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<br /> <br /> <br /> <br /> <br /> <br /> INVESTMENT POLICY <br /> January 2011 <br /> <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 the highest <br /> investment return with the maximum security while meeting the daily cash flow demands of the entity and <br /> 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 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 /> <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 /> <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 /> <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 /> 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 /> 2.1.13 Equipment Replacement Fund <br /> 2.1.14 CO 2010 Construction Fund <br /> 2.1.20 Special Revenue <br /> 2.1.21 Child Safety Fund <br /> 2.1.22 Health Department <br /> 2.1.25 Grant Fund <br /> 2.1.27 Water Contract Fund <br /> 2.1.30 Community Development Fund <br /> 2.1.31 Home Buyer's Assistance Fund <br /> 2.1.32 Owner Occupied Housing Fund <br /> 2.1.33 Municipal Court Technology Fund <br /> 2.1.34 Municipal Court Security Fund <br /> 2.1.35 Municipal Court Child Safety Fund <br /> 2.1.36 Municipal Court Time Payment Fund <br /> <br /> EXHIBITA 36 <br />