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Resolution No. 23-1404 EXHIBIT A <br /> City of Pleasanton <br /> INVESTMENT POLICY AND GUIDELINES <br /> Adopted June 20, 2023 <br /> (For FY 2023/24) <br /> POLICY <br /> The purpose of this investment policy is to identify various policies and procedures that <br /> will foster a prudent and systematic investment program designed to seek the City of <br /> Pleasanton's ("City") objectives of safety, liquidity and return on investment through a <br /> diversified investment portfolio. This policy also serves to organize and formalize the <br /> City's investment-related activities, while complying with all applicable statutes governing <br /> the investment of public funds. This policy is written to incorporate industry best practices <br /> and recommendations from sources such as the Government Finance Officers <br /> Association (GFOA), California Municipal Treasurers Association (CMTA), California <br /> Debt and Investment Advisory Commission (CDIAC) and the Association of Public <br /> Treasurers (APT). <br /> SCOPE <br /> This investment policy applies to all financial assets of the City. These funds are <br /> accounted for in the City's Annual Comprehensive 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 /> Proceeds of debt issuance shall be invested in accordance with the City's general <br /> investment philosophy as set forth in this policy; however, such proceeds are to be <br /> invested pursuant to the permitted investment provisions of their specific bond indentures. <br /> The City's Section 115 Pension Trust Fund and the City's other post-employment benefit <br /> trusts are to be invested pursuant to their own investment policies. <br /> POOLING OF FUNDS <br /> Except for cash in certain restricted and special funds, the City will consolidate cash and <br /> reserve balances from all funds to maximize investment earnings and to increase <br /> efficiencies with regard to investment pricing, safekeeping and administration. Investment <br /> income will be allocated to the various funds based on their respective participation and <br /> in accordance with generally accepted accounting principles. <br /> I <br />