B.1.8 Treasury Management
Approved/revised: April 20, 2021
POLICY
In the event that NVIT achieves an amount of operating cash in excess of operating need, the Associate Vice President, Finance & Administration, in consultation with the President, will invest the excess cash in short-term investments as per the Investments policy #B.1.3. The Associate Vice President, Finance & Administration will ensure that cash balances are managed to minimize bank fees and earn interest on surplus balances.