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DIVERSIFICATION <br /> The City will attempt to diversify its investments according to type and maturity. The portfolio, <br /> as much as possible, will contain both short-term and long -term investments. The City will <br /> attempt to match its investments with anticipated cash flow requirements. Extended maturities <br /> may be utilized to take advantage of higher yields; however, no more than 15 -20% of the total <br /> investments should extend beyond five (5) years and in no circumstance should any extend beyond <br /> eight (8) years. <br /> INVESTMENT REPORTIN G <br /> The Deputy Clerk/Treasurer shall prepare an investment report at least quarterly, including a <br /> management summary that provides a clear picture of the status of the current investment <br /> portfolio and transactions made over the last quarter. <br /> CONCLUSION <br /> The intent of this policy is to ensure the safety of all City funds. The main goal of the City will be <br /> to achieve a market rate of return while maintaining the safety of its principal. <br /> Approved by the City Council <br /> Date: <br /> 5 <br />