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STATEMENT OF INVESTMENT POLICY <br />OBJECTIVES & GUIDELINES <br />Mayfield Village <br />Investment Policy <br />It is the policy of Mayfield Village to invest public funds in a manner which will <br />provide the highest investment return with the maximum security, safety and <br />preservation of principal while meeting the daily cash flow demands of the Village <br />and conforming to all applicable statues governing the investment of public funds. <br />The Director of Finance is the investment officer for the Village, charged with the <br />responsibility for the purchase and sale of investments and carrying out this <br />Investment Policy. <br />Scope <br />This Investment Policy applies to all financial assets of the Village. The Director of <br />Finance shall routinely monitor the contents of the Village's investment portfolio, the <br />available markets and relative value of competing investments and will adjust the <br />portfolio accordingly. <br />Prudence <br />Investments shall be made with judgment and care, under circumstances then <br />prevailing, which persons of prudence, discretion and intelligence exercise in the <br />management of their own affairs, not for speculation, but for investment, considering <br />the probable safety of their capital as well as the probable income to be derived. <br />The standard of prudence to be used by the Director of Finance shall be the "prudent <br />person" standard and shall be applied in the context of managing the overall <br />portfolio. Acting in accordance with this investment policy and exercising due <br />diligence shall relieve the Director of Finance of personal responsibility for an <br />individual security's credit risk or market price changes. <br />Objectives <br />The primary objectives, in order of importance, of the Village's investment activities <br />shall be: <br />Safety: Safety of principal is the foremost objective of the investment program. <br />Investments of the Village shall be undertaken in a manner that seeks to ensure the <br />preservation of capital in the overall portfolio. <br />Liquidity: The Village's investment portfolio will remain sufficiently liquid to enable it <br />to meet all operating requirements which might be reasonably anticipated. <br />EXHIBIT A <br />