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CONEJO RECREATION AND PARTS DISTRICT <br />STATEMENT OF INVESTMENT POLICY <br />1.0 POSY <br />It is the policy of the Conejo Recreation and Parvo Dide rice <br />ct <br />to invest public funds in a manner which will p while <br />highest investment return with the maximum security, <br />meeting the daily cash flow demands Of the and local agency <br />and <br />and <br />sta <br />conforming to all state, county, _- safety, <br />governing the investmentes <br />t of public funds y <br />liquidity, and yield. All investments made will comply with <br />overnment <br />the laws set. f°California, as in the 3amendedseries <br />hereafter Gamended, <br />Code, State of <br />2.0 SCOP <br />This investment policy applies to all financial assets of <br />the Conejo Recreation and Park District. These funds are <br />accounted for in the Conejo Recreation and Park District's <br />Comprehensive Annual Financial Report and include: <br />2.1 Funds <br />2.1.1 General Fund <br />2.1.2 Debt Service Funds <br />2.1.3 Capital project Funds <br />2.1,4 Trust and Agency Funds <br />2.1.5 Fiduciary Funds <br />2.1.6 Any new funds unless specifically exempted. <br />3.0 PRUDEh'Cy -- Civil. Code #2261 <br />Investments shall be made with judgement and care -- under <br />circumstances then prevailingwhich persons of prudence, <br />discretion, and intelligence exercise in the management of <br />their own affairs, not for speculation but for investment, <br />considering the probable safety of their capital as well as <br />the probable income to be derived. <br />3.1 The standard of prudence to be used by investment <br />officials shall be the "prudent person" standard and <br />shall be applied in the content of managing an overall <br />Investment officers acting in accordance <br />portfolio• <br />ures and the investment policy and <br />with written proced <br />exercising due diligence shall be relieved of personal <br />responsibility for an individual iecurity'id devaciedit from <br />or market pisk <br />rice changes, p fashion and <br />expectations are reported in a timely <br />appropriate action -is taken to control adverse <br />developments. <br />