Administration D. Long Term Debt Asset management involves the management of the district's cash resources and physical assets in a cost-effective and efficient manner. This includes accounting for and safeguarding these elements against theft and obsolescence. Risk management includes the identification, analysis and reduction of risk through insurance and safety programs that protect the district's assets and employees. The Business Services office operates both GISD's asset management function and its risk management program, including all employee benefit insurance and property and casualty insurance coverage.
Trustees review and approve the policy annually.
The district's investment portfolio includes financial instruments that earn a rate of return within GISD's safety and liquidity objectives. The district normally uses federal and commercial paper for investment purposes. GISD's investment objectives and policies vary with the nature of the fund, using income generated as a supplementary source of revenue. Property and casualty policies include liability for facilities, equipment and vehicles, personal injury, professional and general liability and loss of property. The district's insurance consultant has indicated that the 25.9 percent decrease in total premiums from the 1998-99 year is mostly due to timing differences in some of the major policy coverage periods.