The Treasurer will have the authority to invest operating and flow-through funds, in compliance with this policy. These investments are limited to redeemable investment certificates and money market mutual funds through the corporation's banking institution. There is a requirement to maintain adequate cash in the corporation's current accounts to meet the current month's operating expenses, granting or flow through disbursements.

Canadian Law and Regulatory Compliance

Short-term investments will prioritize preservation of capital, liquidity and diversification and will be held with regulated institutions or in Board-approved instruments consistent with the governing investment standard. The Treasurer's authority is limited to the approved mandate and does not include borrowing, leverage, derivatives, related-party investments or other unapproved instruments.

Cash-flow forecasts will include operating commitments, restricted funds, approved grants and the disbursement quota. Holdings, maturity, counterparty exposure and compliance will be reported to the Board or Finance Committee at least quarterly.

Application note: This template must be read with the Foundation's articles, bylaws, gift terms and the federal, provincial or territorial laws that apply to its incorporation, activities and operating jurisdictions. Organization-specific facts and provincial requirements require lawyer confirmation before adoption.

Monitoring: This policy will be reviewed every three years or when this responsibility can be delegated to a staff member.

Board Acceptance: This policy was approved/reaffirmed at the__________Board meeting.