Purpose:MSAD 9 POLICY MANUAL
Date: MSAD No. 9 FILE: DO-E
REQUEST FOR ESTABLISHMENT OF A TRUST FUND
Name(s) of Contributor(s)
Name of Trust Fund
School Identified
Trust Fund Principal
Individual Responsible
Classification of Trust Fund Principal Non_Expendable
Expendable
Term of Trust Fund Perpetual
Limited_Life
If Limited Life Specify Expiration Date:
TRUST FUND AGREEMENT
Purpose:
Assets
are restricted and may only be expanded as follows:
In
the event of discontinuance of a school or consolidation of the MSAD No.9 school
system, or similar event describe how the assets of The Fund should be disposed:
I agree to the above terms and conditions, and I understand that it is the policy of the Board of Directors to maximize interest earnings for trust funds through the Purchase of Certificates of Deposit and similar safe and prudent deposits in interest bearing account, in institutions who shall fully insure, or collateralize such deposits. I also understand that in order to maximize interest earnings and to centralize accounting function, the district may use a cash_pool approach in managing the assets and for distributing interest earnings.
Signature of Contributor(s)
Mailing Address
Telephone Number
Reviewed By:
(Business Administrator) (Date)
Approved By:
(Superintendent) (Date)
Approved: June 17, 1997
Reviewed: January 22, 2002