My WebLink
|
Help
|
About
|
Sign Out
Home
Search
09-22-14 Council Packet
LinoLakes
>
City Council
>
City Council Meeting Packets
>
1982-2020
>
2014
>
09-22-14 Council Packet
Metadata
Thumbnails
Annotations
Entry Properties
Last modified
1/14/2015 1:54:01 PM
Creation date
9/25/2014 2:12:31 PM
Metadata
Fields
Template:
City Council
Council Document Type
Council Packet
Meeting Date
09/22/2014
Council Meeting Type
Regular
There are no annotations on this page.
Document management portal powered by Laserfiche WebLink 9 © 1998-2015
Laserfiche.
All rights reserved.
/
145
PDF
Print
Pages to print
Enter page numbers and/or page ranges separated by commas. For example, 1,3,5-12.
After downloading, print the document using a PDF reader (e.g. Adobe Reader).
View images
View plain text
CITY OF LINO LAKES <br />INVESTMENT POLICY <br />I. Scope <br />This policy applies to the investment of all municipal funds. <br />1. Pooling of Funds Except for cash in certain restricted and special funds, the City of <br />Lino Lakes will consolidate cash balances from all funds to maximize investment earnings. <br />Investment income will be allocated to the various funds based on their respective participation <br />and in accordance with generally accepted accounting principles. <br />II. General Objectives <br />The primary objectives, in priority order, of investment activities shall be safety, liquidity, and <br />yield: <br />1. Safety Safety of principal is the foremost objective of the investment program. <br />Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the <br />overall portfolio. The objective will be to mitigate credit risks and interest rate risk. <br />a. Credit Risk The City of Lino Lakes will minimize credit risks, the risk of loss <br />due to the failure of the security issuer or backer, by: <br />* Limiting investments to those investments specified in Minnesota Statutes <br />118A <br />* Annually appointing the financial institutions, broker/dealers, <br />intermediaries, and advisers. <br />* Diversifying the investment portfolio so that potential losses on <br />individual securities will be minimized. <br />b. Interest Rate Risk The City of Lino Lakes will minimize the risk that the <br />market value of securities in the portfolio will fall due to changes in general interest rates, by: <br />* Structuring the investment portfolio so that securities mature to meet <br />cash requirements for ongoing operations. <br />* Investing municipal funds primarily in shorter -term securities. <br />1 <br />
The URL can be used to link to this page
Your browser does not support the video tag.