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City of Fort Worth

Department of Finance

Investment Policy and Strategy

General Portfolio

I. Introduction

It is the policy of the City of Fort Worth, Texas (the “City”) that the administration
of its funds and the investment of those funds shall be handled in a manner that
promotes the highest public trust. Investments shall be made in a manner which will
provide the maximum security of principal by setting guidelines for investment
diversification by both type and maturity while meeting the daily cash flow needs
of the City. The Investment Policy and Strategy is established to define the
parameters within which investments are to be managed and to implement
reasonable standards for the City's cash management and investment operations. ·

The purpose of this document is to establish overarching investment policy,
provide investment strategy and guidelines, and set specific rules and parameters
governing investment practices. This policy formalizes the framework for the
City's investment activities that must be exercised to ensure effective and judicious
fiscal and investment management of its funds. The guidelines are intended to be
broad enough to allow the Investment Officer(s) to function properly within the
parameters of responsibility and authority, yet specific enough to adequately
safeguard the investment assets.

II. Governing Authority

All investment and cash management activities shall be conducted in full
compliance with applicable City ordinances as well as state and federal rules and
regulations. Specific statutory regulations for the investment of public funds in
Texas are found in the Public Funds Investment Act, Chapter 2256, Texas
Government Code (the "Act"). All investments will be made in accordance with
this statute. Collateral requirements are established in Texas by the Public Funds
Collateral Act, Chapter 2257, Texas Government Code, for all public Texas funds
deposits.

Under the direction of the City Manager, the Chief Financial Officer/ Director of
Finance and the Investment Officers are authorized to promulgate reasonable
procedures to ensure effective and judicious management of City funds which align

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