08 - City Investment Policy - Laserfiche WebLink

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IN vEs,rM ENT POLICY January 2 018 1.0 POLICY AND M/ESTMENTSTRATEGY It is the policy of the, City off"aris to invest public funds in a manner which will provide first: safety of principal, second: liquidity, and third: return on investmentconsistent with the need forsafety and liquidity, fourth: meet the daily cash flow demands of the entity, and fifth: confort-n to all state and local statues governing the investment of` public funds, including but not limited to, the Public Funds Investment Act, Chapter 2256, Local Government Code. Investment strategies for operating funds have as their primary objective to assure that anticipated flows are niatched,A,itliadequate itiN�estiiiciitliqui(lit3,. The secondary objective is to create a portfolio structure which will experience minimal volatility during economic cycles. 'This may be accomplished by purchasing high quality, short tar medium securities which will complement each other in a laddered maturity structure. Tile dollar weighted average maturity target will be two years or less. Investment strategies fair debt service funds shall have as the primary objective the assurance of investment liquidity adequate to cover the debt service obligation on the required payment date. Securities purchased shall not have a stated final maturity which exceeds the debt service payment date. investment strategies, for debt service reserve funds shall have as the primary objective the ability to, generate a dependable revenue strearn to the appropriate debt service fund from securities with a low degree of volatility. Securities should be of high quality and consistentwith bond ordinance requirements. Short to medium maturities generally meet these requirements, investment strategies for special projects or special purpose funds will have as their primary objective to assure that anticipated cash flows are matched with adequate investment liquidity. The stated final maturity dates of securities field should not exceed the estimated project or purpose completion (late, 2.0 SCOPE' This investment policy applies to the funds listed below. These funds are accounted for in the City's Comprehensive Annual Financial Report. 2.1 Consolidated Cash Funds 11.01 General Fund 2.1.10 Water and Sewer Fund 2.1.11 Capital Projects Fund 2.1.13 Equipment Replacement Fund 2.1.14 CO 2010 Construction Fund 2.1.16 T'V' DB Loan Fund 2.1.21 Child Safety Fund 2.1.23 PEG Channel Fund 2.1.24 Lake Crook Park Restoration Fund 2.1.25 Grant Fund 2.1.27 Water Contract Fund 2.1.28 Parks Donations 2.1.30 Community Development Fund 2.1.31 Home Buyer's Assistance Fund 2.1.32 Owner Occupied Housing Fund 2.1.33 Municipal Court Technology Fund 2.1.34 Municipal Court Security Fund 2-1.35 Municipal Court Child Safety Fund 2.1.36 Municipal Court Time Payment Fund