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iKayfeld Ytruge Investnrent pvdicy <br />2.1.4 Capital Projects Funds: <br />Capital Tmprovement Fund <br />Municipal Center Complex Fund <br />L'pper 40 Praject Fund <br />Worton Park Sewer Improvement Fund <br />IvToreh County Line Sewer Froject Fund <br />Wilson Mills Road Impravement Fund <br />2_ 1.5 Fiduciry. Fund T,ypes: <br />2.1.5.1 Exnendabl.e Trust Funds: <br />Mayfield Union Cematery Tiust Fund <br />M.C.I.C. Fund <br />2,1,5,2 A encyfuxxds: <br />4BBC Permit Fees Fund <br />Perforrnance Bond Fund <br />Contractors' Retainage Pund <br />Seetiore 3.0 . 1'ruderace: Tnvestments shall be made with judgment and care-under <br />circumstances then prevailing-which person of prudence, discretion and intelligence <br />exercise in the management of their own affairs, not for speculatioxi, but far investment, <br />cansidering t;he grobable safety of their capital as well as the probable income to be <br />derived. <br />Sectio?t 3.1: The standard of prudence to be used by investment officials shall be the <br />`prudent person" standard aztd shall be applied in the context af managing an averall <br />poctfolio. Investinent officers acting in accardance with written procedures and the <br />investment policy and exercising; due diligence shall be relieved of personal <br />responsibility for an individual security's credit risk or market price changes, provided <br />devia#ions from expectations are repprted in atimety fashion and appropriate actian is <br />taken to conirxol adverse developments. <br />4. 0- Objective: The primary objectives, in priority order, of Mgyfield Village's <br />investmient activity shall be: <br />4.1 . LSrafetv. Safety of principal is ths foremost objective vf the investment program. <br />Investments of Mayfield Village shall be undertaken in a manner tha# seeks to ensure the <br />preservation of capital in the averall portfolio. To atta,in "this objective, diversificativn is <br />renuired in order that potentxal losses on individual securities do nvt excced the income <br />generated from the remainder of the portfolio. <br />Page 2 of 6