Utah Admin. Code R628-2-9 - Reporting by Public Education Foundations and Public Treasurers
Each public education foundation and public treasurer, having funds acquired by gift, devise, or bequest and funds functioning as endowments shall file a written report with the Council on or before July 31 and January 31 of each year containing the following information for investments held on June 30 and December 31 respectively:
A. total market value of funds held under
gifts, devise or bequest and funds functioning as endowments;
B. amount invested under this rule;
C. amounts invested under this rule
indicating the carrying value and market value of each category of investment;
and
D. a list of all non qualifying
assets held under this rule containing the date acquired, the carrying value
and market value of each asset.
E.
The board of trustees or governing body shall review the portfolio at least
quarterly, and shall receive the certification from the public treasurer that
the portfolio complies with the Money Management Act, Rules of the Money
Management Council and the prudent person rule in section 51-7-14 of the
Act.
Notes
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