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EXHIBIT A <br />Resolution No. 08-181 <br />City of Pleasanton <br />INVESTMENT POLICY AND 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 provide the <br />highest investment return with the maximum security while meeting the daily cash flow demands <br />of the City and conforming to all state and local statutes governing the investment of public <br />funds. <br />SCOPE <br />This investment policy applies to all financial assets of the City. These funds are accounted for <br />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 prevailing - in <br />which persons of prudence, discretion and intelligence exercise in the management of their own <br />affairs, not for speculation, but for investment, considering the probable safety of their capital as <br />well as the probable income to be derived (i.e. the "prudent person" standard as defined by Civil <br />Code #2261). <br />Investment officers acting in accordance with written procedures and the investment policy and <br />exercising due diligence shall be relieved of personal responsibility for an individual security's <br />credit risk or market price changes, provided deviations from expectations are reported in a <br />timely fashion and appropriate action is taken to control adverse developments. <br />OBJECTIVE <br />The primary objectives, in priority order, of the City's investment action shall be: <br />a. Safety: Safety of principal is the foremost objective of the investment program. <br />Investments of the City shall be undertaken in a manner that seeks to ensure the <br />preservation of capital in the overall portfolio. To attain this objective, diversification is <br />required in order that potential losses on individual securities do not exceed the income <br />generated from the remainder of the portfolio. <br />b. Li uidit : The City's investment portfolio will remain sufficiently liquid to enable the City <br />to meet all operating requirements which might be reasonably anticipated. <br />