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CITY OF SANTA ANA <br />BTATEME~T OF INVESTMENT POLIC~ <br />J~LY 2003-20.04 <br /> <br />This statement is intended to outline the policies for prudent <br />investment of Jd]e City funds by providing guidelines for suitable <br />investments while maximizing the efficiency of the City's Cash <br />Management Program. <br /> <br />Under the direction of the Executive Direenor, Finance and Management <br />Services, the responsibility for the day 'to day investment of the <br />City's funds is delegated to the Treasury Manager only. The investment <br />policy applies to all ~inancial assets of the city and are pooled in an <br />actively managed portfolio. The investment pool or portfolio will be <br />referred to as the "Fund" throughout this document, Bond proceeds shall <br />be invested in accordance with reqairements and restrictions outlined <br />ill the bond documents. Bond proceeds are not considered part of the <br />F~nd nor subject to this Investment Policy. <br /> <br />The City's Cash Management Program is designed to accurately monitor <br />and forecast expenditures and revenues, thus enabling the investment of <br />funds to the fullest extent possible. Maturities are matched as close <br />as possible to coincide with cash requirements. <br /> <br />The investment policies and practices of the City of Santa Asa are <br />based upon Federal, State a~d Local ]aw and p~dent money management. <br />The primary goals of these policies are: <br /> <br /> 1. To assure compliance with all Federal, ~tate and I~cal <br /> laws governing the investment of monies. <br /> <br /> 2. To provide for the safety of principal and sufficient <br /> liquidity. <br /> <br /> 3. TO provide an investment retura within the paIameters of this <br /> Statemmnt of Investment Policy and the Investment Portfolio <br /> Guidelines. <br /> <br />Officers and employees involved in the investment process shall <br />refrain from personal business activity that could conflict with the <br />proper execution and mauagement of the investment program, or the= <br />could i~pa]r their ability to make impartial decisions, Employees <br />and investment officials shall disclose any material interests in <br />financial institutions with which they conduct business. ~ey shall <br />further disclose a~ personal financial/investment positions that <br />could be related to the performance of the investmenc portfolio. <br />Employees and officers shall refrain from ,~dertaking personal <br />investment transactions with the same individual with whom business <br />is conducted on behalf of their entity. <br /> <br />Resolution No. 2003-056 <br />Page 4 of 11 <br /> <br /> <br />