Investment Strategies Policy
- Working Capital:
- The Academy should maintain a minimum balance of $50,000 in an operations checking and savings account.
- The Academy should maintain reserves equal to 6 months of prior year's expenses.
- Where possible, current investment accounts should be consolidated in the AAFP Pooled Funds Account.
- Interest income:
- The Academy should establish a policy for the use of the interest and growth in the investment fund. (Example: lower dues, foundation support)
Submitted by Flora Sadri, DO, Chair of Finance Committee - June 13, 2015
Approved by Massachusetts Academy of Family Physicians Board - June 13, 2015