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Attachment A <br />Investment Policy <br />Purpose <br />The purpose of the Investment Policy is to ensure the most efficient use of the City's idle funds, <br />and to ensure the best return on these funds while making only those investments allowed by <br />law. <br />Policy <br />❖ The City will make a cash flow analysis of all funds on a regular basis. Disbursement, <br />collection, and deposit of all funds will be scheduled to ensure maximum cash <br />availability. <br />❖ When permitted by law, the City will pool cash from several different funds for <br />investment purposes. <br />❖ The City will invest 99 percent of its idle cash on a continual basis. <br />❖ The City will obtain the best possible return on all cash investments. Such investments <br />will only be those legally permissible under Minnesota law. <br />❖ The accounting system will provide regular information concerning cash position and <br />investment performance. <br />❖ The City will make arrangements for banking services on a contractual basis for a <br />specified period of three years, with specified fees for each service rendered. <br />❖ The City includes interest earnings and investment summaries as part of the <br />Comprehensive Annual Financial Report (CAFR). <br />Implementation <br />See Investment and Portfolio procedures. <br />Investment and Portfolio Procedures <br />Scope <br />These investment and portfolio procedures apply to the activities of the City with regard to <br />investing the financial assets of all funds, including the following: <br />.;. <br />.;. <br />.;. <br />.;. <br />.;. <br />.;. <br />.;. <br />General Fund <br />Special Revenue Funds <br />Capital Project Funds <br />Debt Service Funds <br />Special Service Funds <br />Internal Service Funds <br />Trust and Agency Funds <br />