§ 3.10.030. Investment Objectives.

As specified in Government Code Section 53600.5, when investing, reinvesting, purchasing, acquiring, exchanging, selling and managing public funds, the primary objectives, in priority order, of the District's investment activities and of this Policy shall be:

1.

Safety: Safety of principal is the District's foremost investment objective of the investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, the District will diversify its investments by investing funds among independent financial institutions offering a variety of securities with independent returns. Investments shall be made with the aim of avoiding capital losses due to issuer default, broker-dealer default or market value erosion.

2.

Liquidity: The investment portfolio will remain sufficiently liquid to enable the District to meet all operating requirements which are reasonably anticipated.

3.

Yield: The District's investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, as long as it does not diminish the objectives of Safety and Liquidity.

( Res. No. 2015-2-7, (Policy No. 8.4, § III), 2-10-2015 ; Res. No. 2016-2-3, (Policy No. 8.4, § III), 2-23-2016 )