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EXHIBIT A <br /> k. Repurchase and Reverse Repurchase Agreements <br /> 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 /> I. Money Market and Mutual Funds <br /> 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 money market and mutual Funds <br /> shall not exceed 20%of the City's total portfolio. <br /> m. Managed Portfolio for Pension Liabilities <br /> City Council authorized setting up a Section 115 Pension Trust Fund (Trust <br /> Fund), The Trust Fund assets will be managed by an external Manager and the <br /> Investment policy related to the trust will be a separate document that is <br /> approved by Council. <br /> o. California Asset Management Program(CAMP) <br /> California Asset Management Program "CAMP" is a California Joint Powers <br /> Authority ("JPA") established in 1989 to provide California public agencies with <br /> professional investment services. The CAMP Pool is a permitted investment for <br /> all local agencies under California Government Code Section 53601(p). <br /> COLLATERALIZATION <br /> Collateralization will be required on active and inactive deposits in accordance with <br /> Government Code Section 53651, 53651.2, and 53652, which set forth the eligible <br /> securities and the required value of the securities to collateralize these deposits. <br /> Whenever possible, the City shall request that U.S. Treasury and Government <br /> securities be used as collateral. Repurchase agreements will be collateralized 102% <br /> with securities of the U.S. Government or its Agencies, marked to market daily. <br /> SAFEKEEPING AND CUSTODY <br /> 6 <br />