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CITY OF SANTA ANA <br />STATEMENT OF INVESTMENT POLICY <br />JULY 2012/2013 <br />INTRODUCTION <br />: <br />This statement is intended to outline the policies for prudent investment of idle City funds by <br />providing guidelines for suitable investments while maximizing the efficiency of the City's Cash <br />Management Program. <br />Under the direction of the Executive Director, Finance and Management Services, the <br />responsibility for the day to day investment of the City's funds is delegated to the Treasury <br />Manager only. The investment policy applies to all financial assets of the city and are pooled in an <br />actively managed portfolio. The investment pool or portfolio will be referred to as the "Fund" <br />throughout this document. Bond proceeds shall be invested in accordance with requirements and <br />restrictions outlined in the bond documents. Bond proceeds are not considered part of the Fund <br />nor subject to this Investment Policy. <br />The City's Cash Management Program is designed to accurately monitor and forecast <br />expenditures and revenues, thus enabling the investment of funds to the fullest extent possible. <br />Maturities are matched as close as possible to coincide with cash requirements. <br />The investment policies and practices of the City of Santa Ana are based upon Federal, State and <br />Local law and prudent money management. The primary goals of these policies are: <br /> 1. To assure compliance with all Federal, State and Local laws governing the investment <br />of monies. <br /> 2. To provide for the safety of principal and sufficient liquidity. <br /> 3. To provide an investment return within the parameters of this Statement of Investment <br />Policy and the Investment Portfolio Guidelines. <br />Officers and employees involved in the investment process shall refrain from personal business <br />activity that could conflict with the proper execution and management of the investment program, <br />or that could impair their ability to make impartial decisions. Employees and investment officials <br />shall disclose any material interests in financial institutions with which they conduct business. <br />They shall further disclose any personal financial/investment positions that could be related to the <br />performance of the investment portfolio. Employees and officers shall refrain from undertaking <br />personal investment transactions with the same individual with whom business is conducted on <br />behalf of their entity. <br />OBJECTIVES <br />: <br /> SAFETY OF PRINCIPAL <br />1. - Safety of principal is the foremost objective of the City of Santa <br />Ana. Each investment transaction shall be undertaken in a manner that seeks to <br />Resolution No. 2012-027 <br />Page 3 of 10 <br /> <br />