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• 8. INVESTMENT OBJECTIVES <br /> The preservation of principal shall be the paramount objective of the investment program <br /> of the City of _. Investments shall be selected in a manner that will attempt to ensure the <br /> safety of the City's capital. This will be accomplished through a program of diversification and <br /> maturity limitations for each individual pool or fund of investments. These limitations will be <br /> determined by the Finance Director and the investment advisory committee and will be kept on <br /> file with the Finance Director. Proceeds from the issuance of tax-exempt debt securities shall be <br /> invested, recorded and reported in the manner set forth by the U.S. Treasury Department and the <br /> Internal Revenue Service so as to preserve the tax-exempt status of the debt securities. <br /> 9. QUARTERLY REPORTING AND REVIEW <br /> This investment policy, the schedule of diversification and maturity limitations by pool or <br /> group of investable funds, authorized broker-dealers, authorized investments and all other aspects <br /> of this investment policy will be reviewed on a quarterly basis. The reporting method chosen to <br /> report interest rate sensitivity in a manner consistent with the portfolio's risk guidelines is <br /> segmented time distibutions (or chosen method). The Finance Director shall prepare by the 20th of <br /> the month following the end of each calendar quarter, a report of investments held, investment <br /> activity and projected portfolio investment returns. The Finance Director and the investment <br /> • advisory committee made up of the City Manager, Assistant City Manager and the Assistant <br /> Finance Director, will review the information and make any proposed modifications. The <br /> scheduled quarterly process shall not inhibit desirable modifications to the policy at other times <br /> during the year. <br /> 2007 Investment Policy <br /> 7 <br />