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APPENDIX C <br /> CITY OF SAN MARCOS <br /> INVESTMENT PROCEDURES <br /> I. PURPOSE <br /> The purpose of these procedures is to assist Finance Department staff with day-to-day investment <br /> operations and assign responsibilities. These procedures are an outline, with individual items to <br /> be added or deleted as necessary or appropriate. <br /> II. CASH REVIEW <br /> The City Investment Officer(s) must review the cash balances and investment portfolio at least <br /> daily, or as needed. Items to be reviewed should include: <br /> - All balances and float amounts at contracted depository bank. <br /> - All pending and maturing investments. <br /> - All incoming wires, bond sales and other anticipated receipts. <br /> - All outgoing wires, bond and coupon payments (debt service) and other anticipated cash <br /> disbursements. <br /> III. INVESTMENT SELECTION <br /> The City Investment Officer(s) determines how much of the cash balance is available for <br /> investment and selects the maximum maturity date to fund upcoming liabilities. <br /> The Investment Officer(s) and/or the contracted Investment Advisor will review market <br /> conditions in conjunction with approved brokers to search for suitable investments on at least a <br /> weekly basis. <br /> Information including the following is used to determine optimal maturity to take advantage of <br /> current and expected interest rate environments: <br /> - Market information(yield analysis, spread analysis, and future expectations) <br /> - General trends of economic statistics. <br /> Input from independent data services (Bloomberg, Reuters, etc.)IV. PURCHASING AND <br /> INVESTMENT <br /> The Policy requires establislunent and approval of an authorized broker/dealer list with whom the <br /> City may transact business. The broker/dealer questionnaire helps provide the following <br /> evaluation: <br /> - Financial condition, strength and capability to fulfill commitments. <br /> - Overall reputation with other broker/dealers and investors. <br /> City of San Marcos Investment Policy 11 Rev 05.2025 <br />