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Investment Policy Statement -Page 3 <br />The maximum length of maturity of any allowed Ohio Revise Code investment may <br />not exceed five (5) years. <br />Under no circumstances may the Village invest in a derivative as defined by the Ohio <br />Revised Code, reverse repurchase agreements or other funds prohibited by law <br />Reporting <br />The Director of Finance shall maintain a current inventory of all investments <br />including: <br />1. Description of each security; <br />2. Cost (principal); <br />3. Par value (if applicable); <br />4. Dates (purchase and maturity) <br />5. Rate of interest; <br />6. Seller <br />The Director of Finance shall also prepare and distribute annually a list of all <br />investments and a report on investment activity and returns. <br />Investment Policy Statement Adoption <br />This Investment Policy shall be adopted by Mayfield Village and, upon adoption, filed <br />in the office of the Auditor of State. The policy shall be reviewed on a regular basis <br />by the Director of Finance or a committee designated by the Village and any <br />modifications made thereto must be approved by Mayfield Village and, upon <br />adoption, filed in the office of the Auditor of State. <br />Acknowledgement: <br />For Mayfield Village: <br />Director of Finance <br />Date <br />For Depository: <br />Signature, Title <br />Date <br />Depository Name <br />