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<br />. . <br />.. CITY OF ARDEN HILLS DRAFT <br /> INVESTMENT POLICY <br />. Policv: <br />. It is the policy of the City of Arden Hills (the City) to invest funds in a manner which will <br /> provide the highest investment return consistent with the maximum security, while <br />. meeting the daily cash flow requirements of the City and conforming to all state and local <br /> statutes governing investments of public funds. <br />. Scope: <br /> This investment policy applies to all fmancial assets of the City. These funds are <br />. accounted for in the City's Annual Financial Report and include: r. <br /> Funds: <br />. General Fund <br /> Special Revenue Funds <br />. Debt Service Funds <br /> Capital Projects Funds <br />.- Enterprise Funds <br /> Objective: <br />. The primary objectives, in priority order, of the City's investment activities shall be: <br />. Safety: Safety of principal is the foremost objective of the investment program. <br /> Investments of the City shall be undertaken in a manner that seeks to ensure the <br /> preservation of capital in the overall portfolio. <br />. Liquidity: The City's investment portfolio will remain sufficiently liquid to enable the <br /> City to meet all operating requirements which might be reasonably anticipated while still <br />. remaining cognizant of yield. <br /> Return on Investment: The City's investment portfolio shall be designed with the objective <br />. of obtaining a market rate of return throughout budgetary and economic cycles, taking into <br /> account the City's investment risk constraints and the cash flow characteristics of the <br /> portfolio. Through investment laddering techniques, the portfolio shall attempt to <br />. outperform the benchmark two year Treasury Note rate. <br />. <br />.- I <br />. <br />