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The Finance Director shall provide the Finance Committee monthly investment reports that <br />provide the status and characteristics of the current investment portfolio. The investment report <br />should include schedules on: <br /> Portfolio diversification. <br /> Maturity distribution. <br /> A listing of all securities held by authorized investment category. <br /> Par value, amortized book value, and market value for all securities held. <br /> Monthly activity – purchases, sales, calls, and interest received. <br />Investment Policy Adoption & Amendment <br />The City’s Investment Policy shall be adopted by resolution of the City Council. The policy shall <br />be reviewed annually by management and any modifications made thereto must also be <br />approved by resolution of the City Council. <br />16 <br />