Iowa Schools Joint Investment Trust (ISJIT)

The Iowa Schools Joint Investment Trust (ISJIT) assists more than 325 school corporations in safely increasing their investment income.  Since 1986, ISJIT has provided additional funds to increase the quality of educational services available to students across the state.

Sponsored by IASB, governed by a representative board of trustees and served by a dedicated team of professionals, ISJIT offers several investment alternatives to meet participants’ cash management needs.

For more information, visit the ISJIT Web site, www.isjit.org.

The Association receives sponsorship revenues from the administrator that provides this program. These benefits fund IASB member programs and services.

Iowa School Cash Anticipation Program (ISCAP)

ISCAP 2012 Series ONE Informational Webinar (recorded Apr. 4, 2012)

ISCAP 2012 Series ONE PPT Slides

The Iowa School Cash Anticipation Program (ISCAP) allows Iowa school corporations to pool their temporary cash flow management needs in a safe, cost-effective program. Temporary cash flow deficits happen for a variety of reasons, including uneven distribution of property tax collections. ISCAP allows schools to cooperatively issue warrant certificates to finance cash flow deficits until revenues from property taxes and state foundation aid are received. When ISCAP funds are not being used, they are invested in a guaranteed investment contract. Earnings from this investment help offset the costs of the program for each participant.

Governed by a representative board of directors, ISCAP is shown to be consistently secure and cost-effective for schools as well as attractive to investors. More than 240 school corporations participate in ISCAP.

For more information, visit the ISCAP Web site, www.iscap.org.

The Association receives sponsorship revenues from the administrator that provides this program. These benefits fund IASB member programs and services.