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OBJECTIVES, RISK, & DIVERSIFICATION <br /> The objectives of the investment program are as follows in order of priority: <br /> • SAFETY OF PRINCIPAL <br /> • LIQUIDITY <br /> • SUITABILITY <br /> • YIELD <br /> All investments contain an element of risk. The different types of risk include credit risk, <br /> custodial risk, concentration risk and interest rate risk. The recommended policy is <br /> designed to establish a very low tolerance for risk with safety of principal being paramount <br /> as a guiding principal and objective. <br /> There is no change to the current policy. Staff recommends that City Council approve the <br /> proposed Investment Policy and Guidelines of the City of Pleasanton. <br /> Submitted by: Approved by: <br /> /11/k- <br /> Tina Olson Nelson Fialho <br /> Director of Finance City Manager <br /> Attachments: <br /> 1. Resolution <br /> Page 4 of 4 <br />