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It is the policy of the City of Pleasanton to invest public funds in a manner which will <br />provide the highest investment return with the maximmn security while meeting the. daily <br />ca.qh flow demands of the City and conforming to all state and local statutes govermng the <br />investment of public funds. <br /> <br />This investment policy applies to all financial assets of the City. These funds arc accounted <br />for in the City's comprehensive Anntlal Financial Report and include: <br /> <br />General Fund <br />Enterprise Funds <br />Internal Sea'vice Funds <br />Capital Improvement Funds <br />Special Revenue Funds <br />Expendable Trust Funds <br />Non-Expend Trust and Agency Funds <br />Assessment District Agency Funds <br /> <br />own affairs, not for speculation, but for investment, con,tiering the probable safety of <br />their capital as well as the probably income to be derived (i.e. the "prudent person" <br />standard as defined by Civil Code ~2261). <br /> <br />Investment officers acting in accordance with written procedures and the investment policy <br />and exercising due diligence shall be relieved of personal responsibility for an individual <br />security's credit risk or maxket price changes, tm:ndded deviations from expecr_nfions are <br />reported in a timely fashion and appropriate action is taken to control adverse <br />developments. <br /> <br />The prixm~ objectives, in priority order, of the City's investment action shall be: <br /> <br />Sage~: Safety of principal is thc foremost objective of the investment program- <br />Investments of the City shall be upAermken in a manner that seeks to ensure the <br />pr~e~atlon of capital in the overall portfolio. To att.nih this objective, <br />diversification is required in order that potential losses on individual securities do <br />not exceed the income generated from the remaind~ of the portfolio. <br /> <br /> <br />