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.ten <br /> City of St. Louis Park updatti5 • <br /> Investment Policy <br /> June 5, 2000• <br /> Resolution #00-074 <br /> POLICY <br /> It is the policy of the City of St. Louis Park to establish guidelines for the investment of <br /> all public funds. This policy is designed to ensure the prudent management of public <br /> funds, the availability of operating and capital funds when needed and providing the <br /> highest investment return with maximum security and minimum risk. <br /> SCOPE <br /> This policy applies to all financial assets of the City of St. Louis Park. While <br /> separate investment funds are created to accommodate reporting on certain <br /> bonded indebtedness, individual investments are purchased using a pooled <br /> approach for efficiency and maximum investment opportunity. The City's funds <br /> are defined in the City's Comprehensive Annual Financial Report and include: <br /> • General Fund; <br /> • Special Revenue Funds; <br /> • • Debt Service Funds; <br /> • Capital Project Funds; <br /> • Enterprise Funds; <br /> • Trust and Agency Funds <br /> • Any new funds created by the City. <br /> II. OBJECTIVES <br /> The primary objectives, in priority order of the City's investment activities will <br /> be: <br /> A. Safety of Principal <br /> Safety of principal is the foremost objective of the investment program. <br /> Investments shall be undertaken in a manner that seeks to ensure <br /> preservation of capital in the overall portfolio. <br /> B. Liquidity <br /> The investment portfolio will remain sufficiently liquid to enable the City <br /> to meet all operating and capital requirements that might reasonably be <br /> anticipated. A portion of the portfolio may be placed in money market <br /> mutual funds or local government investment pools which offer same-day <br /> liquidity. <br /> • <br /> 1 <br />