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CITY OF SANTA ANA <br />ANNUAL STATEMENT OF INVESTMENT POLICY <br />JULY 2015 <br />INTRODUCTION: <br />This statement is intended to outline the policies for prudent investment of idle City funds by <br />providing guidelines for suitable investments effective for fiscal year 2015 -16 while maximizing <br />the efficiency of the City's Cash Management Program. <br />Under the direction of the Executive Director, Finance and Management Services / City <br />Treasurer, the responsibility for the day -to -day investment of the City's funds is delegated to the <br />Treasury and Customer Services Manager and /or Assistant Finance Director only. The <br />investment policy applies to all financial assets of the City which are pooled in an actively <br />managed portfolio. The investment pool or portfolio will be referred to as the "Fund" throughout <br />this document. <br />Bond proceeds shall be invested in accordance with requirements and restrictions outlined in the <br />bond documents. Bond proceeds are not considered part of the Fund nor subject to this <br />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 investment <br />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. <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 />They shall further disclose any personal financial /investment positions that could be related to <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 the City. <br />Exhibit 2 <br />