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<br />'" <br /> <br />Exhibit IIAfI <br /> <br />CITY OF REDWOOD CITY <br /> <br />INVESTMENT POLICY AND GUIDELINES <br /> <br />AMENDED: SEPTEMBER 26, 1990 <br /> <br />I. I NTRODUCTI ON <br /> <br />City monies not required for immediate expenditure shall be <br />invested in compliance with governing provisions of law (see <br />Redwood City Charter Section 34, Government Code Sections 53600 <br />et seq., Redwood City Code Sections 2.33.1 et seq.) and this <br />policy. <br /> <br />The City shall maintain adequate cash availability and maximum <br />yield on invested idle funds while insuring that principal <br />invested is protected from loss. <br /> <br />Investments shall be made in a range of instruments to insure <br />diversification of the City1s portfolio and liquidity of assets <br />in an emergency situation. <br /> <br />Scope: This policy shall cover all investments for all City funds <br />in the custody and control of the City Treasurer and which are <br />accounted for in the City.s Comprehensive Annual Financial Report. <br /> <br />Prudence: All investments shall be made within the policy framework <br />of liquidity and safety with judgement and care which a person of <br />prudence and intelligence would, under circumstances when <br />prevailing, exercise in the management of hiS/her affairs. <br /> <br />Policy Objective: The primary objectives of this policy in order of <br />priorities are: <br /> <br />Safety: Safety of the Principal shall be the <br />top priority in consideration of any investment <br />undertaken by the City Treasurer. The portfolio <br />shall be so diversified that the losses, if any~ <br />on particular securities or from an institute <br />shall be offset by the revenue generated from <br />other investments. <br /> <br />Liquidity: The Treasurer shall keep the portfolio <br />sufficiently liquid to meet the operating and <br /> <br />Page 1 of 6 <br /> <br />11401 <br />