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XVI. REPORTING <br />The Investment Officer(s) shall provide the City Council quarterly investment reports as required by the Act <br />and a monthly report to the Investment Committee. The reports will reflect both detail and summary <br />information enabling the reader to determine the value and risk associated with the portfolio. Market values <br />for the report will be derived from an independent source. <br />A management report will be included with the quarterly investment report. The management report should <br />include comments on the fixed income markets and economic conditions, discussions regarding <br />diversification, allocation restrictions on investments , possible changes in the portfolio structure going <br />forward and thoughts on investment strategies. <br />XVII. CASH MANAGEMENT PROGRAMS AND ACTIVITIES <br />The Department of Finance is committed to the overall success of the City's cash management programs. <br />These programs address a variety of cash management issues, including: <br />1. The design and implementation of reliable and effective cash flow forecasting methodologies <br />to assist Finance Department personnel and Investment Officer(s) in the determination of the <br />amounts of cash available for investment, the time period for which the funds may be invested <br />with a reasonable level of confidence, and a measure of the volatility of specific cash forecasts, <br />which will allow viable determination of the required liquidity. <br />2. The design and implementation of appropriate "revenue- acceleration programs ", aimed at <br />enhancing the speed at which monies are collected and deposited by the City and the <br />elimination of bad debt expense /write -offs. <br />3. The design and implementation of suitable "controlled disbursement" programs, which will <br />ensure that the City's expenses are met in timely manner, but not in such a way as to jeopardize <br />the earning capacity of the City's portfolio. <br />4. The utilization of modern and efficient techniques and technology for the physical movement <br />of money, taking advantage of technological and operational procedures. <br />5. The design and implementation of banking relationships which are both favorable to the City <br />and responsive to the day -to -day requirements of the City's complex financial operations. <br />6. The design of investment policies and procedures to ensure the total safety of all funds while <br />allowing the City to maximize its interest earnings. <br />7. The design and implementation of appropriate policies and procedures with regard to the <br />proper and effective use of the City's municipal credit authority. <br />XVIII. INVESTMENT POLICY ADOPTION <br />The City's Investment Policy shall be annually reviewed and adopted by resolution of the City Council. Any <br />modifications made thereto must be noted in the approving Resolution. <br />City of San Marcos Investment Policy Pagc 7 <br />