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These controls shall be reviewed by the City's independent auditing firm. <br /> • <br /> SAFEKEEPING AND CUSTODY: <br /> Hold all fund deposits in the appropriate accounts, and provide highly secure <br /> safekeeping of securities, to minimize risk of loss due to theft, fire, or accident. <br /> To protect against potential fraud and embezzlement, the cash and investments of the <br /> city shall be secured through third-party custody, when appropriate. Investment officials <br /> shall be bonded. <br /> ORDER EXECUTION AND BROKER/DEALER ASSOCIATION: <br /> The following guidelines will be utilized. <br /> 1. Before doing business and prior to establishing an account, the City will secure a <br /> questionnaire from the specific broker/dealer which will serve to identify any <br /> potential problems of ethics and malpractice on the part of the broker/dealer. <br /> 2. Prior to doing business with any broker/dealer, the City shall receive, in writing, a <br /> statement from that broker/dealer stating that they have read the City's <br /> investment policy and will adhere to its parameters. <br /> • <br /> • <br />