College of the Mainland in compliance with Public Funds Investment Act
Posted on: June 18, 2012
College of the Mainland has once again been found to be in full compliance with both the Public Funds Investment Act and the investment reporting requirements in fiscal year 2011, according to the State Auditor's Office report.
Each year the Public Funds Investment Act requires all governmental entities, including colleges, in Texas to ensure that their funds are managed in fiscally sound and responsible investments.
Being found to be in compliance means that “taxpayers may have confidence that their tax dollars are being invested in a safe, conservative manner,” said Helen Duvall, COM controller.