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The Board of Directors, its Staffstaff, and independent contractors (e.g. accounting firms) hired for such purpose shall monitor and manage the Dallas Makerspace and its assets. The Board of Directors has a direct oversight role regarding all decisions that impact the Dallas Makerspace’s funds. The board has delegated supervisory responsibility for the management of the Dallas Makerspace’s funds to the Treasurer and financial group. The board and the treasurer shall ensure that their fiduciary responsibilities concerning the proper management of the Dallas Makerspace’s funds are fulfilled through appropriate investment structure and internal and external management consistent with all policies and procedures.
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- Short-Term Liquidity Needs
- Long-Term Liquidity Needs
- The need to preserve the organization’s capital in light of the largely fixed nature of its expenses
- Possible effect of inflation or deflation
- Possible impact of a significant change in interest rates
- Investment’s correlation with overall market conditions (often referred to as systemic risk, or beta)
- Any investment’s potential idiosyncratic risk; and
- Expected total return of the investments
Proposed Investment Guidelines
Money Market Funds and Interest-Bearing Accounts: Allowable Range: Minimum 25%; Maximum 100% of total assets: Funds and accounts must be US Dollar denominated and offer comparable liquidity to demand deposits
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