This study examines the relationship of the Florida public school cash management systems: district variables, school board variables, investment techniques, and investment officer characteristics to interest revenue and rate of return on investment of idle funds. Questionnaires and interviews were used to collect data from district finance officers. The cash management variables were analyzed using step-wise multiple regression. / The findings indicate district variables contribute 77% of the change in interest revenue and 7% in rate of return. The contribution by individual system is: district, 7%; school board, 26%; investment technique, 47%; and investment officer characteristics, 8%. The individual variables contribution are: flowcharting, 28%; investment of net payroll, 14%; presence of a written investment plan, 7%; bidding of depository, 3%; school board involvement in banking, 8%; minimum amount invested, 5%; and, weekly investment planning period, 5%. / The results indicate major weaknesses in planning and in the amount of political influence on the program. / The recommendations are that the state require the investment of idle cash, that the state develop a cash investment information systems, and that the state auditor criteria be required to be based upon investment rates provided by state investment information systems. / Source: Dissertation Abstracts International, Volume: 42-10, Section: A, page: 4244. / Thesis (Ph.D.)--The Florida State University, 1981.
| Identifer | oai:union.ndltd.org:fsu.edu/oai:fsu.digital.flvc.org:fsu_74630 |
| Contributors | WALTON, HOWARD CHARLES, III., Florida State University |
| Source Sets | Florida State University |
| Detected Language | English |
| Type | Text |
| Format | 142 p. |
| Rights | On campus use only. |
| Relation | Dissertation Abstracts International |
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