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06-20-07 FPAC Minutes
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06-20-07 FPAC Minutes
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6/24/2024 4:07:07 PM
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11/9/2007 2:19:12 PM
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06-20-07 Minutes
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Minutes
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6/20/2007
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EXHIBIT A <br /> • <br /> CITY OF MOUND INVESTMENT POLICY <br /> PURPOSE: <br /> The purpose of this investment policy is to set forth the investment and <br /> operational policies for the management of the public funds of the City of <br /> Mound. <br /> These policies are designed to ensure the prudent management of public funds, <br /> the availability of operating funds when needed and a market sensitive return on <br /> invested funds. <br /> OBJECTIVES: <br /> The investment policy of the City of Mound shall be to: <br /> 1. Assure the safety of the invested funds of the City. <br /> 2. Maintain sufficient liquidity to provide adequate and timely working funds. <br /> 3. Attain the highest possible rate of return while providing necessary protection of <br /> principal consistent with City cash flow operating requirements. <br /> 4. Match the maturity of investment instruments to the monthly cash flow <br /> requirements. <br /> 5. Diversify investments as to maturity, instruments, and financial institutions where <br /> permitted under State Law. <br /> 6. Maintain a buy to hold investment philosophy with the ability to sell before <br /> maturity if the move is in the interest of the preservation of the City's portfolio <br /> integrity and preservation of capital directive. <br /> 7. Avoid investment for speculation. <br /> • <br />
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