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it are to be held in the District <br />Certificates of. Depos <br />safety deposit box - <br />DIVERSIFICATION DIVERSIFICATION <br />its <br />The Conejo Recreation and Park District will diversify the <br />investments by security type and institution• Pools <br />exceptions of U.S. Treasury securities and authorized Agency <br />-- such as the State LAIF and Ventura County 5 y <br />Investment Fund no more than 10% of the Conejo Recreation <br />and Park District's total investment portfolio will be <br />invested in a single security type or with a single <br />financial institution. <br />7,1 Permitted investments/deposits <br />f the U.S. Government <br />Securities o <br />Bankers' Acceptances <br />Commercial Paper <br />Negotiable Certificates <br />Repurchase Agreement <br />Certificates of Deposits <br />Local Agency Investment <br />County Agency Investment <br />Savings Deposits <br />of Deposit <br />Fund (State Pool) <br />Fund <br />7,2 Competitive Bids -purchase <br />be made on the basis of <br />when practical. <br />and sale of securities should <br />competitive offers and bids <br />;3 Purchases shall be made only with corporations in a <br />,A" or its equivalent or better by a <br />rating category of <br />nationally recognized rating service. <br />S <br />8,0 MAXIMUM MATURITIE <br />To the extent possible, the Conejo Recreation and stments Path <br />District will attempt to match itUnlesse matched to a <br />anticipated cash flow requirements. <br />specific cash flow, the Conejo <br />District <br />Recreation and Par <br />urchase1tles maturing more than <br />will not directly invest in se <br />two years frog the datep <br />9.0 INTERNAL CONTROL <br />9.1 A system of internal control <br />documented in writing- The <br />to prevent losses of public <br />3 <br />shall be established and <br />controls shall be designed funds arising <br />