B.1.8 Treasury Management
Approved/revised: March 18, 2003
POLICY
In the event that NVIT achieves an amount of operating cash in excess of operating need, the Bursar, in consultation with the President, will invest the excess cash in short-term investments as per the Investments policy #B.1.3. The Bursar will ensure that cash balances are managed to minimize bank fees and earn interest on surplus balances.