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The
Investment function of Douglas County (County) funds is a function performed by
the County Treasurer. It is the policy of the County to invest public funds in a
manner which will provide the highest investment return with the maximum
security while meeting the daily cash flow demands of the County and conforming
to all Nevada Revised Statutes (NRS) and County ordinances governing the
investment of public funds.
This
policy applies to all financial assets of the County that are overseen by the
Treasurer, including, but not specifically limited to those assets held in the
public interest in the County's fiscal capacity as well as those held in trust
or agency capacity for other governmental entities. Should bond covenants be
more restrictive than this policy, bond proceeds will be invested in full
compliance with those restrictions. Additionally, all funds overseen by the
Treasurer are accounted for in the County's General Purpose Financial
Statements.
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