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<br />I <br /> <br />I <br /> <br />I <br /> <br />APPENDIX l~ <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-tn-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 />Il. CASH REVIEW <br /> <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 /> <br />- All balances and float amounts at contracted depository bank. <br />- An maturing investments. <br />- AJJ incoming wires, bond sales and other anticipated receipts, <br />- All olltgoing wires, bond and coupon payments (debt service) and other antIcipated cash <br />disbursements. <br /> <br />Ill. INV}:STMENT 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 />Infonnationincluding 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 stati~ti.cs_ <br />- Input from independent data services (Bloomberg, Reuters, etc.) <br /> <br />City of San Marcos Investment Policy <br /> <br />Page 40 <br />