer, subject to such limits the committee may impose. finally, they report changes and investments to the Board at each Board meeting.