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• <br /> SCOPE AND PURPOSE <br /> This Investment Policy Statement governs the investment portfolio(the"Portfolio")of <br /> the City of Saint Paul (the"City") including the assets of the General Fund, Special <br /> Revenue Funds, Debt Service Funds, Capital Project Funds, Enterprise Funds,Trust <br /> Funds,Agency Funds, Internal Service Funds and any new fund created by the City <br /> Council and the Mayor. <br /> This Investment Policy Statement("IPS")is intended to serve the following purposes: <br /> A. Provide written documentation of expectations regarding the investment of City <br /> assets. <br /> B. Reflect investment objectives, guidelines and standards that are consistent with the <br /> financial objectives of various City funds. <br /> . C. Define and assign responsibilities for investment decisions and actions. <br /> D. Establish criteria and benchmarks for the ongoing evaluation of performance results <br /> and policy compliance. <br /> E. Establish a framework for review and revision of investment policies as warranted by <br /> changing circumstances. <br /> This policy supercedes all previous City investment policies and shall be reviewed on an <br /> annual basis by the Director of the Office of Financial Services. Any significant <br /> revisions shall be approved by the City Council and the Mayor. Any exceptions to this <br /> policy must be approved prior to trade execution by the Director of the Office of <br /> Financial Services, and reported to the Mayor and City Council. <br /> • 2 <br />