Policy
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It is the policy of Queen’s Harbour Yacht and Country Club Owners Association (the Association) to…
- safeguard cash through deposit in secure financial institutions and investment in low-risk securities.
- earn income on cash funds from interest bearing accounts and through investment in high quality fixed income securities for time periods equal to or shorter than the estimated time when funds may be needed.
- establish internal control procedures to ensure that the objectives and requirements of this policy are met.
Brokerage accounts may be established for the purpose of acquiring and holding investments authorized by this policy and retention of cash. |
