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The material /nthis following section /sbased on longstandingCity policies and practices, and recommendations developed by the National Advisory Council on State and Local Budgeting whose founding rne/nbecS include the International City and County Managers Association //CMALGovernment Finance Officers Association (<SFOA)and Co/iforn/aSociety nfMunicipal Finance Officers /CS&4FOV. The objective of the Investment Policy is to outline the City's investment guidelines, rules, and practices. The primary goals of the City's Investment Policy are: • To aS6un2 compliance with all federal, state, and local laws governing investment of rnVm8s. • To provide the safety ofprincipal and sufficient liquidity. • To provide an investment return within the parameters of the Statement of Investment Policy and Investment Portfolio guidelines, The Po||q/ applies LV all financial assets of the City, with the exception of Bond Proceeds. Finance and Management Services Agency Treasury and Customer Service staff continually analyze the portfolio and act to maximize earnings while safeguarding assets and maintaining On an annual basis, Treasury staff conducts an evaluation of the City's Policy document to determine compliance and applicable Federal and State regulations and with industry standards and best practices todetermine ifany enhancements ornewly adopted rules and regulations are required to be incorporated within the document. Based on these regular staff evaluations period updates and revisions to the investment policy may be The following are general objectives that this policy intends to accomplish: • Ensure that all debt issuance is in alignment with the [kvs Strategic Plan goals & objectives aswell aSthe City's Capital Improvement Plan w Determine appropriate use ofdebt financing & the purpose ufthe debt; m Establish parameters and specific limits for issuing debt; • identify financing options X/types ofdebt that may beissued; • Ensure cost-effective borrowing by minimizing debt service and issuance costs; w Ensure compliance with applicable state and federal |avvs| p Ensure full and timely repayment ofdebt service; and • Maintain full and complete financial disclosure and reporting of debt.