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<br />. <br /> <br />. <br /> <br />CITY OF SANTA ANA <br />STATEMENT OF INVESTMENT POLICY <br />JULY 2004/2005 <br /> <br />INTRODUCTION: <br /> <br />This statement is <br />investment of idle <br />investments while <br />Management Program. <br /> <br />intended to outline the policies <br />City funds by providing guidelines <br />maximizing the efficiency of the <br /> <br />for prudent <br />for suitable <br />City's Cash <br /> <br />Under the direction of the Executive Director, 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 financial 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 <br />shall be invested in accordance with requirements and restrictions <br />outlined in the bond documents. Bond proceeds are not considered part <br />of the Fund 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 <br />based upon Federal, State and Local law and prudent <br />The primary goals of these policies are: <br /> <br />1. To assure compliance with all Federal, State and Local <br />laws governing the investment of monies. <br /> <br />of Santa Ana are <br />money management. <br /> <br />2. To provide <br />liquidi ty. <br /> <br />for <br /> <br />the <br /> <br />safety <br /> <br />of <br /> <br />principal <br /> <br />and <br /> <br />sufficient <br /> <br />3. To provide an investment <br />Statement of Investment <br />Guidelines. <br /> <br />return within the parameters of this <br />Policy and the Investment Portfolio <br /> <br />Officers and employees involved in the investment process shall refrain <br />from personal business activity that could conflict with the proper <br />execution and management of the investment program, or that could <br />impair their ability to make impartial decisions. Employees and <br />investment officials shall disclose any material interests in financial <br />institutions with which they conduct business. They shall further <br />disclose any personal financial/investment positions that could be <br />related to the performance of the investment portfolio. Employees and <br />officers shall refrain from undertaking personal investment <br />transactions with the same individual with whom business is conducted <br />on behalf of their entity. <br /> <br /> <br />