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Investment Policy <br /> Page -5- <br /> <br />X. INVESTMENT CONTRACT <br /> <br /> All investment contracts shall be routed through the City Attorney's office prior to <br /> signing by the Treasurer/Assistant Treasurer. <br /> <br />XI. CONTINUING EDUCATION <br /> <br /> Treasurer and Assistant Treasurer shall attend investment training at/east once a year. <br /> <br />XH. WIRE TRANSFERS <br /> <br /> All wire transfers exceeding $250,000 must be authorized by at least two members of <br /> the staff. <br /> <br />XIII. INTERNAL CONTROLS <br /> <br /> A Finance Department staff member who is not involved in the purchase of <br /> investments, wire transfers, or maintaining the genera//edger shall be designated the <br /> responsibility of reviewing and reconciling the monthly reports received from brokers <br /> and dealers. This review shall include but not be limited to reconciling the listing and <br /> amounts of each investment as submitted by the dealer/broker with the records <br /> maintained by the Treasurer Each month, the same staff person will also confirm the <br /> interest receivable amounts and schedules prepared by the Treasury staff and compare <br /> these items with those submitted by the broker/dealer. <br /> <br /> 6-27-94B <br /> <br /> WordDVnvestrnent~oolicy <br /> <br /> <br />