2020 058 RESOLUTION - Laserfiche WebLink

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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 properly insured or collateralized pursuant to the requirements of the Ohio Revised Code. This includes investments in certificates of deposit with FDIC insurance coverage on the full amount of deposit plus accrued interest administered through the Certificate of Deposit Account Registry Service (CDARS). Eligibility of this investment is outlined in Section 135.144 of the Revised Code and would also apply to any other program that is deemed to meet the requirements of such statute: 4. Bonds and other obligations of the State of Ohio or the political subdivisions of this state subiect to the restrictions of Section 135.14 (13)(4) of the Revised Code; 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) 7. Commercial paper rated in the highest credit rating by at least two nationally recognized credit rating agencies and subject to the restrictions of Section 135.14 of the Revised Code: 8. Bankers Acceptance subject to the restrictions of Section 135.14 of the Revised Irw Code. The maximum length of maturity of any allowed Ohio Revise Code investment may not exceed five (5) years. Under no circumstances may the Village invest in a derivative as defined by the Ohio Revised Code, reverse repurchase agreements or other funds prohibited by law Reporting The Director of Finance shall maintain a current inventory of all investments including: 1. Description of each security; 2. Cost (principal); 3. Par value (if applicable); 4. Dates (purchase and maturity) 5. Rate of interest; 6. Seller The Director of Finance shall also prepare and distribute annually a list of all investments and a report on investment activity and returns.