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City of St Anthor; .37 <br /> Financial Pla,. <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 /> 6 <br />