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APPENDIX E <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 be <br />added or deleted as necessary or appropriate. <br />II. CASH REVIEW <br />The City Investment Officer must review the cash balances and investment portfolio at least daily, or <br />as needed. Items to be reviewed should include: <br />- All balances and float amounts at contracted depository bank. <br />- All 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 determines how much of the cash balance is available for investment <br />and selects the maximum maturity date. <br />The contracted Investment Advisor will review market conditions and suggest suitable recommended <br />investments. <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.) <br />City of San Marcos Investment Policy Page 40 <br />