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CITY OF SANTA ANA <br />STATEMENT OF INVESTMENT POLICY <br />NLY 2006/2007 <br />INTRODUCTION: <br />This statement is intended to outline the policies for prudent <br />investment of idle City funds by providing guidelines for suitable <br />investments while maximizing the efficiency of the City's Cash <br />Management Program. <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 />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 />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 />1. To assure compliance with all Federal, State and Local <br />laws governing the investment of monies. <br />2. To provide for the safety of principal and sufficient <br />liquidity. <br />3. To provide an investment return within the parameters of this <br />Statement of Investment Policy and the Investment Portfolio <br />Guidelines. <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 />19C-3 <br />