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ERIC Number: ED176381
Record Type: RIE
Publication Date: 1979
Pages: 10
Abstractor: N/A
Reference Count: 0
Cash Flow Smoothing for Schools.
David, Remigius
The model developed in this article is intended to help the finance manager of a tuition-supported school make calculated investments of surplus moneys. It is designed to make funds available to pay salaries and bills when needed and to add interest in increasingly larger amounts to the available funds of the school. It assumes that the finance manager must keep an adequate supply of cash available for the demands of the immediate period, avoid idle cash piling up in a commercial bank, and prorate receipts over the whole fiscal year. The system schedules treasury bills and certificates of deposit to be purchased so that they will mature on each specific date when checks are to be written. It is intended to accomplish a smoothing of funds across the year, thus assuring cash to meet predicted obligations as they occur and a steady stream of interest 38 times during the course of the fiscal year. (Author/JM)
Publication Type: Guides - Non-Classroom; Reports - Descriptive
Education Level: N/A
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A
Identifiers: Cash Flow Management