Laserfiche WebLink
ATTACHMENT 2 <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 15% of the <br /> City's total portfolio. <br /> 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). The <br /> aggregate investment in CAMP shall not exceed 30% of the City's investment <br /> portfolio. <br /> p. Supranational Organizations Securities <br /> United States dollar denominated senior unsecured unsubordinated obligations <br /> issued or unconditionally guaranteed by IBRD, IFC, or IADB, with a maximum <br /> remaining maturity of five years or less and eligible for purchase and sale in the <br /> United States. Purchases are limited to securities rated in a rating category of <br /> "AA" or its equivalent or better by an NRSRO. The aggregate investment in <br /> Supranational Organizations Securities shall not exceed 30% of the City's <br /> investment portfolio. Supranational Organizations Securities are permitted <br /> investment under California Government Code 53601(q) <br /> 6 <br />