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EXHIBIT A <br />City of Pleasanton <br />INVESTMENT POLICYAND GUIDELINES <br />April 15, 2008 <br />POLICY <br />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 maximum security while meeting the daily <br />cash flow demands of the City and conforming to all state and local statutes governing <br />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 />