03 Prelim. Official Statement - Laserfiche WebLink

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Investment strategies for debt service reserve funds shall have as the pdmary objective the ability to generate a dependable revenue stream to the appropriate debt service fund from securities with a Iow degree of volatility. Securities should be of high quality and consistent with bond ordinance requirements. Short to medium maturities generally meet these requirements. Investment strategies for special projects or specie[ purpose funds will have as their primary objective to assure that anticipated cash flows are matched with adequate investment liquidity. The stated final maturity dates of securities held should not exceed the estimated project or purpose completion date. Investment Reports Not less than quarterly, the investment officer shall prepare and submit to the governing body of the entity a written report of investment transactions for all funds for the preceding reporting period. The report must: (1) describe in detail the investment position of the entity on the date of the report; (2) be prepared jointly by all investment officers of the entity; (3) be signed by each investment officer of the entity; (4) contain a summary of each pooled fund group that states the: beginning market value for the reporting period; additions and changes to the market value dudng the pedod; and ending market value for the pedod; (5) state the book value and market value separately of each invested asset at the beginning and end of the reporting pedod by the type of asset and fund type invested; (6) state the maturity date of each separately invested asset that has a maturity date; (7) state the account or fund or pooled group fund for which each individual investment was acquired; and (8) state the compliance of the investment portfolio government as it relates to: (al the investment strategy expressed in the investment policy; and (bi relevant provisions of the state law. The report shall be presented not less than quarterly to the governing body and the chief executive officer of the entity within a reasonable time after the end of the period. Authorized I Suitable Investments The City is empowered by statute to invest in the Types of securities authorized by Chapter 2256 of the Government Code. Current Investments As of June 30, 2001, the Issuer's funds were invested as shown on the following page. State law does not require the Issuer to periodically mark its investments to market price, and the Issuer does not do so, other than annually upon the conclusion of each fiscal year, for the purpose of compliance with applicable accounting policies concerning the contents of the Issuer's audited financial statements. Given the nature of its investments, the Issuer does not believe that the market value of its investments differ materially from book value. The Issuer's Current Investments as of June 30, 2001 are as follows: Fund and Investment Type Certificate of Obliqation 1993 Interest & Sinking Fund Federal National Mortgage Association General Fund Account Federal National Mortgage Association Federal Home Loan Mortgage Corporation Government National Mortgage Association Interest & Sinking Fund 1997 Federal National Mortgage Association Pat Mayse Dam Reserve Fund Federal Home Loan Mortgage Corporation Federal National Mortgage Association Government National Mortgage Association Federal Home Loan Bank Refundinq Bonds interest & Sinkinq Fund Federal National Mortgage Association Tax & Revenue CO's 2000 Interest & Sinkinq Fund Federal National Mortgage Association Percentage Amount of Portfolio 195,000.00 1.19% 566,328.53 3.45% 143,208.08 0.87% 423,997.48 2.59% 258,000.00 1.57% 1,647,933.90 10.05% 172,387.44 1.05% 937.39 0.01% 25,427.90 0.16% 370,000.00 2.26% 299,000.00 1.82% 13