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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 />