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1 1 <br /> • <br /> 5.3 The City Investment Committee shall be composed of a minimum <br /> ofthrce individuals: Finance Director Treasurer, Investment Officer, <br /> 1,A a"- c- <br /> Ai'9'Pef ibec <br /> 5.4 Records of Investment Committee meetings and decisions shall be <br /> Dele•ation of Authori <br /> 5.1 Investment Committee: The Investment Committee will be responsible for providing <br /> oversight to ensure that compliance is maintained with this policy and established internal <br /> controls,and for determining the overall strategy for the investment pro <br /> the ra nes kineepi <br /> ng policy. <br /> with <br /> • The Investment Committee shall be composed of three members: the Chief Financial <br /> Officer,the Treasurer,and one other senior member of the Finance Department as determined <br /> by the Chief Financial Officer. <br /> • The Investment Committee shall meet quarterly or as needed as determined by the <br /> Committee. <br /> 5.2 Daily Management: Authority for day-to-day management of the City's investment program <br /> is hereby delegated to the Treasurer,who shall be responsible for all transactions undertaken <br /> and shall establish a system of controls to regulate the the <br /> proceduresf subordinate staff, and their <br /> in absence of the Treasurer. <br /> • Investment procedures for the operation of the investment program shall be consistent <br /> with this policy. Such procedures shall include explicit delegation of authority to persons <br /> responsible for investment transactions.of thiNo son may engage in an and the proceduresestablished tby the transaction <br /> except as provided under the ter policy <br /> Treasurer. 5765.1 <br />