Page 233 - Colleyville FY19 Budget

(4) Special Project or Special Purpose Funds

The investment strategy for special projects or special purpose fund
portfolio(s) will have as their primary objective to assure that anticipated cash
flows are matched with adequate investment liquidity. The city’s final maturity
dates of securities held shall not exceed the estimated project completion
date. Funds in excess of defined construction payment schedules shall be
limited to a maximum final maturity date of three years.

Maturity limitations for single issue reserve funds shall not exceed the sooner
of five (5) years, the call provisions of the bond ordinance, or the final maturity
of the bond issue.

A. Diversification

The City will attempt to limit the risk of loss through diversification of its
portfolio and to achieve the aforementioned investment strategies by
diversification of instruments.

Diversification by Instrument of Portfolio Maximum Percent

U.S. Treasury Obligations (Bills, Notes and Bonds), 100%

U.S. Government Agency Securities,
and Instrumentalities of Government
Sponsored Corporations 75%

Certificates of Deposit (CD's)
Commercial Bank's 75%

Local Government Investment Pool 75%

Local Government Investment Pool investing in commercial
paper (compliant with Title 10, sec. 2256.013 of the Texas
Local Government code) 5%

Certificate of Deposit Account Registry Service (CDARS) 75%

Tri-Party Repurchase Agreement 75%

SEC registered, no-load mutual fund 10%

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