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INVESTMENT POLICY <br />January 2023 <br />1.0 POLICY AND INVESTMENT STRATEGY <br />It is the policy of the City of Paris to invest public funds in a manner which will provide first: safety of <br />principal, second: liquidity, and third: return on investment consistent with the need for safety and liquidity, <br />fourth: meet the daily cash flow demands of the entity, and fifth: conform to all state and local statues <br />governing the investment of public funds, including but not limited to, the Public Funds Investment Act, <br />Chapter 2256, Local Government Code. <br />Investment strategies for operating funds have as their primary objective to assure that anticipated flows are <br />matched with adequate investment liquidity. The secondary objective is to create a portfolio structure which <br />will experience minimal volatility during economic cycles. 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 two years or less. <br />Investment strategies for debt service funds shall have as the primary objective the assurance of investment <br />liquidity adequate to cover the debt service obligation on the required payment date. Securities purchased <br />shall not have a stated final maturity which exceeds the debt service payment date. <br />Investment strategies for debt service reserve funds shall have as the primary objective the ability to <br />generate a dependable revenue stream to the appropriate debt service fund from securities with a low degree <br />of volatility. Securities should be of high quality and consistent with bond ordinance requirements. Short to <br />medium maturities generally meet these requirements. <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 securities held should not exceed the estimated project or purpose completion date. <br />2.0 SCOPE <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 />2.1 Consolidated Cash Funds <br />2.1.01 General Fund <br />2.1.03 Cox Field Airport Fund <br />2.1.04 American Rescue Plan Act Fund <br />2.1.05 Coronavirus Relief Fund <br />2.1.06 Tax & Rev CO 2021 Construction Fund <br />2.1.07 COP Evidence Fund <br />2.1.08 <br />COP Housing Foundation Fund <br />2.1.10 <br />Water and Sewer Fund <br />2.1.11 <br />Capital Projects Fund <br />2.1.12 <br />Main Street Events Fund <br />2.1.13 <br />Equipment Replacement Fund <br />2.1.16 <br />TWDB Loan Fund. <br />2.1.17 <br />Main Street Advisory Bd Fund <br />2.1.18 <br />Main Street BIG Fund <br />2.1.19 <br />Vacant Building Reg. Fund <br />2.1.20 <br />Mun. Ct. Local Traffic Fee Fund <br />2.1.21 <br />Child Safety Fund <br />2.1.22 <br />Local Truancy & Prevention Fund <br />2.1.23 <br />PEG Channel Fund <br />