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EXHIBIT A <br /> AUTHORIZED AND SUITABLE INVESTMENTS <br /> The City's investment portfolio may include the following instruments: <br /> a. Fully-insured or collateralized certificates of deposits (C/D's) of banks and <br /> savings and loan associations. <br /> b. Negotiable C/D's issued by the top 25 banks or top 15 regional banks. The <br /> aggregate investment in Negotiable C/D's shall not exceed 30% of the City's total <br /> portfolio. <br /> c. Banker's Acceptances not to exceed 180 days maturity from date of purchase. <br /> No more than 5% of the City's total portfolio shall be invested in banker's <br /> acceptances of any one issuer and the aggregate investment in banker's <br /> acceptances shall not exceed 40% of the City's total portfolio. <br /> d. U.S. Treasury Obligations (Bills, Notes, Bonds). <br /> e. Securities of the U.S. Government or its Agencies. <br /> f. A1/P1 Commercial Paper not to exceed 270 days maturity from date of <br /> purchase. No more than 5% of the City's total portfolio shall be invested in <br /> commercial paper of any one issuer and the aggregate investment in commercial <br /> paper shall not exceed 25% of the City's total portfolio. <br /> g. State of California Local Agency Investment Fund (LAIF). <br /> h. Passbook Savings Accounts. <br /> Medium-term corporate notes rated A or better. The aggregate investment in <br /> Medium-term corporate notes shall not exceed 30% of the City's 1otal portfolio. <br /> j. Repurchase and Reverse Repurchase Agreements collateralized by securities of <br /> the U.S. Government or its Agencies. The purchase securities shall have a <br /> minimum market value including accrued interest of 102% of the dollar value of <br /> funds borrowed and a term not to exceed one year. The aggregate investment in <br /> repurchase and reverse repurchase agreements shall not exceed 20% of the <br /> City's total portfolio. <br /> k. Money market and mutual funds whose portfolios consist of government <br /> securities or diversified money market securities such as acceptable C/D's, <br /> banker's acceptances, agency discount notes, commercial paper, and other full- <br /> faith and credit obligations of the U.S. Government or its Agencies. The <br /> aggregate investment in Government Security Mutual Funds shall not exceed <br /> 20% of the City's total portfolio. <br /> 4 <br />