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<br />INVESTMENT POLICY <br /> <br />CITY OF SAN MARCOS <br />FINANCE DEPARTMENT <br /> <br />I. POLICY <br /> <br />It is the policy of the City of San Marcos to invest public funds in a manner which will optimize <br />interest earnings with the maximum security while meeting the daily cash flow demands of the City <br />and conforming to all state and local statutes governing the investment of public funds. <br /> <br />II. SCOPE <br /> <br />This Investment Policy (hereafter referred to as Policy) applies to all financial assets of the CitYa <br />These financial assets are within funds that are accounted for in the Comprehensive Annual Financial <br />Report and include: <br /> <br />1. General Fund <br />2. Special Revenue Funds <br />3. Capital Projects Funds <br />4. Debt Service Funds <br />5. Enterprise Funds <br />6. Trust and Agency Funds <br /> <br />and any new funds created by the City unless specifically exempted by the City Council and this <br />Policy. <br /> <br />III. PRUDENCE <br /> <br />The standard of prudence to be used by investment officials shall be the "prudent person" standard <br />and shall be applied in the context of managing an overall portfolioa <br /> <br />Investments shall be made withjudgment and care-under circumstances then prevailing- <br />which persons of prudence, discretion and intelligence exercise in the management of their <br />own affairs, not for speculation, but for investment, considering the probable safety of their <br />capital as well as the probable income to be deriveda <br /> <br />IV EDUCATION <br /> <br />In accordance with the City of San Marcos Investment Policy and the Public Funds Investment Act., <br />designated Investment Officers shall attend an investment training session no less often than once <br />every two years commencing September 1., 1997 and shall receive not less than 10 hours of <br /> <br />City of San Marcos Investment Policy <br /> <br />Page 1 <br />