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FALCON HEIGHTS INVESTMENT POLICIES <br />A. Daily Cash Balance Cash Forecastine and Pooling of Investments <br />The City policy requires the pooling of all available case and investing the total cash at <br />the highest available rate. Efficient investment of funds starts with knowing what your <br />cash is on a daily basis, and what your future cash needs will be, particularly for major <br />bill paying times such as bond payment dates. This includes making weekly deposits of <br />cash receipts and maintaining small balances in checking and savings accounts. <br />B. Safety of Principal <br />Safety of principal is the first priority in investing City funds. The City is only <br />authorized to invest in those investments complying with the requirements of Minn. Stat. <br />§ § 118A.04, 118A.05 and 118A.06 <br />C. Authorized Investments <br />Examples of authorized investments are as follows: <br />1. Direct U.S. Government obligations <br />a. Treasury Bills <br />b. U.S. Treasury Certificates <br />c. Treasury Notes <br />d. Treasury Bonds <br />e. Treasury Strip Coupon <br />f. Treasury Receipt <br />2. Shares in investment companies whose only investments are U.S. <br />Government and Agency issues. <br />3. Obligations of the State of Minnesota. <br />4. Bankers acceptances of United States banks eligible for purchase by the Federal <br />Reserve System <br />5. Commercial Paper -rated A-1, P-1 and F-1 (when available) for maturities of 270 <br />days or less. <br />6. Irrevocable Letter of Credit (LOC). <br />7. Interest bearing deposits - (Checking Accounts, CD's, money market savings, <br />ordinary savings) must be collateralized at a minimum of 110% of face value. <br />• <br />