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CITY OF SANTA ANA <br /> STATEMENT OF INVESTMENT POLICY <br /> JULY 2010/2011 <br /> INTRODUCTION: <br /> <br /> This statement is intended to outline the policies for prudent investment of idle City funds by <br /> providing guidelines for suitable investments while maximizing the efficiency of the City's Cash <br /> Management Program. <br /> Under the direction of the Executive Director, Finance and Management Services, the <br /> responsibility for the day to day investment of the City's funds is delegated to the Treasury ~I <br /> Manager only. The investment policy applies to all financial assets of the city and are pooled in <br /> an actively managed portfolio. The investment pool or portfolio will be referred to as the "Fund" <br /> <br /> throughout this document. Bond proceeds shall be invested in accordance with requirements <br /> and restrictions outlined in the bond documents. Bond proceeds are not considered part of the <br /> Fund nor subject to this Investment Policy. <br /> The City's Cash Management Program is designed to accurately monitor and forecast <br /> expenditures and revenues, thus enabling the investment of funds to the fullest extent possible. <br /> Maturities are matched as close as possible to coincide with cash requirements. <br /> The investment policies and practices of the City of Santa Ana are based upon Federal, State <br /> and Local law and prudent money management. The primary goals of these policies are: <br /> 1. To assure compliance with all Federal, State and Local laws governing the <br /> investment of monies. <br /> 2. To provide for the safety of principal and sufficient liquidity. <br /> 3. To provide an investment return within the parameters of this Statement of Investment <br /> Policy and the Investment Portfolio Guidelines. <br /> Officers and employees involved in the investment process shall refrain from personal business <br /> activity that could conflict with the proper execution and management of the investment program, <br /> or that could impair their ability to make impartial decisions. Employees and investment officials <br /> shall disclose any material interests in financial institutions with which they conduct business. <br /> <br /> They shall further disclose any personal financial/investment positions that could be related to <br /> <br /> the performance of the investment portfolio. Employees and officers shall refrain from <br /> undertaking personal investment transactions with the same individual with whom business is <br /> conducted on behalf of their entity. <br /> <br /> OBJECTIVES: <br /> 1. SAFETY OF PRINCIPAL -Safety of principal is the foremost objective of the City of <br /> Santa Ana. Each investment transaction shall be undertaken in a manner that seeks to <br /> 55B-5 <br /> <br />