ยง 603 Investment Management; Investment Policy Statements
A. Tribal funds shall be invested in accordance with approved investment policy statements adopted by the Tribal Council and fund source restrictions, if applicable.
B. Each investment policy statement shall incorporate all pertinent information related to the purpose and intent of the fund(s) as described in Article 5 of this Title and in addition shall set forth:
1.The expected liquidity requirements of the investment account.
2.The anticipated time horizon over which the fund will be invested.
3.The types of securities in which the assets of the fund may be invested.
4.The specific risk tolerances of the fund.
5.The strategic allocation between differing classes of investment instrument in which the fund will normally be invested and allowable variances.
6.The anticipated yield of the fund expressed in comparison to appropriate indexes.
7.The nature of account (i.e.: custodian or brokerage accounts) within which the securities of the fund will be held.
8.Names and responsibilities of all parties to the management of the assets, including the Tribal Council, Officers and Directors who may be assigned to such responsibilities.
[Legislative History: Enacted by Resolution No. 2018-76, 10/19/2018
Related Articles
103 General Policy
§ 103 General Policy The Constitution of the San Juan Southern Paiute Tribe provides that the Tribal Council has the responsibility to regulate all matters and to take all actions necessary to preserve and safeguard the health, safety, welfare and ...
604 Annual Investment Performance Evaluation
§ 604 Annual Investment Performance Evaluation An evaluation of the performance of all investment portfolios, mutual funds and money managers selected to oversee the investment of funds shall be conducted by the Tribal Council not less frequently ...
208 Audited Financial Statements
§ 208 Audited Financial Statements Annual Audits shall be conducted and Audited Financial Statements shall be published in accordance with Article 9 of this Title. Upon completion of work by Independent Auditors, the Comptroller shall cause to be ...
207 Year-End Financial Statements
§ 207 Year-End Financial Statements A.Before March 31 of each Fiscal Year, the Accountant shall submit completed Financial Statements for the prior fiscal year to the President, Vice President, Tribal Administrator and Comptroller. B. Such financial ...
204 General Accounting Policies and Financial Statements
§ 204 General Accounting Policies and Financial Statements The Tribal Council shall adopt written accounting policies and procedures for all Tribal operations. Such policies shall provide that the financial statements of the Tribe shall be prepared ...