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Investment Policy Fiscal Year 2004

General

• Authority
  
• Scope
  
• Delegation
  
• Standard of Care
  
• Ethics and Avoidance of Conflicts of Interest
  
• Internal Control

Applicable Ordinances

• Nuclear Free Zone Ordinance
  
• Linked Banking Ordinance
  
• Tobacco Divestiture Resolution
  

The Portfolio

• Definition of Portfolio
  
• Objectives
  
• Custody
  
• Reporting Requirements
  
• Derivatives
  
• General Credit Quality
  
• Maturity
  
• Trading Policies

Permitted Investments

• U.S. Treasury Securities
  
• Federal Agencies and Instrumentalities
  
• Banker's Acceptances
  
• Commercial Paper
  
• Medium Term Notes
  
• Negotiable Certificates of Deposits
  
• Repurchase Agreements
  
• Reverse Repurchase Agreements
  
• Secured Obligations and Agreements
  
• Certificates of Deposits
  
• Money Market Mutual Funds
  
• State Investment Pool (Local Agency Investment Fund)
  
• Local City/Agency Bonds
  
• State of California Bonds
  
• Other Local Agency Bonds
  

(Last Updated June 2003)