2005 MWMC Financial Plan - Laserfiche WebLink

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Oregon State and Local Obligations No more than 20% of the total portfolio Regional Debt Obligations No more than 20% of the total portfolio. Time Deposit and Savings Accounts FDIC or FSLIC insured to $100,000, and in accordance with ORS Chapter 295, the financial institution must hold with the Oregon Certification of Participation Collateral Pool eligible securities pledged to secure not less than 25% of the aggregate amount of the City's funds held in deposit, less the insured $100,000. State of Oregon Investment Pool (LGIP) With the exception ofpass-through funds (in and out within 10 days), no more than the state annual maximum amount invested as detailed in ORS 294.810(2). INVESTMENT MATURITY Maturity limitations will depend upon whether the funds being invested are considered short- term or long-term funds. All funds will be considered short-term except those reserved for capital projects. Except for special situations, as directed by the Finance Director, investments will be limited to maturities not exceeding 18 months (ORS 294.135). Short-Term Portfolio (under 18 months) Funds considered short-term will be invested to coincide with projected cash needs, taking into account large routine expenditures (bond payments, payroll) as well as blocks of anticipated revenues. The primary objective is to avoid incurring the market risk associated with the forced liquidation of a security prior to its maturity date. Maturities in this category will be timed to comply with the following guidelines: • Under 30 days • Under 90 days • Under 270 days • Under One year • Under 18 months 10% minimum 25% minimum 50% minimum 80% minimum 100% minimum Commercial paper will have a maximum maturity of 270 days (ORS 294.035) Long-Term Portfolio (over 18 months) Instruments and diversification for the long-term portfolio shall be as for the short-term portfolio. 2005 MWMC Financial Plan - Appendix N Page 49