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• X. Policy Considerations <br /> 1. Exemption <br /> Any investment currently held that does not meet the guidelines of this policy shall be <br /> exempted from the requirements of this policy. At maturity or liquidation, such monies <br /> shall be reinvested only as provided by this policy. <br /> 2. Amendments <br /> This policy shall be reviewed on an annual basis. Any changes must be approved by <br /> the investment officer and any other appropriate authority, as well as the individuals <br /> charged with maintaining internal controls. <br /> XI. Approval of Investment Policy <br /> The investment policy shall be formally approved and adopted by the governing body of <br /> the City and reviewed annually. <br /> XII. List of Attachments <br /> The following documents, as applicable, are attached to this policy: <br /> • • Listing of authorized personnel, see Annual Appointing Resolution <br /> • Relevant investment statutes and ordinances, see MN Statutes, Chapter 118A <br /> • Listing of authorized broker/dealers and financial institutions, see Annual <br /> Appointing Resolution <br /> • Internal Controls see Section VI of the draft investment policy <br /> • <br />