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EN HILLS <br /> • <br /> MEMORANDUM <br /> DATE: April 10, 2009 <br /> TO: Financial Planning and Analysis Committee <br /> FROM: Sue Iverson, Finance Director <br /> Joe Rueb, Accounting Analyst <br /> SUBJECT: Policy Discussions—Investment and Arbitrage/Post Issuance <br /> Compliance <br /> • Annually, the City Investment Policy should be reviewed. We have provided a copy of the Investment <br /> Policy. At the February 4, 2009 meeting, Lynn Cornwell, from Wells Fargo Brokerage Services, LLC, <br /> recommended some changes for us to consider. The committee should review the Investment Policy and <br /> discuss any changes we wish to make for recommendation to the City Council. <br /> At the March 13, 2009 meeting, Gail Robertson from Ehlers &Associates, Inc. presented sample policies <br /> to show how our policies should be developed. The City has never had a policy on Arbitrage or Post <br /> Issuance Compliance in the past and one needs to be established in order to be compliant. Staff will bring <br /> a sample policy to the meeting for discussion. <br />