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<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 />