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<br /> I . <br /> . <br /> I. CITY OF ARDEN HILLS DRAFT <br /> INVESTMENT POLICY <br /> I <br /> Policv: <br /> I 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 /> I meeting the daily cash flow requirements of the City and conforming to all state and local <br /> statutes governing investments of public funds. <br /> I Scone: <br /> This investment policy applies to all fmancial assets of the City. These funds are <br /> I accounted for in the City's Annual Financial Report and include: l. <br /> Funds: <br /> I General Fund <br /> I Special Revenue Funds <br /> Debt Service Funds <br /> Capital Projects Funds <br /> I- Enterprise Funds <br /> Obiective: <br /> I The primary objectives, in priority order, of the City's investment activities shall be: <br /> I 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 /> I 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 /> I remaining cognizant of yield. <br /> Return on Investment: The City's investment portfolio shall be designed with the objective <br /> I 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 /> I portfolio. Through investment laddering techniques, the portfolio shall attempt to <br /> outperform the benchmark two year Treasury Note rate. <br /> I <br /> I- I <br /> I <br />