2813.01  INVESTMENT POOL FUND

Each campus can establish an Investment Pool Fund to use as an investment 
clearing account for excess funds it has available to invest.  This account 
should be set up on the general ledger using the appropriate IBS accounts.

Any excess cash should be transferred from the individual trust accounts to 
the Investment Pool Fund.  These transfers should be made as soon as any 
deposit is made or recorded in the trust funds designated for investment.  As 
an example, the NDSL funds should be transferred from the NDSL account to 
the Investment Pool Fund on a weekly basis.

Funds in the Investment Pool may be invested in Certificates of Deposit, 
insured Money Market Accounts, or the State Surplus Money Pool.

Cash needed for disbursement of NDSL funds or the payment of invoices 
from other special trust funds should be transferred from the Investment 
Pool to the appropriate trust fund cash account one or two days before the 
disbursement dates.