Laserfiche WebLink
CITY OF REDWOOD CITY <br />INVESTMENT POLICY <br /> draft update: 8/28/17 14 <br /> <br />XVIII. Reporting <br /> <br />A. The City Treasurer will provide a monthly report to the City Manager and City Council which <br />will include the following information by security, as applicable, held at the end of the reporting <br />period: <br /> <br />1. Investment Type/Description <br />2. Issuer <br />3. Purchase Date <br />4. Maturity and Call Dates <br />5. Book Value/Purchase Price <br />6. Par Value <br />7. Market Value <br />8. Yield by Security and Weighted Average <br />9. Source of Market Valuation <br />10. Weighted Average Maturity <br />11. Funds, investments and loans, if any, that are under the management of contracted parties <br />12. Un-invested cash balances <br />13. A description of the compliance with the statement of investment policy, or an explanation <br />of any non-compliance. <br />14. A statement denoting the ability of the City to meet cash flow requirements for the <br />next six months, or provide an explanation as to why sufficient money shall, or may, not be <br />available. <br /> <br />XIX. Investment Policy Adoption <br /> <br />The City’s investment policy shall be adopted by motion of the City Council, who shall also review the <br />policy annually and approve any modification thereto. <br /> <br />XX. Indemnification of Investment Officials <br /> <br />Investment officers acting in accordance with this Policy and written procedures, and reporting and <br />taking appropriate action regarding any adverse developments in a timely manner, will not be held <br />personally liable for any investment losses. <br /> <br />XXI. Glossary of Common Treasury Terminology <br /> <br />AGENCIES: Federal agency securities and/or Government-sponsored enterprises. <br />ASKED: The price at which securities are offered. <br />BANKERS’ ACCEPTANCE (BA): A draft or bill or exchange accepted by a bank or trust company. The <br />accepting institution guarantees payment of the bill, as well as the issuer. <br />BENCHMARK: A comparative base for measuring the performance or risk tolerance of the investment <br />portfolio. A benchmark should represent a close correlation to the level of risk and the average <br />duration of the portfolio’s investments. <br />6.1.B. - Page 40