Page 7 - City of Moreno Valley Invstment and Cash Management Program
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State of California
        GOVERNMENT CODE






                The State of California Government Code (Section 53601) provides an explicit list of the
                types of securities a local agency can invest in. This code section also sets both minimum and
                maximum limits related to different security characteristics. Some of those limits include:





                   !







                 Term                        Type                  Concentration                   Quality

              Limits on the              Limits on the               Limits on the            Sets a floor on the
           term of a security          amounts of each                amounts of                minimum credit
          (generally no more           security type that         securities that can          rating level that a
             than 5 years).               can be held.             be held from any          security must hold at
                                                                     single issuer.          the time of purchase.





        CITY INVESTMENT POLICY


        The City of Moreno Valley has adopted an investment policy that is specific to the City’s investment
        goals. This policy is reviewed by the City Council annually and includes the list of allowable securities
        while also addressing other key functions related to portfolio management. By law the list of allowable
        securities can be more restrictive that the Government Code but it cannot be broadened.


        The Investment Policy has also been reviewed by both the Association of Public Treasurers of the United
        States and Canada (APTUS&C) and the California Municipal Treasurers Association (CMTA) and has
        received certification from both organizations. To learn more about the City’s investment practices,
        please visit the Investor Relations page on our website at www.moval.org.























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