10-2145 Revised City Investment Policy

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Florida Statutes. Such deposits in QPD's must be coIlatet'alized aceot'ding to the statutory t'equirenlents. F. Local Govetntnent Investment Pools - At the time of purchase, local govertunent investment pool must catty a AAAtn rating from Standard & Poor's, AAA from Moody's or AAA fi•otn Fitch• F. The Florida Local Government Surblus Funds Trost Fund as administered by the State Board of Administration (SBA~~ At the tithe of purchase, the state pool must carry a AAAtn rating from Standard & Poor's, AAA from Moody's or AAA from Fitch. G. Money Market Mutual Funds - At the time of purchase, money market fitnd must carry a AAAtn rating from Standard & Poar's, AAA from IVloody's or AAA from Fitch. I-I. Repurchase Agreements .. At the time of purchase the counter- party to any such agreements mast carry short-term credit ratings which conform to those required by paragraph D of this Subsection V,2. I. Deposits in Qualified State Depositories (QPD) -- Banks deposits must comply with Chapter 2$0.1.6 Florida Statutes, Such deposits in QPD must be collateralized according to the statutory r•equit•ements, 3, Interest Rate Rislc Restrictions -Securities they be purchased if at the time of purchase the securities meet the following credit quality criteria: A. The United States Treasury and Agency securities backed by the fall faith and credit of the United States govet'nmetrt - At the time of purchase, securities must have a maturity tto greater than of frve (S) years from the date of settlement to the maximum possible maturity date. The forward delivery period on such securities Wray not exceed GO days. B, Government Suonsored Enterurises [G,S,E,~ _ At the time of purchase, securities mast have a maturity no greater than of five years from the date of settlement to the tataximum possible maturity date. The forward delivery period on such securities may trot exceed 60 days. C. State & Local Governments - At the time of purchase, such securities tntrst have a maturity no greater than of eve years from the date of settlement to the maximum possible maturity date. The forward delivery period on such securities may not exceed 60 days. These criteria will not apply to the purchase of the outstanding debt of the City. D, Corporate Debt Instrutaterats and Coznntet•cial PaUer - At the time of purchase, such securities must have a maturity no greater than three years from the date of settlement to the rnaxinuun possible maturity date. The forward delivery period on such securities may not exceed GO days.