2011 025 Ordinance - Laserfiche WebLink

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Investment Policy Statement -Page 2 Return on Investment: The Village's investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account this Investment Policy and the cash flow characteristics of the portfolio. To the extent possible, the Village will attempt to match its investments with anticipated cash flow requirements. Ethics and Conflict of Interest Persons involved in the investment process shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. All employees, officers and investment management consultants to the Village shall subordinate their personal investment transactions to those of the Village, particularly with regard to the timing of purchases and sales. Authorized Financial Dealers and Institutions The Director of Finance will maintain a list of financial institutions and approved security broker dealers who are authorized to provide investment services and which qualify under Section 135.14(M)(1) of the Revised Code. All financial institutions, broker dealers and consultants which desire to conduct investment business with the Village must sign the Investment Policy, certifying they have read it, understand it and agree to abide by its contents. Authorized Investments The Village is empowered by statute to invest in the following types of securities: 1. Bonds, notes, or other obligations of or guaranteed by the United States, or those for which the faith of the United States is pledged for payment of the principal and interest thereon but does not include stripped principal or interest obligations of such obligations; 2. Bonds, notes, debentures, or any other obligations or securities issued by a federal government agency or instrumentality; 3. Interim deposits in Village approved depositories which shall be collateralized pursuant to the requirements of the Ohio Revised Code; 4. Bonds and other obligations of the State of Ohio; 5. No-load money market mutual funds consisting exclusively of obligations described in 1 or 2 above or repurchase. agreements secured by such obligations, provided such investments are made only through banks and savings and loan institutions authorized by Section 135.03 of the Revised Code. 6. The Ohio Subdivision Fund (STAR Ohio)