Item 4EResolution 09-059 Annual Review of Investment Policy and Strategies September 15, 2009 Purpose of Review Public Funds Investment Act Section 2256 Requires the governing body to review
its policy and strategies annually (last review September 2008) Resolution No. 09-059 Policy reviewed against the Public Funds Investment Act Identified no necessary changes to the
investment policy. Investment Strategy Operating funds First objective is to assure that anticipated cash flows are matched with adequate investment liquidity. Second objective is to
create a portfolio structure which will experience minimal volatility during economic cycles. Investment Strategy Debt service funds Primary objective: to ensure adequate investment
liquidity to cover the debt service obligation on the required payment date. Investment Strategy Special projects, special purpose, or construction fund Primary objective: to ensure
anticipated cash flows are matched with adequate investment liquidity. Investment Authority Investment Officer(s) of the City are responsible for investment decisions and activities.
Director of Finance Deputy Director-Administration City staff involved in the investment process shall refrain from personal business activity Investment Objectives Safety Liquidity
Yield Public Trust QUESTIONS? Please contact Sharen Jackson 817.748.8042 First objective is to assure that anticipated cash flows are matched with adequate investment liquidity.
Second objective is to create a portfolio structure which will experience minimal volatility during economic cycles. This may be accomplished by purchasing high quality, short to medium
term securities which will complement each other. A dollar weighted average maturity of 365 days or less will be calculated using the stated final maturity date of each security. Securities
purchased shall not have a stated maturity date which exceeds the debt service payment date. These portfolios should include at least 10% in highly liquid securities to allow for flexibility
and unanticipated project outlays. The stated final maturity dates of securities held should not exceed the estimated project completion date. City staff have reviewed the investment
policy against the Public Funds Investment Act and have not identified any necessary changes to the investment policy. The Finance Director and Deputy Director-Administration are designated
as Investment Officer(s) of the City and are responsible for investment decisions and activities. City staff involved in the investment process shall refrain from personal business
activity that could conflict with proper execution of the investment program, which could impair the ability to make impartial investment decisions * *