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6.1.A. - Page 8 <br /> Investment Policy <br /> � May �8a-1-2012 <br /> Page 6 of 6 <br /> Certification signed by the Treasurer and Deputy Treasurer stating ...."These are all the <br /> securities in which the City funds, including all Trust Funds and Oversight Agencies are <br /> invested (excluding approved deferred compensation plans) and all of these <br /> investments are in compliance with the City policy." <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 /> XIV. WIRE TRANSFERS <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 /> XVI. SAFEKEEPING OF SECURITIES <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 />