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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 Page 7 <br />