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EXHIBIT A Certificates of "A"Rated None 30%/5% None 5 Years None Deposit Financial issuer institutions Repurchase "A"Rated None 15%/5% None 90 Days 1 year Agreements primary issuer dealers Medium-Term "A"Rated "A"Rated 30%/5% 30% 5 Years 5 Years Notes obligation obligation issuer Money Market "A" "A" 20% 20% N/A N/A and Mutual Funds Local Agency None None $65 Million $65 Million N/A N/A Investment Fund California Asset "A"Rated "A"Rated 30% 30% N/A N/A Management obligation obligation Program Section 115 By Council Investment By Council By Council N/A N/A Pension Trust approval policy for approval approval Fund Trust Fund MAXIMUM MATURITIES To the extent possible, the City will attempt to match its investments with anticipated cash flow requirements. Because of inherent difficulties in accurately forecasting cash flow requirements, a portion of the portfolio should be continuously invested in readily available funds. Where this Policy does not specify a maximum remaining maturity at the time of the investment, no investment shall be made in any security that at the time of the investment has a term remaining to maturity in excess of five years. The City may directly invest in securities maturing more than five years from the date of purchase if they are authorized by the City Council. After Council authorization, no waiting period is required before such an investment is made. The City may invest proceeds of bond issuances or certificates of participation for a term exceeding five years, provided the City Council authorizes such investments as part of the legal documents. INTERNAL CONTROL The Director of Finance shall establish an annual process of independent review by an external auditor to prevent loss of funds arising from fraud, theft, staff errors and irregularities, misrepresentations by third parties, misuse, or imprudent actions by staff. 8