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<br />individual or corporate member of the financial or investment <br />community. <br /> <br />D. <br /> <br />Expenses incurred for banking or financial services shall be <br />treated in the same competitive manner as other expenditures <br />of City funds. <br /> <br />E. <br /> <br />Financial institutions which serve as depositories or perform <br />banking services for City funds shall meet the City's <br />established criteria for overall financial strength, adequate <br />capitalization, and appropriate liquidity. <br /> <br />Securities dealers with whom the City conducts business shall <br />be subject to established guidelines and criteria. <br /> <br />F. <br /> <br />G. <br /> <br />The City will limit its purchase of investment securities to <br />those which are of the highest quality, including, but not <br />limited to, fully-collateralized time deposits in Texas banks <br />and savings and loan associations, direct obligations of the <br />United States government, obligations of United States <br />government agencies, or purchase of such investment securities <br />under the terms of repurchase agreements. <br /> <br />III. <br /> <br />CASH MANAGEMENT PROGRAMS AND ACTIVITIES <br /> <br />The Department of Finance is committed to the overall success of the <br />City's cash management programs. These programs address a variety of <br />cash management issues, including: <br /> <br />A. <br /> <br />The design and implementations of reliable and effective <br />cash-flow forecasting methodologies which will assist Finance <br />Department personnel in the determination of the amounts of <br />cash available for investment, the time period for which the <br />funds may be invested with a reasonable level of confidence, <br />and a measure of the volatility of specific forecasts, which <br />will allow viable determination of the required liquidity <br />which must characterize the specific investments. <br /> <br />B. <br /> <br />The design and implementation of appropriate "revenue <br />acceleration" programs, aimed at enhancing the speed at which <br />monies are collected and deposited by the City. <br /> <br />The design and implementation of suitable "controlled <br />disbursement It programs, which will ensure that City expenses <br />are met in a timely manner, but not in such a way as to <br />jeopardize the earning capacity of the City's cash management <br />portfolio. <br /> <br />C. <br /> <br />D. <br /> <br />The utilization of modern and efficient teChniques for the <br />physical movement of money, taking advantage of the <br />technological and operational procedures which have evolved in <br />recent years. <br /> <br />2 <br />