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INVESTMENT POL' January 2026 2.1.79 Library Expendable Fund 2.1.80 Library Permanent Fund 2.1.82 W& S Rev Bonds 2022 I&S Fund 2.1.83 W& S Rev Bonds 2022 Construction Fund 2.1.85GO Bonds 2023 I&S Fund 2.1.86 TIRZ Fund 2.1.87 Tax & Rev CO 2024 Construction Fund 2.1.88 Tax & Rev CO 2024 I&S Fund 2.2 Non -Consolidated Cash Funds 2.2.00 All Other Funds 2.2.02 Economic Development Fund 2.2.03 Texas CLASS Investment Pool 2.2.04 LOGIC Investment Pool 3.0 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 to meet all operating requirements which might be reasonably anticipated. 4.3 RETURN ON INVESTMENTS: The City's investment portfolio will be designed with the objective of attaining a rate of return throughout budgetary and economic cycles, commensurate with the City's investment risk constraints and the cash flow characteristics of the portfolio. n