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Investment Policy <br />May 2011 Page 6 of 6 <br />6.1.D. - Page 8 <br />Certification signed by the Treasurer and Deputy Treasurer that sufficient liquid <br />resources (including maturities) are available to meet the next six months cash flow. <br />Listing of all brokers and total business transacted during the month. <br />XII. INVESTMENT CONTRACT <br />All investment contracts shall be routed through the City Attorney's office prior to signing by the <br />Treasurer. <br />XIII. CONTINUING EDUCATION <br />The Treasurer and Deputy Treasurer shall attend investment training at least once a year. <br />EIDMgf11N40 9ZIM0 &1l a =IZK <br />All wire transfers exceeding $250,000 must be authorized by at least two members of the staff. <br />XV. INTERNAL CONTROLS <br />A Finance Department staff member who is not involved in the purchase of investments, wire <br />transfers, or maintaining the general ledger shall be designated the responsibility of reviewing <br />and reconciling the monthly reports received from brokers and dealers. This review shall <br />include, but not be limited to, reconciling the listing and amounts of each investment as <br />submitted by the dealer /broker with the records maintained by the Treasurer. Each month, the <br />same staff person will also confirm the interest receivable amounts and schedules prepared by <br />the Treasury staff and compare these items with those submitted by the broker /dealer. <br />PATJ 9 =IN44:211010161;1111144*411] III II *? <br />All securities owned by the City, excluding Certificates of Deposit, shall be held in safekeeping <br />by a third party administrator (custody bank or trust department) acting as agent for the City <br />under the terms of a custody or trustee agreement executed by the bank and the City. All <br />securities will be received and delivered using the standard delivery versus payment (DVP) <br />procedure. <br />