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<br />CITY OF SUNNY ISLES BEACH <br /> <br />INVESTMENT/PORTFOLIO POLICY <br /> <br />PURPOSE <br /> <br />It is the intent of this policy to provide the Finance Director or designee <br />sufficient latitude to effectively manage the City's financial assets so as to <br />protect the principal, provide sufficient liquidity and maximize the return on <br />investments within an acceptable exposure to risk. In an effort to accomplish <br />the aforementioned, this policy identifies various portfolio parameters <br />addressing investment instruments, issuer diversification, maturity <br />constraints, investment ratings, and liquidity. <br /> <br />SCOPE <br /> <br />This investment policy applies to all financial assets held or controlled by <br />the City of Sunny Isles Beach, except for pension and deferred <br />compensation funds. <br /> <br />All financial assets held or controlled by the City, not otherwise classified as <br />restricted assets requiring separate investing, shall be identified as " funds' <br />of the City for the purpose of this policy, and shall be invested under the <br />guidelines as herein set forth. The guidelines, provided herein are the general <br />operating procedures. <br /> <br />Funds group included: <br /> <br />I General Fund <br />2 Special Revenue Funds <br />3 Debt Service Funds <br />4 Capital Projects <br />5 Enterprise Funds <br />6 Internal Service Funds <br />7 Agency Funds <br />8 Any new fund group created by the City, unless <br />specifically exempted by the City Commission. <br /> <br />Page I of 12 <br />