My WebLink
|
Help
|
About
|
Sign Out
Home
Browse
Search
2002-09-25 CC Packet
Centerville
>
City Council
>
Agenda Packets
>
1996-2022
>
2002
>
2002-09-25 CC Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
5/13/2009 10:41:58 AM
Creation date
5/13/2009 10:38:41 AM
Metadata
Fields
Template:
General
Jump to thumbnail
< previous set
next set >
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
324
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
<br />arry OJ CENI''E'RYIU'E <br />I:N'V'EST:M'ENI' POlley <br /> <br />PURPOSE <br /> <br /> <br />The purpose of this policy is to establish specific guidelines <br />use in the investment of city funds. It will be the responsibi <br />Clerk/Treasurer Finance Director and/or City Admi or <br />to attain a market rate of return while preserving a ct <br />portfolio. Investments will be made, based on st . <br />instruments. <br /> <br />e responsible <br />pssarily <br />. apital <br /> <br />II be the "prudent <br />verall portfolio. <br />d with 1\1N Statute 175.66 <br />8A.0I et. se ., and exercising due diligence shall <br />individual security's credit risk or market <br />is taken to control adverse developments <br />.y manner. <br /> <br />investment activities that are prioritized as follows: <br /> <br />e foremost objective of the city. Each investment <br />to first insure that capital losses are avoided. The <br />mitigate credit risk and interest rate risk. Credit risk is <br />s the risk ofloss due to failure of the security issuer or <br />backer. Inter t rate risk is shall be defined as the risk that the market value of <br />securities in the portfolio will fall due to changes in general interest rates. <br /> <br />. <br /> <br />B. Liquidity <br />The investment portfolio shall remain sufficiently liquid to meet all operating <br />requirements that may be reasonably anticipated. This is accomplished by <br /> <br />- I - <br />
The URL can be used to link to this page
Your browser does not support the video tag.