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APPENDIX E <br /> <br /> CITY OF SAN MARCOS <br /> INVESTMENT PROCEDURES <br /> <br />I. PURPOSE <br /> <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 /> <br />II. CASH REVIEW <br /> <br />The City Investment Officer must review the cash balances and investment portfolio at least daily, <br />or as needed. Items to be reviewed should include: <br /> <br />- Ail balances and float amounts at contracted depository bank. <br />- All maturing investments. <br />- Ail incoming wires, bond sales and other anticipated receipts. <br />- Ail outgoing wires, bond and coupon payments (debt service) and other anticipated cash <br /> disbursements. <br /> <br />III. INVESTMENT SELECTION <br /> <br />The City Investment Officer determines how much of the cash balance is available for investment <br />and selects the maximum maturity date. <br /> <br />The contracted Investment Advisor will review market conditions and suggest suitable recommended <br />investments. <br /> <br />Information including the following is used to determine optimal maturity to take advantage of <br />cun'ent and expected interest rate enviromnents: <br /> - Market information (yield analysis, spread analysis, and furore expectations) <br /> - General trends of economic statistics. <br /> - Input from independent data services (Bloomberg, Reuters, etc.) <br /> <br />City of San Marcos Investment Policy Page 40 <br /> <br /> <br />