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City of St Anthony <br />Financial Plan <br />The City will analyze market conditions and investment securities to determine what <br />yield can be obtained and attempt to secure the best possible return on all investments <br />consistent with security and liquidity requirements. Portfolio diversification must also be <br />considered so that investments are not concentrated in one institution, in one type of <br />investment, or purchased from one dealer. <br />The investment portfolio of the City shall be designed to attain an average rate of return <br />regularly exceeding the average return on three month U.S. Treasury bills, while <br />seeking to augment returns above this threshold consistent with budgetary cycles, <br />economic conditions, risk limitations, and prudent investment principles. <br />Investment officials participating in the investment process shall seek to act responsibly <br />as custodians of the public trust and shall avoid any transaction that might impair public <br />confidence in the City of St. Anthony's ability to govern effectively. <br />Staff will provide the City Council with a monthly report of the yield and status of the <br />City's investment portfolio. <br />118 <br />