My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
16-A Investment Policy
City-of-Paris
>
City Council
>
Agenda Packets
>
2001-2010
>
2004
>
01 - January
>
2004-01-12
>
16-A Investment Policy
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
11/8/2005 11:21:23 AM
Creation date
12/16/2003 9:51:09 PM
Metadata
Fields
Template:
AGENDA
Item Number
16-A
AGENDA - Type
RESOLUTION
Description
Update Investment Policy
AGENDA - Date
1/12/2004
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
7
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
2.1.50 <br />2.1.58 <br />2.1.72 <br />2.1.73 <br />2.1.74 <br />2.1.75 <br />2.1.76 <br />2.1.77 <br />2.1.78 <br /> <br />Consolidated Payroll <br />2003 GO Refunding Bonds I & S <br />Library Memorial Fund <br />J. A. Love Trust Fund <br />J. P. Poteet Trust Fund <br />Wilbor-Deshong Trust Fund <br />Gibbs Memorial <br />Vaughan Memorial <br />Malone Love Memorial <br /> <br />2.2 Non-Consolidated Cash Funds <br /> <br />2.1.02 <br />2.1.30 <br />2.1.50 <br />2.1.54 <br />2.1.55 <br />2.1.56 <br />2.1.00 <br /> <br />Economic Development Fund <br />Community Development Grant Fund <br />Revenue Bonds Sinking Fund <br />C 0 1993 1 & S Fund <br />Tax & Revenue CO 2000 1 & S Fund <br />Tax & Revenue CO 2002 1 & S Fund <br />All Other Funds <br /> <br />3.PRUDENCE <br /> <br />Investments shall be made with judgement and care--under circumstances then prevailing--which persons <br />of prudence, discretion and intelligence exercise in the management of their own affairs, not for <br />speculation, but for investment, considering the probable safety of their capital as well as the probable <br />income to be derived. <br /> <br />3.1 The standard of prudence to be used by investment officials shall be the "prudent person" <br />standard and shall be applied in the context of managing an overall portfolio. Investment officers acting <br />in accordance with written procedures and the investment policy and exercising due diligence shall be <br />relieved of personal responsibility for an individual security's credit risk or market price changes, <br />provided deviations from expectations are reported in a timely fashion and appropriate action is taken to <br />control adverse developments. <br /> <br />4.0 OBJECTIVE <br /> <br />The primary objectives, in priority order, of the City's investment activities shall be: <br /> <br />4.1 SAFETY: Safety of principal is the foremost objective of the investment program. Investments of <br />the City shall be undertaken in a manner that seeks to insure the preservation of capital in the overall <br />portfolio. To attain this objective, diversification is required in order that potential losses on individual <br />securities do not exceed the income generated from the remainder of the portfolio. <br /> <br />4.2 LIQUIDITY: The City's investment portfolio will remain sufficiently liquid to enable the City to <br />meet all operating requirements which might be reasonably anticipated. <br /> <br />4.3 RETURN ON INVESTMENTS: The City's investment portfolio will be designed with the <br />objective of attaining a rate of return throughout budgetary and economic cycles, commensurate with the <br />City's investment risk constraints and the cash flow characteristics of the portfolio. <br /> <br /> <br />
The URL can be used to link to this page
Your browser does not support the video tag.