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CITY OF SAN MARCOS, TEXAS <br />RESERVE 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 .................................................................................................. ..............................2 <br />V. <br />STRATEGY ................................................................................ ..............................2 <br />VI. <br />DELEGATION OF AUTHORITY ........................................................................... ............................... 3 <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 ...................................................................... ............................... H <br />