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City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2020
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061620
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6/11/2020 11:04:51 AM
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6/11/2020 11:04:49 AM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
6/16/2020
DESTRUCT DATE
15Y
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EXHIBIT A <br /> City of Pleasanton <br /> INVESTMENT POLICY AND GUIDELINES <br /> Adopted June 1648, 20204-9 <br /> (For FY 2020 -9/2120) <br /> POLICY <br /> It is the policy of the City of Pleasanton (the "City") to invest public funds in a manner <br /> which will provide the highest investment return with the maximum security while <br /> meeting the daily cash flow demands of the City and conforming to all state and local <br /> statutes governing 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 />
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