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6.A. - Page 18 of 40 <br />CITY OF REDWOOD CITY <br />INVESTMENT POLICY <br />5. Broker/Dealer relationships <br />6. Cash handling, cash management, and accounting practices <br />B. Such procedures shall include explicit delegation of authority to persons responsible for <br />investment transactions. No person may engage in an investment transaction except as provided <br />under the terms of this policy and the procedures established by the City Treasurer. <br />C. Allocation of Pool Interest <br />1. All interest earnings related to the investment pool will be allocated to the General Fund unless <br />specifically directed by Federal or State statute, City Council directive, or contractual <br />agreement. <br />2. The allocation methodology will be maintained by the City Treasurer. <br />XVIII. Reporting <br />A. The City Treasurer will provide a monthly report of transactions to City Council. <br />B. The City Treasurer will provide a report to the City Manager and City Council f u r ti m es p e r <br />ye a r which will include the following information by security, as applicable, held at the end of the <br />reporting period: <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 />Approved by Council MO 20-001 on 1/13/20 14 <br />W <br />