INVESTMENTPOLICY-Kentucky.docVIP

Investment Policy Sample Policy #1 INVESTMENT POLICY GENERAL POLICY It is the policy of The _________________________to invest public funds in a manner which will provide the highest investment return with the maximum security of principle while meeting the daily cash flow demands on the _______________and conforming to all state statutes and the District’s regulations governing the investment of funds. SCOPE This investment policy applies to all financial assets held directly by the__________________. These financial assets are accounted for in the_____________________ annual financial report and include all moneys in investment fund accounts. INVESTMENT OBJECTIVES The _____________________ primary investment objectives, in order of priority, are the following: A. Safety. Safety of principle is the foremost objective of the__________________ investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. B. Liquidity. The __________________ investment portfolio shall remain sufficiently liquid to enable the ___________________to meet all operating requirements which might be reasonably anticipated. C. Return on Investment. The ____________________investment portfolio shall be designed with the objective of attaining a market rate of return throughout the budgetary and economic cycles, taking into account the ________________ investment risk constraints and the cash flow characteristics of the portfolio. INVESTMENT AUTHORITY Management responsibility for the investment policy may be delegated by the Board to a designated official. Unless otherwise indicated, the designated official will be the Library Director. The official shall have the authority to uphold, subject to the approval or disapproval of the Board, to establish additional specific written procedures for the operation of the investment program, which