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<br />INVESTMENT POLICY <br /> <br />1.0 POLICY AND INVESTMENT STRATEGY <br /> <br />. . <br />It is the policy of the City of Paris to invest public funds in a manner which will provide the highest <br />investment return with the maximum security while meeting the daily cash flow demands of the entity and <br />conforming to all state and local statutes governing the investment of public funds. . <br /> <br />Investment strategies for operating funds have as their primary objective to assure that anticipated flows are <br />matched with adequate investment liquidity. The seeondary objeetive is to create a portfolio strueture whieh <br />will experienee minimal volatility during eeonomic eyeles. This may be accomplished by purchasing high <br />quality, short to medium securities which will complement each other in a laddered maturity structure. The <br />dollar weighted average maturity target will be 365 days or less. <br /> <br />Investment strategies for debt serviee funds shall have as the primary objective the assurance of investment <br />liquidity adequate to cover the debt service obligation on the rcquired payment date. Securities purchased <br />shall not have a stated final maturity which exceeds the debt service payment date. <br /> <br />Investment strategies for debt service reserve funds shall have as the primary objective the ability to generate <br />a dependable revenue stream to the appropriate debt service fund from securities with a low degree of <br />volatility. Securities should be of high quality and consistent with bond ordinance requirements. Short to <br />medium maturities generally meet these requirements. <br /> <br />Investment strategies for special projects or special purpose funds will have as their primary objective to <br />assure that anticipated cash flows are matched with adequate investment liquidity. The stated final maturity <br />dates of seeurities held should not exceed the estimated project or purpose completion date. <br /> <br />2.0 SCOPE <br /> <br />J <br /> <br />This investment policy applies to the funds listed below. These funds are accounted for in the City's <br />Comprehensive Annual Financial Report. <br /> <br />2.1 Funds <br /> <br />2.1.1. <br />2.1.2 <br />2.1.3 <br />2.1.4 <br />2.1.5 <br />2.1.6 <br />2.1.7 <br />2.1.8 <br />2.1.9 <br />2.1.1 0 <br />2.1.1 I <br />2.1.12 <br /> <br />, <br /> <br />General Funds <br />Water and Sewer Fund <br />Capital Projects Fund <br />Library Construction Fund <br />Water Revenue Construetion Fund <br />Water Construction Fund Series 1997 <br />Child Safety Fund <br />cm Grant Furd <br />CO 1993 Construction Fund <br />. Solid Waste Bond Construction Fund <br />Employee's Insurance Fund <br />Library Memorial Fund <br /> <br />. <br /> <br />-......... <br /> <br />-...F- <br /> <br />,EXHIBiT A <br />