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6.G. - PaRedwoocT$i7 <br />City <br />Notes to the Basic Financial Statements <br />For the fiscal year ended June 30, 2018 <br />NOTE 2 - CASH AND INVESTMENTS (CONTINUED) <br />B. Investments, Continued <br />Under the provisions of the City's investment policy, and in accordance with California Government <br />Code, the following investments are authorized: <br />49 255 <br />Maximum <br />Maximum <br />Maximum <br />Percentage <br />Investment in <br />Authorized Investment Type <br />Maturity <br />of Portfolio <br />One Issuer <br />United States Treasury Obligations <br />5years <br />No limit <br />No limit <br />Federal Agency or Government Sponsored Enterprises (GSEs) <br />N/A <br />No limit <br />No limit <br />Local Agency Investment Fund <br />N/A <br />No limit <br />$65 Million <br />San Mateo County Pool <br />N/A <br />No limit <br />$50 Million <br />State and Local Agency Bonds <br />N/A <br />20% <br />5% <br />Money Market and Mutual Funds <br />N/A <br />20% <br />5% <br />Local Government Investment Pools <br />N/A <br />20% <br />No limit <br />U.S. Medium -Term Notes <br />5years <br />30% <br />5% <br />Non-negotiable Certificates of Deposit <br />3 years <br />10% <br />2% <br />Negotiable Certificates of Deposit <br />N/A <br />30% <br />5% <br />Prime Commercial Paper <br />270 days <br />25% <br />10% <br />Bankers' Acceptances <br />180 days <br />10% <br />2% <br />Repurchase Agreements <br />90 days <br />10% <br />No limit <br />Asset-backed Securities <br />5 years <br />20% <br />5% <br />Supranational Securities <br />5years <br />30% <br />5% <br />49 255 <br />