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CITY OF SANTA ANA <br />ANNUAL STATEMENT OF INVESTMENT POLICY <br />JULY 2020 <br />INTRODUCTION: The purpose of this Statement of Investment Policy is intended to provide <br />specific criteria for the prudent investment of City of Santa Ana (City) funds and to set <br />investment objectives, policies, establish guidelines, and define responsibilities for the <br />investment of idle or unexpended funds for the City. The ultimate investment goal is to <br />enhance the economic status of the City while protecting funds under management and <br />meeting the daily cash flow demands of the City. <br />1.0 POLICY <br />The policy of the City of Santa Ana is to invest idle or unexpended funds within the scope <br />of this investment policy in a prudent and suitable manner that will provide, within the <br />parameters of this investment policy, the highest reasonable investment return relative to <br />the risk being assumed while maintaining maximum security and meeting all cash flow <br />demands. This policy is intended to comply with Federal law and the Code of California <br />for investment of public funds. In instances in which this policy is more restrictive than <br />Federal or State law, this policy shall be controlling. <br />This policy is fixed and general in nature; it defines authorized investments and guides the <br />investment decisions and security selection process. The City's Investment policy will be <br />regularly reviewed and adjusted to create an investment portfolio that is suitable for the <br />City given current conditions. <br />2.0 SCOPE <br />2.1 Applicability of Investment Policy <br />This investment policy applies to all funds and investment transactions of the <br />City. These funds are accounted for in the Comprehensive Annual Financial <br />Report (CAFR), which includes the following: <br />• General Fund <br />• Special Revenue Funds <br />• Capital Projects Funds (includes restricted bond proceeds) <br />• Enterprise Funds (includes restricted bond proceeds) <br />• Trust and Agency Funds <br />• Internal Service Funds <br />• Any new fund created by the City of Santa Ana, unless specifically <br />exempted <br />City of Santa - Annual Page 1 July 1, 2020 - <br />Statement of Investment Policy June 30, 2021 <br />55A-7 <br />