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ATTACHMENT 2 <br />City of Pleasanton <br />INVESTMENT POLICYAND GUIDELINES <br />Adopted June 21, 2022 <br />(For FY 2022/23) <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 />1 <br />