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E, Ba-ilc Deposits of Certificates of Deposit - At the time of purchase, <br />such securities must have a maturity no greater tltatr one year from the <br />date of settlement to the maximum possible maturity date, <br />F, Local Govermnent Investment Poois - At the time of purchase, <br />shares in the local government investment pool must be fully redeemable <br />on the next business day. <br />G. The h'larida Local Governtnent Surplus Funds Trust .Fund as <br />administered by the State Board of Administration (SBA) - At the time of <br />purchase, shares in tite SBA pool must be fitlly redeemable on the next <br />business day. <br />H, Money,Market Mutual Funds - At the time of puuchase, shares in <br />the money market fund must be fully redeemable on the next business day. <br />I, Reurchase Agreements - Foz• repurchase agreements, at the time <br />of purchase such agreements must have a maturity tto greater than one <br />year from the date of settlement. The forward delivery period on such <br />securities may not exceed 60 days. <br />J• 4vera1l Portfolio Interest Rata Risk - At Ieast 25% of the portfolio <br />must provide daily liquidity. At na time may the City purchase auy <br />security: <br />1) With current operating fluids having a maturity greater than <br />eighteen (1 $) months; <br />2) With non-operating finds having a maturity greater than S <br />years. <br />Diversification Limits -Chapter 281,415 (8) 1{lorida Stattttas states that the <br />investment policy shall provide for appropriate diversification of the investment <br />pot'tfOltO, The specific diversification guidelines for the City will be determined <br />based on the individual requirements of the City, At the tithe of purchase, each <br />investment instrument, as a percentage of the total portfolio value, shall be within <br />the following limits: <br />9 <br />