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E. Pre-payment of City debt or contribution servicing obligation. In the <br /> event the City is presented with an option for prepayment of a City debt <br /> or contribution servicing obligation, the following analysis will be <br /> conducted by with regards to a comparison between the amortized <br /> savings, which may be realized by exercising such prepayment option <br /> and: <br /> i. the current portfolio yield; <br /> ii. the trend of the debt or contribution servicing obligation; <br /> iii. whether variances in the trend are substantial; <br /> iv. the City's net cash position; and <br /> v. the market value of investment instrument(s) recommended by <br /> staff to be liquidated to fulfill a prepayment election. <br /> When selling a security prior to maturity, City Investment Officials and/or <br /> officers (see generally subsection 5.1 et seq. - Investment Authority and <br /> Responsibility) must be prepared to justify the reasons and explain any gains <br /> or losses. <br /> Compliance with the investment policy does not measure return, but rather <br /> manages risk. Policy compliance does not provide a benchmark to meet or <br /> exceed, but is a model to follow. The City will benchmark its investment to <br /> an agreed upon treasury index. <br /> The City shall strive to maintain one hundred percent (100%) investment of <br /> idle funds after consideration for a compensating balance to cover the cost of <br /> services provided by the City's depository bank. The funds available for <br /> investment are determined by cash flow projections updated daily. <br /> Investments are monitored so that legal limits on types of investments are not <br /> exceeded. <br /> Resolution No. 2025-019 <br /> Page 9 of 24 <br />