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• (AAAm and AAm). Any pool with above-average yields or longer maturities should be <br /> further evaluated for risk. <br /> 9. Variable NAV LGIPs should be evaluated in relation to appropriate benchmarks. <br /> 10. Although ratings are not mandatory at this time, governments should seek LGIPs with the <br /> highest ratings,where possible. <br /> 11. Procedures for establishing an account,making deposits and withdrawals, and allocating <br /> interest earnings should be fully understood. There may be limits to the number of deposits <br /> and withdrawals in a month. There may also be dollar limits to deposits,withdrawals and <br /> balances. Deposits or withdrawals may require advanced notification, especially if they are <br /> large. If so, investors should be aware of the deadlines. <br /> 12. Any additional services offered by an LGIP should be considered. For example: checking, <br /> wire transfers,issuing paying agent services, setting up multiple accounts for an entity,and <br /> arbitrage accounting for bond funds. <br /> 13. Government investors should confirm that an LGIP provides regular,detailed reporting to <br /> pool participants and follows generally accepted reporting standards. <br /> References <br /> • Investing Public Funds, Second Edition, Girard Miller with M. Corinne Larson and W. Paul Zorn, <br /> GFOA, 1998 <br /> • An Elected Officials Guide to Investing,Edition, M. Corinne Larson, GFOA, 1996 <br /> • Standard&Poor's Guide to LGIPs <br /> Approved by the GFOA's Executive Board on March 2,2007. <br /> • <br /> • <br />