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<br />G. The City will limit its purchase of investment securities to those which <br />are of the highest quality, including, but not limited to, fully- <br />collateralized time deposits in Texas banks and savings and loan <br />associations, direct obligations of government agencies, or purchase of <br />such investment securities under the terms of repurchase agreements. <br /> <br />H. This Cash Management and Investment Policy applies to all the financial <br />assets and government fund types held by the City. These fund types are <br />defined in the City'S Comprehensive Annual Financial Report (CAFR) and <br />include: <br /> <br />1. Operating <br />2. Special Projects <br />3. Special Purpose <br />4. Debt Service <br />5. Debt Service Reserve <br /> <br />And any new fund types created by the City unless specifically exempted by <br />the City Council and this policy. <br /> <br />III. CASH MANAGEMENT PROGRAMS AND ACTIVITIES <br /> <br />The Department of Finance is committed to the overall success of the City'S cash <br />management programs. These programs address a variety of cash management issues, <br />including: <br /> <br />A. The design and implementation of reliable and effective cash flow <br />forecasting methodologies which will assist Finance Department personnel <br />in the determination of the amounts of cash available for investment, the <br />time period for which the funds may be invested with a reasonable level of <br />confidence, and a measure of the volatility of specific forecasts, which <br />will allow viable determination of the required liquidity which must <br />characterize the specific investments. <br /> <br />B. The design and implementation of appropriate "revenue-acceleration <br />programs, aimed at enhancing the speed at which monies are collected and <br />deposited by the City. <br /> <br />C. The design and implementation of suitable "controlled disbursement" <br />programs, which will ensure that the City'S expenses are met in timely <br />manner, but not in such a way as to jeopardize the earning capacity of the <br />City'S cash management portfolio. <br /> <br />D. The utilization of modern and efficient techniques for the physical <br />movement of money, taking advantage of the technological and operational <br />procedures which have evolved in recent years. <br /> <br />E. The design and implementation of banking relationships which are both <br />favorable to the City and responsive to the day-to-day requirements of the <br />City'S complex financial operations. <br /> <br />F. The design of investment policies which will establish those policies and <br />procedures which will ensure the total safety of all funds entrusted to <br />the care and control of the Finance Department, while at the same time <br />allowing the City to maximize its interest earnings. <br /> <br />G. The design and implementation of appropriate policies and procedures with <br />regard to the proper and effective use of the City' s.municipal credit <br />authority. <br /> <br />City of San Marcos Cash Management and Investment Policy <br />Page 3 of 24 <br />