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quarterly reporting, may be assigned to qualified persons within <br /> Treasury or within the FMSA Accounting or Administrative <br /> Services divisions as deemed appropriate by either the Director <br /> and/or Assistant Finance Director. <br /> 5.4 Qualified Persons <br /> Qualified Persons shall refer to: (1) persons holding either a <br /> California Municipal Treasurers Association, California Treasury <br /> Certificate and/or Certified California Municipal Treasurer Certificate; <br /> or an Association of Public Treasurers of the United States and <br /> Canada, Certified Public Finance Administrator Certificate, or a <br /> National Association of State Treasurers Certificate in Public <br /> Treasury Management; or (2) persons who are performing <br /> investment related duties under the guidance and direction of <br /> certificate holders. Working together, Investment Officials and <br /> Qualified Persons comprise the FMSA investment staff. <br /> 5.5 FMSA Investment Advisory Committee <br /> To provide a regular departmental forum and consultative body for <br /> evaluating investment portfolio performance and strategy, internal <br /> procedures and controls, and making recommendations to the <br /> Executive Director of FMSA, in their capacity as chief fiscal officer <br /> and City Treasurer, an FMSA Investment Advisory Committee is <br /> established. All authorized Investment Officials are de facto standing <br /> members of the FMSA Investment Advisory Committee. At the <br /> discretion of the Executive Director for FMSA, other FMSA <br /> investment staff may be authorized to serve on the committee. <br /> Meetings shall be held regularly, with the frequency determined by <br /> the Executive Director for FMSA. The FMSA Investment Advisory <br /> Committee's evaluations and recommendations are subject to <br /> approval by the Executive Director of FMSA, who serves as the <br /> committee chair. <br /> 6.0 ETHICS AND CONFLICTS OF INTEREST <br /> 6.1 Investment Officials and Officers <br /> Investment Officials, officers, and employees involved in the <br /> investment process shall refrain from personal business activities <br /> that could conflict with the proper execution and management of the <br /> investment program or impair their ability to make impartial decisions. <br /> Investment Officials, officers, and employees shall disclose any <br /> material interests in financial institutions with which they conduct <br /> business. They shall further disclose any personal financial or <br /> investment positions that could relate to the performance of the <br /> City of Santa-Annual Page 7 July 1. 2026 - <br /> Statement of Investment Policy June 30,2027 <br />