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CITY OF SARTA ANA STATEMENT OF INVESTMENT POLICY <br />JULY 2003-2004 <br /> <br />Under the provisions of Section 53646 of 5he Government code., the <br />Executive Director, Finance and Management Servicea shall render a <br />report to th~ City Co.ancil, City Manager, and the internal auditor <br />containing detailed information on all securities, investn~nts, and <br />~neys of the City. The report will be submitted o~. at ]east a <br />quarterly basis and provided to the Council within 30 days ~oliowing <br />the end of th~ quarter. <br /> <br />The report will contain the following information on the funds that <br />are subject to ~h~s investment policy: 1) the type of investment. <br />name of the issuer, date of maturity, par and cost in each <br />investment, 2) the weighted average maturity of the investments, 3) <br />any investments, including loans and security lending programs, that <br />are under the management of con,ratted parties, 4) the market value <br />and source of the valuation, 5) a description o~ the compliance <br />with the atatemen~ of inves~men~ policy~ and 6) a statement <br />deno~ing ~he City's ability tc meet its pool's expenditure <br />requirements ~or the next six months. <br /> <br />This investment policy shall be reviewed at least a~mually to ensure <br />its consistency wi=h ~he overall objectives of preservation of <br />PRINCIPAL, LIQUIDITY, AND YIELD and its r~levance to current law, <br />financial and economic trends, and to meet the ~eeds of the City of <br />Santa oma <br /> <br />Finance & Management Servicee Agency <br /> <br />Resolution No. 2003-056 <br /> Page 11 of 11 <br /> <br /> <br />