Laserfiche WebLink
<br />INVESTMENT POLICY <br />Revised January 2004 <br /> <br />1.0 POLICY AND INVESTMENT STRATEGY <br /> <br />It is the policy of the City of Paris to invest public funds in a manner which will provide a resonable <br />investment return with the maximum security while meeting the daily cash flow demands ofthe entity <br />and 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 <br />flows are matched with adequate investment liquidity. The secondary objective is to create a portfolio <br />structure which will experience minimal volatility during economic cycles. This may be accomplished <br />by purchasing high quality, short to medium securities which will complement each other in a laddered <br />maturity structure. The dollar weighted average maturity target will be 365 days or less. <br /> <br />Investment strategies for debt service funds shall have as the primary objective the assurance of <br />investment liquidity adequate to cover the debt service obligation on the required payment date. <br />Securities purchased 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 <br />generate a dependable revenue stream to the appropriate debt service fund from securities with a low <br />degree of volatility. Securities should be of high quality and consistent with bond ordinance <br />requirements. Short to medium maturities generally meet these requirements. <br /> <br />Investment strategies for special projects or special purpose funds will have as their primary objective <br />to assure that anticipated cash flows are matched with adequate investment liquidity. The stated final <br />maturity dates of securities held should not exceed the estimated project or purpose completion date. <br /> <br />2.0 SCOPE <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 Consolidated Cash Funds <br /> <br />2.1.01 General Fund <br />2.1.10 Water and Sewer Fund <br />2.1.11 Capital Projects Fund <br />2.1.12 WW/SS Revenue Bond 2000 Construction Fund <br />2.1.20 Special Revenue <br />2.1.21 Child Safety Fund <br />2.1.22 Health Department <br />2.1.26 CJD Grant Fund <br />2.1.40 CO 1993 Construction Fund <br />2.1.41 Tax & Revenue CO 2000 Construction <br />2.1.42 CO Series 2002 Construction Fund <br />2.1.50 Consolidated Payroll <br /> <br />EX.KI8/f 'IT- <br />