Laserfiche WebLink
City of Santa - Annual <br />Statement of Investment Policy July 1, 2022 - <br />June 30, 2023 Page 1 <br />CITY OF SANTA ANA <br />ANNUAL STATEMENT OF INVESTMENT POLICY <br />JULY 1, 2022 – JUNE 30, 2023 <br /> <br /> <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 /> <br />1.0 POLICY <br /> <br />The policy of the City of Santa Ana is to invest idle or unexpended funds within the scope of <br />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 for <br />investment of public funds. In instances in which this policy is more restrictive than Federal <br />or State law, this policy shall be controlling. <br /> <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 City <br />given current conditions. <br /> <br />2.0 SCOPE <br /> <br />2.1 Applicability of Investment Policy <br />This investment policy applies to all funds and investment transactions of the City. <br />These funds are accounted for in the Annual Comprehensive Financial Report <br />(ACFR), 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