08 - City Investment Policy - Laserfiche WebLink

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2.1.39 Equitable Sharing Forfeitures 2.1.43 GO Bonds 2013 Construction Fund 2.1.44 GO Bonds 2016 Construction Fund 2.1.45 Sanitation Fund 2.1.46 GO Bonds 2017 Construction Fund 2.1.47 GO Bonds 2018 Construction Fund 2.1.50 W&S Revenue Bond Reserve Fund 2.1.51 TWDB I & S Fund 2.1.53 2010 Tax & Revenue I&S Fund 2.1.59 2010 GO/W&S Refunding Bonds I&S Fund 2.1.60 2012 GO Refunding Bonds I&S Fund 2.1.61 Interlocal Cooperative Agreement I&S Fund 2.1.62 GO Bonds 2013 I&S Fund 2.1.63 GO Bonds 2016 I&S Fund 2.1.64 GO Bonds 2017 I&S Fund 2.1.65 GO Bonds 2018 I&S Fund 2.1.72 Library Memorial Fund 2.1.79 Library Expendable Fund 2.1.80 Library Permanent Fund 2.1.85 Consolidated Payroll 2.2 Non -Consolidated Cash Funds 2.1.00 All Other Funds 2.1.02 Economic Development Fund 2.1.03 TexPool 2.1.04 LOGIC Investment Pool 3. PRUDENCE Investments shall be made with judgment and care --under circumstances then prevailing --which persons of prudence, discretion and intelligence exercise in the management of their own affairs, not for speculation, but for investment, considering the probable safety of their capital as well as the probable income to be derived. 3.1 The standard of prudence to be used by investment officials shall be the "prudent person" standard and shall be applied in the context of managing an overall portfolio. Investment officers acting in accordance with written procedures and the investment policy and exercising due diligence shall be relieved of personal responsibility for an individual security's credit risk or market price changes, provided deviations from expectations are reported in a timely fashion and appropriate action is taken to control adverse developments. The governing body of the investing entity retains the ultimate responsibility as fiduciaries of the assets of the entity. 4.0 OBJECTIVE The primary objectives, in priority order, of the City's investment activities shall be: 4.1 SAFETY: Safety of principal is the foremost objective of the investment program. Investments of the City shall be undertaken in a manner that seeks to insure the preservation of capital in the overall portfolio. To attain this objective, diversification is required in order that potential losses on individual securities do not exceed the income generated from the remainder of the portfolio. 4.2 LIQUIDITY: The City's investment portfolio will remain sufficiently liquid to enable the City of meet all operating requirements which might be reasonably anticipated. 4.3 RETURN ON INVESTMENTS: The City's investment portfolio will be designed with the