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<br /> I ~vR.ltt:iA/l <br /> CITY OF ARDEN HILLS <br /> . INVESTMENT POLICY <br /> I. Policy: <br /> I It is the policy of the City of Arden Hills (the City) to invest <br /> funds in a manner which will provide the highest investment <br /> return with the maximum security, while meeting the daily cash <br /> . flow requirements of the City and conforming to all state and <br /> local statutes governing investments of public funds. <br /> . Scone: <br /> This investment policy applies to all financial assets of the <br /> I City. These funds are accounted for in the city's Comprehensive <br /> Annual Financial Report and include: <br /> Funds: <br /> I General Fund <br /> Special Funds <br /> I Debt Service Funds <br /> Enterprise Funds <br /> Obiective: <br /> I The primary objectives, in priority order, of the City's invest- <br /> ment activities shall be: <br /> .- Safety: Safety of principal is the foremost objective of the <br /> investment program. Investments of the City shall be undertaken <br /> . in a manner that seeks to ensure the preservation of capital in <br /> the overall portfolio. To attain this objective, diversification <br /> is required in order that potential losses on individual <br /> securities do not exceed the income generated from the remainder <br /> I of the portfolio. <br /> Liquidity: The city's investment portfolio will remain <br /> I sufficiently liquid to enable the City to meet all operating <br /> requirements which might be reasonably anticipated while still <br /> recognizing the need to maximize yield. <br /> I Return on Investment: The City'S investment portfolio shall be <br /> designed with the objective of obtaining a market rate of return <br /> throughout budgetary and economic cycles, taking into account the <br /> . City's investment risk constraints and the cash flow <br /> characteristics of the portfolio. <br /> I <br /> I <br /> I- <br /> I <br />