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<br />3. The design and implementation of suitable "controlled disbursement" programs, which <br />will ensure that the City's expenses are met in timely manner, but not in such a way as to I <br />jeopardize the earning capacity of the City's portfolio. <br />4. The utilization of modern and efficient techniques and technology for the physical <br />movement of money, taking advantage oftechnological and operational procedures. <br />5. The design and implementation of banking relationships which m:e both favorable to the <br />City and responsive to the day-to-day requirements of the City's complex financial <br />operations. <br />6. The design of investment policies and procedures to ensure the total safety of all funds <br />while allowing the City to maximize its interest earnings. <br />7. The design and implementation of appropriate policies and procedures with regard to the <br />proper and effective use ofthe City's municipal credit authority. <br /> <br />XVII. <br /> <br />INVESTMENT POLICY ADOPTION <br /> <br />The City's Investment Policy shall be annually reviewed and adopted by resolution of the City <br />Council. Any modifications made thereto must be noted in the Resolution. <br /> <br />I <br /> <br />I <br /> <br />City of San Marcos Investment Policy <br /> <br />Page 8 <br />