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