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<br />CITY OJ!' SANTA AHA <br />ST~ OF INVBSTMI!2I'J' POLICY <br />JULY 2008/2009 <br /> <br />IN'1'ROIlt1C'UON : <br /> <br />This statement is <br />investment of idle <br />investments while <br />Management Program. <br /> <br />intended ::0 <br />Ci ty funds by <br />maximizing the <br /> <br />outline the policies <br />providing guidelines <br />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 Treasur}' Manager only. The investment <br />policy applies to all financial assets cf 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. Band proceeds are not considered part <br />of the Fund nor subject to this Investment policy. <br /> <br />The City's Cash Management Program is desigr.ed to accurately monitor <br />and forecast expenditures and revenues, thus enabling the investment of <br />funds to the fullest extent possible. Mat'xrities are matched as close <br />as possible to coiLcide 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 safecy of pr~ncipal and sufficient <br />liquidity. <br /> <br />3. To provide an investment return within the parameters 0= this <br />Statement of Invest:ment Folicy and chs Investment Portfolio <br />Guidelines. <br /> <br />Officers and employees involved in the investment. process shall refrain <br />from personal business activity that could confli"t -.rith 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 finallc:i"l!investment positlrms that could be <br />related to t~e 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 />Attachment <br /> <br />Resolution No. 2008-045 <br />Page 3 of 10 <br />