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CITY OF SAN MARCOS, TEXAS <br />OPERATING AND BOND FUNDS <br />INVESTMENT POLICY <br />TABLE OF CONTENTS <br />I. <br />POLICY ........................................................................................................ ..............................1 <br />II. <br />SCOPE ........................................................................................................ ..............................1 <br />III. <br />PRUDENCE ..................................................................................................... ..............................1 <br />IV. <br />OBJECTIVES .................................................................................................. ..............................1 <br />V. <br />Strategy ................................................................................... ..............................2 <br />VI. <br />DELEGATION OF AUTHORITY ........................................................................... ............................... 2 <br />VII. <br />INVESTMENT PROCEDURES ............................................................................. ............................... 3 <br />VIII. <br />ETHICS AND CONFLICTS OF INTEREST .............................................................. ..............................4 <br />IX. <br />AUTHORIZED BROKER/DEALERS AND FINANCIAL INSTITUTIONS ........................ ..............................4 <br />X. <br />AUTHORIZED AND SUITABLE INVESTMENTS ..................................................... ............................... 5 <br />XI. <br />COLLATERALIZATION ...................................................................................... ..............................6 <br />XII. <br />SAFEKEEPING AND CUSTODY ......................................................................... ............................... 6 <br />XIII. <br />DIVERSIFICATION ............................................................................................ ..............................6 <br />XIV. <br />INTERNAL CONTROLS ...................................................................................... ..............................7 <br />XV. <br />PERFORMANCE STANDARDS .......................................................................... ............................... 7 <br />XVI. <br />REPORTING .................................................................................................... ..............................7 <br />XVII. <br />CASH MANAGEMENT PROGRAMS AND ACTIVITIES ........................................... ............................... 7 <br />XVIII. <br />INVESTMENT POLICY ADOPTION ...................................................................... ............................... 7 <br />APPENDICES <br />A. BROKER/DEALER QUESTIONNAIRE ......................................................... ............................... 8 <br />B. CERTIFICATION BY BUSINESS ORGANIZATIONS .......................................... ............................... <br />C. PUBLIC FUNDS INVESTMENT ACT .............................................................. ............................... <br />D. PUBLIC FUNDS COLLATERAL ACT ............................................................. ............................... <br />E. INVESTMENT PROCEDURES ....................................................................... ............................... <br />