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6.A. - Page 17 of 22 <br />period: <br />CITY OF REDWOOD CITY <br />INVESTMENT POLICY <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 next <br />six months, or provide an explanation as to why sufficient money shall, or may, not be <br />available. <br />XIX. Investment Policy Adoption <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 />XX. Indemnification of Investment Officials <br />Investment officers acting in accordance with this Policy and written procedures, and reporting and taking <br />appropriate action regarding any adverse developments in a timely manner, will not be held personally <br />liable for any investment losses. <br />XXI. Glossary of Common Treasury Terminology <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 duration <br />of the portfolio's investments. <br />BID: The price offered by a buyer of securities. (When you are selling securities, you ask for a bid.) See <br />Offer. <br />BROKER: A broker brings buyers and sellers together for a commission. <br />CERTIFICATE OF DEPOSIT (CD): A time deposit with a specific maturity evidenced by a Certificate. Large - <br />denomination CD's are typically negotiable. <br />Approved update: °% <br />14 <br />35 <br />