Page 432 - FortWorthFY22AdoptedBudget

5. AAA or equivalent rated, constant dollar, Texas local government
investment pools as defined by the Act.

6. AAA-rated, SEC-registered money market mutual funds which strive to
maintain a $1net asset value.

7. FDIC-insured brokered certificates of deposit securities from a bank in any
US state, delivered versus payment to the City's safekeeping agent. Before
purchase, the Investment Officer(s) or Investment Advisor must verify the
FDIC status of the bank to ensure that the bank is FDIC insured.

8. General debt obligations of any state or political subdivision of any US
state, rated AA or higher.

9. Fully collateralized, direct repurchase agreements executed through a
primary government securities dealer. A Bond Market Association Master
Repurchase Agreement and independent third party safekeeping are required.
A flex repurchase agreement used for bond funds must match the expected
expenditure schedule of the bonds.

10. Banker's acceptances with a maximum stated maturity of one-hundred
twenty (120) days accepted by a US registered bank rated not less than Al/ Pl
by two nationally recognized rating agencies.

11. Reverse repurchase agreements executed for investment purposes with a
primary securities dealer. The proceeds may not be invested in any security
with a maturity date longer than the maturity date of the reverse repurchase
agreement.

12. Securities Lending Transactions under a written agreement with a
primary securities dealer lending the City's investment securities with the
collateralization/ substitution of securities with a minimum 102% margin and
safe kept by an approved custodial bank in an account in the City's name.
Transaction documentation and collateral reports are to be provided to the
City daily.

13. Investment Pools as allowed by law which must also be continuously
rated no lower than AAA or AAA-m or at an equivalent rating by at least one
(1) nationally recognized rating service. A public funds investment pool that
uses amortized cost or fair value accounting must mark its portfolio to market
daily, and, to the extent reasonably possible, stabilize at $1.00 net asset value,
when rounded and expressed to two decimal places.

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