B.1.8 Treasury Management
Approved/revised: December 22, 2021
POLICY
In the event that NVIT achieves an amount of operating cash in excess of operating need, the Chief Financial Officer, in consultation with the President, will invest the excess cash in short-term investments as per the Investments policy #B.1.3. The Chief Financial Officer will ensure that cash balances are managed to minimize bank fees and earn interest on surplus balances.