IGS INVESTMENT POLICY

The objective of the IGS Investment Program is to obtain the maximum possible return on surplus funds while assuring adequate protection of invested assets.

The purpose of maintaining these reserve funds is to enable the IGS to support its mission throughout varying economic conditions. This would mean that during downturns in the economy, dues could be stabilized and programs could remain intact. The financial reserves should not be used to balance varying cash flow conditions. The first priority for investment choices shall be to minimize risk and to keep up with the rate of inflation.

All interest, dividend income and capital gains earned from investments may be used as current fiscal year operating funds. The budget will reflect such anticipated revenue.

The minimum IGS financial reserves will equal the average of the last 3 years operating budgets, with an absolute minimum of US $ 100,000.

The IGS Investment Advisory Committee consists of:

- a representative of the US bank where the IGS has its accounts
- the Certified Public Accountant who executes the financial audits of the IGS books
- at least two IGS members