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Int St Moody <br /> • <br /> Section VIII <br /> Investment <br /> Management Services: <br /> Juran & Moody is unique among financial advisory fins in that we can <br /> deliver both comprehensive debt and asset management services. As a <br /> licensed broker - dealer, we have direct and instant access to an array of <br /> investment vehicles legally permitted for municipalities. We are regulated <br /> by the Securities and Exchange Commission (SEC) and the National <br /> Association of Securities Dealers (NASD). <br /> Juran & Moody has been providing investment advice and managing <br /> municipal funds since 1939 and currently manages over $100,000,000 in <br /> assets. These investments occur in such instruments as insured <br /> Certificates of Deposit, U.S. Treasury Securities (bills, notes and bonds), <br /> U.S. Treasury Zero Coupon Bonds, high grade Commercial Paper, <br /> Government Money Market funds, U.S. Agency Securities (Ginnie Mae, <br /> Fannie Mae, Freddie Mac, etc.) and General Obligation Bonds (taxable <br /> and tax- exempt). <br /> Working closely with the engineers /architects on improvement projects, <br /> Juran & Moody will develop an investment schedule for unused bond <br /> proceeds. Developing projections prior to the issuance of the bonds will <br /> maximize the investment proceeds, effectively reducing the size of the <br /> bond issue. <br /> Juran & Moody will assist the City to develop an investment policy. <br /> While overall investment policies are governed by state law, we also <br /> believe that they should be responsive to individual investment policies <br /> and needs as well. We work closely with our clients to define overall <br /> investment objectives and an optimal asset and maturity structure for the <br /> investment portfolio. In order to create a customized investment program, <br /> we review current investments, as well as revenue and expense <br /> projections. In designing a customized investment program for the city we <br /> keep in mind three basic goals: <br /> 1. To preserve capital. <br /> 2. To provide needed liquidity, and, within the constraints of <br /> preserving capital and maintaining liquidity. <br /> 3. To optimize earnings. <br /> ( <br /> City of Centerville, Minnesota - 18 - <br /> MPS <br />