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<br /> --..----- ---------- <br /> . <br /> CITY OF ARDEN HILLS I <br /> -. <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 financial assets of the City. These funds are <br /> accounted for in the City's Annual Financial Report and include: . <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: I <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 I <br /> City to meet all operating requirements which might be reasonably anticipated while stilI I <br /> remaining cognizant of yield. <br /> Return on Investment: The City's investment portfolio shall be designed with the objective I <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 I <br /> outperform the benclunark two year Treasury Note rate. <br /> I <br /> I -. <br /> I <br />