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Investment Policy <br />Pur�ose <br />The purpose of the Investment Policy is to ensure the most efficient use of the City's idle funds, and to <br />ensure the best return on these funds while making only those investments allowed by 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 inaximum cash availability. <br />❖ When permitted by law, the City will pool cash from several different funds for investment <br />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 will <br />only be those legally per�nissible 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 banlcing services on a contractual basis for a specified <br />period of three years, with specified fees for each service rendered. <br />❖ The City includes interest earnings and investment sumnlaries as part of the Comprehensive <br />Annual Financial Report (CAFR). <br />Iinplementation <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 investing <br />the financial assets of all funds, including the following: <br />❖ General Fund <br />❖ Special Revenue Funds <br />❖ Capital Project Funds <br />•'• Debt Service Funds <br />. <br />•.• Special Service Funds <br />❖ Internal Service Funds <br />❖ Trust and Agency Funds <br />