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Res 2020-070/adopting revised Investment Policies for Operating Funds and Reserve Funds
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Res 2020-070/adopting revised Investment Policies for Operating Funds and Reserve Funds
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City Clerk
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Resolutions
Number
2020-70
Date
3/17/2020
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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 <br />
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