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OBJECTIVES, RISK, & DIVERSIFICATION <br />The objectives of the investment program are as follows in order of priority: <br />• SAFETY OF PRINCIPAL <br />• LIQUIDITY <br />• SUITABILITY <br />• YIELD <br />All investments contain an element of risk. The different types of risk include credit risk, <br />custodial risk, concentration risk and interest rate risk. The recommended policy is <br />designed to establish a very low tolerance for risk with safety of principal being paramount <br />as a guiding principal and objective. <br />There is no change to the current policy. Staff recommends that City Council approve the <br />Investment Policy and Guidelines of the City of Pleasanton. <br />Submitted by: ~~/~~ <br />_~" e <br /><<L ` . ~ <br />David P. Culver Steven Bocian <br />Director of Finance Acting City Manager <br />Attachments: <br />1. Resolution <br />2. Investment Policy and Guidelines <br />3. Glossary <br />Page 4 of 4 <br />