N.J. Admin. Code § 8:31B-4.18

Current through Register Vol. 56, No. 11, June 3, 2024

Section 8:31B-4.18 - Pooled investments

(a) Investments of various funds may be pooled by the hospital unless prohibited by law or the terms of a donation or grant. Gains/losses and investment income on pooled investments must be distributed to participating funds on a basis utilizing market value at the time of pooling.

(b) Each time an addition is made to the investment pool, a new distribution basis must be calculated. This is also true for any reductions to the pool. All capital gains and losses and investment income from the beginning of the accounting period up to the date of the addition or reduction must be determined and distributed on the basis of account balances prior to the addition. Any capital gains and losses and investment income subsequent to an addition or reduction must be distributed on the new basis until another addition or reduction is made.