Investing
- Legal requirements of investing
- Objectives of investing (e.g., safety, liquidity, yield, prudence)
- Process of establishing investment policy (including approval process)
- Investment risks
- Process of making investments (e.g., competitive bidding, safekeeping, custody, delivery vs. payment)
- Investment strategies
- Investment instruments (e.g., U.S. government securities, repurchase agreements, depository instruments, certificates of deposit, bankers’ acceptances, commercial paper, mutual funds, local government investment pools, derivatives)
- Investment economics (e.g., the yield curve, strategy, monitoring financial markets and interest rates)
- Relationships with broker/dealers
- Relationships with investment advisers
Managing banking services
- Banking relationship management
- Depository selection
- Custodian selection
- Bank compensation (e.g., compensating balances, direct fees, account analysis statement)
- Bank safety (e.g., role of federal regulators, factors to evaluate)
- Insurance and collateralization (e.g., FDIC limits, GASB Statement 3, surety bonds, collateral safekeeping)
- Collections and concentration
- Objectives of collections and concentration
- Methods used to collect and concentrate funds
- Disbursements
- Objectives of disbursements
- Methods used to disburse funds
- Fraud prevention (e.g., positive pay)
- Cash management and investment
- Objectives of cash management and investments
- Components of the cash management and investments function
- Cash flow forecasting:
- Objectives of cash flow forecasting
- Controls and support in forecasting
- Types and frequency of forecasts
- Methodology used to forecast
- Short-term borrowing
- Federal laws and regulations
- Access to credit markets (e.g., credit ratings, interest rates)
- Borrowing methods (e.g., direct loans, short- term debt instruments, lines of credit)
- Information and control
- Cash accounting (e.g., bank and cash reconciliations, treasurers reports, interest allocation)
- Investment reporting
- Internal controls
- Use of technology (including security measures)
