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CITY OF EVERETT <br /> GENERAL INhEEverett City Council <br /> STMENT POLICY 1 <br /> Adopted bye <br /> As of 2001 <br /> 1.0 Polic . It is the City of Everett's policy to invest its funds-in a manner <br /> which will provide dailycash flow demands, and <br /> degee- maximum security, while-meeting <br /> conformer to all state statutes and local ordinances governing the <br /> investment of public funds and •rovide a market rate of return throu•h <br /> bud eta and economic cycles. -- • - , - <br /> Council, <br /> 2.1 sup e. This Investment Inve Investment Policyandapplies to ll financial <br /> supersedes any previous Fire Pension Funds,which are <br /> assets of the City, except nvestmhe lice ent polliiic es Funds covered under this <br /> covered underrseparate <br /> policy include: <br /> 2.2 Funds: <br /> 2.2.1 General Fund <br /> 2.2.2 Special Revenue Funds <br /> 2.2.3 Debt Service Funds <br /> 2.2.4 Capital Projects Funds <br /> 2.2.5 Enterprise Funds <br /> 2.2.6 Internal Service Funds <br /> 2.2.7 Fiduciary Funds including Pension Trust Funds, Expendable Trust <br /> Funds and Agency Funds. <br /> These funds are accounted for in the Com•rehensive Annual Financial <br /> Reno-rt. <br /> 3.1 PnjdenGeStandards of Care. investments shall be made with <br /> judgment and care--undercircumstances <br /> ndante(li_•ence exe else in th e <br /> which <br /> •erson of •rudence discretion for <br /> investment, <br /> , t f their <br /> taffairs <br /> e probable safety oftheCity City's capital as <br /> investment, considering <br /> well as the probable income to be derived. <br /> 3.2 The standard ofprudenceGar to be used by investr shall be the <br /> off=' '' ' ` • � � lied in the <br /> prudent storfin standard and shall be app <br /> context of managing an overall portfolio un=vailin <br /> economic conditions at the moment of investment commitments <br />