The IHLS Finance Department monitors the SHARE accounts and analyzes interest rates on available financial products to optimize rates of return. Each year, the IHLS Finance Department will evaluate cash flow after the annual SHARE fees are billed and revenues begin to be collected, usually in September.
The SHARE checking account should always have up to three months of cash on hand to make sure obligations are being met. If the checking account balance is higher than three months' operating expenses, those funds will be transferred to a higher-interest account. All investment income will be entered as revenue to the SHARE Reserve Fund.
Adopted 02/06/2025