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EXIIIBII'A <br /> City of Pleasanton <br /> INVESTMENT POLICY AND GUIDELINES <br /> Adopted April 17, 2012 <br /> (For 2012/13 Fl) <br /> POLICY <br /> It is the policy of the City of Pleasanton to invest public funds in a manner which will <br /> provide the highest investment return with the maximum security while meeting the daily <br /> cash flow demands of the City and conforming to all state and local statutes governing <br /> the investment of public funds. <br /> SCOPE <br /> This investment policy applies to all financial assets of the City. These funds are <br /> accounted for in the City's Comprehensive Annual Financial Report and include: <br /> • General Fund <br /> • Enterprise Funds <br /> • Internal Service Funds <br /> • Capital Projects Funds <br /> • Special Revenue Funds <br /> • Private-Purpose Trust Funds <br /> • Agency Funds <br /> • Debt Service Funds <br /> PRUDENCE <br /> Investments shall be made with judgment and care — under circumstances then <br /> prevailing — in which persons of prudence, discretion and intelligence exercise in the <br /> management of their own affairs, not for speculation, but for investment, considering the <br /> probable safety of their capital as well as the probable income to be derived (i.e. the <br /> "prudent person" standard as defined by Civil Code#2261). <br /> Investment officers acting in accordance with written procedures and the investment <br /> policy and exercising due diligence shall be relieved of personal responsibility for an <br /> individual security's credit risk or market price changes, provided deviations from <br /> expectations are reported in a timely fashion and appropriate action is taken to control <br /> adverse developments. <br /> 1 <br />