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22-3304 Addendum to the City Investment Policy
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22-3304 Addendum to the City Investment Policy
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4/17/2022 10:53:13 PM
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City Clerk
City Clerk - Doc Type
Resolutions
City Clerk - Date
4/11/2022
Doc Number
22-3304
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City of Casselberry, Florida <br />Exhibit A <br />ADDENDUM TO <br />STATEMENT OF INVESTMENT POLICY <br />FOR <br />Sawgrass Asset Management <br />(Project Funding Account) <br />Sawgrass Asset Management has been retained by the City of Casselberry to manage a dedicated <br />project funding portfolio of fixed income and cash equivalent securities. <br />ADDENDUM <br />This Addendum is a part of the City of Casselberry Operating Funds Investment Policy and <br />is intended only to complement the objectives and guidelines outlined therein. By signing <br />this addendum, the investment manager understands and agrees to adhere to the guidelines, <br />investment manager responsibilities, and other conditions therein. <br />GUIDELINES <br />Within the guidelines contained in the Statement of Investment Policy established for the City, the <br />portfolio must comply with the following: <br />Proiect Funding Account <br />The goal of this separate portfolio is to maximize the total yield while providing safety within the <br />investments. The portfolio will be structured to match the maturities of holdings with expected <br />
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