This Policy applies to all operating funds of the District, which are under the control
of the General Manager/CEO and/or the Assistant General Manager (AGM). These funds
are accounted for in the Cucamonga Valley Water District's Comprehensive Annual Financial
Report (CAFR). The investment of retirement-related funds is addressed in District
Policy 1.6.
Bond proceeds shall be invested in securities permitted by the applicable bond documents.
If the bond documents are silent as to the permitted investments, bond proceeds will
be invested in the securities permitted by this Policy. Notwithstanding the other
provisions of this Policy, the percentage or dollar portfolio limitations listed elsewhere
in this Policy do not apply to bond proceeds.
