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<br /> ELIGIBLE' JESTMENTS <br /> Eligible Investments shall conform to state law and will include <br /> any of the following: <br /> 1.) U.S. Treasury Bills; <br /> 2. ) U. S. Treasury Notes; <br /> 3. ) Any federal agency securities (short-term bonds <br /> and discounts notes) which the investment officer <br /> clearly understands and is competent to handle. <br /> 4. ) Fully insured or collateralized certificates of <br /> Deposits; <br /> 5.) Repurchase agreements in securities listed in (1) , <br /> (2) or (3) above with the following conditions: <br /> a) Written Agreement <br /> b) The securities must be marketable <br /> c) Market Value of such securities must be at all <br /> times at least equal to the funds invested. <br /> d) Title to or perfected security interest in <br /> securities must be transferred to the City or a <br /> custodian selected by the Director of Finance. <br /> e) Securities must be actually delivered to the <br /> city or a custodian selected by the Director <br /> of Finance. <br /> 6.) Any interest in any local government investment <br /> pool organized pursuant to the provisions of <br /> C.R.S. Sections 24-75-601, 24-75-701 and <br /> 24-75-702. (Colotrust, Jeff trust, CSafe) <br /> Unless otherwise stated, all investments must be held by the <br /> city, in the city's name, or in the custody by a third party on <br /> behalf of the city, or in a custodial account with a Bank <br /> selected by the Director of Finance. <br /> The maximum maturity date for all securities above is no more <br /> than 5 years from the date of purchase unless otherwise <br /> authorized by the City Council. <br /> DIVERSIFICATION <br /> The city will diversify use of investment instruments to avoid <br /> incurring unreasonable risks inherent in overinvesting in <br /> specific instruments, individual financial institutions or <br /> maturities. <br /> Investment maturities for operating funds shall be scheduled to <br /> coincide with projected cash flow needs, taking into account <br /> large routine expenditures (payroll, bond payments) as well as <br /> considering sizable blocks of anticipated revenue (sales tax, <br /> property taxes). <br /> Investment of capital project funds shall be timed to meet <br /> contractor payments. <br /> COMPETITIVE QUOTES <br /> The city will seek competitive quotes on all investments. <br /> Investments will be made on the basis of the legality, safety, <br />