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<br />CITY OF SANTA ANA <br />STATEMENT OF INVESTMENT POLICY <br />JULY 2005-2006 <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 <br />investment policy applies to all financial assets of the city and are <br />pooled in an actively managed portfolio. The investment pool or <br />portfolio will be referred to as the "Fund" throughout this document. <br />Bond proceeds shall be invested in accordance with requirements and <br />restrictions outlined in the bond documents. Bond proceeds are not <br />considered part 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 <br />of funds to the fullest extent possible. Maturities are matched as <br />close as possible to coincide with cash requirements. <br /> <br />The investment policies and practices of the City of Santa Ana are <br />based upon Federal, State and Local law and prudent money management. <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 />2. To provide for the safety of principal and sufficient <br />liquidity. <br /> <br />3. To provide an investment return wi thin the parameters of <br />this Statement of Investment Policy and the Investment <br />Portfolio 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 management of the investment program, or that <br />could impair 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. They shall <br />further disclose any personal financial/investment positions that <br />could be related to the performance of the investment portfolio. <br />Employees and officers shall refrain from undertaking personal <br />investment transactions with the same individual with whom business <br />is conducted on behalf of their entity. <br /> <br />f9B-5 <br /> <br />