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City of Pleasanton <br /> INVESTMENT POLICY AND 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 />