Page 7 - City of Moreno Valley Invstment and Cash Management Program

State of California
GOVERNMENT CODE

The State of California Government Code (Section 53601) provides an explicit list of the
types of securities a local agency can invest in. This code section also sets both minimum and
maximum limits related to different security characteristics. Some of those limits include:

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Term Type Concentration Quality

Limits on the Limits on the Limits on the Sets a floor on the
term of a security amounts of each amounts of minimum credit
(generally no more security type that securities that can rating level that a
than 5 years). can be held. be held from any security must hold at
single issuer. the time of purchase.

CITY INVESTMENT POLICY

The City of Moreno Valley has adopted an investment policy that is specific to the City’s investment
goals. This policy is reviewed by the City Council annually and includes the list of allowable securities
while also addressing other key functions related to portfolio management. By law the list of allowable
securities can be more restrictive that the Government Code but it cannot be broadened.

The Investment Policy has also been reviewed by both the Association of Public Treasurers of the United
States and Canada (APTUS&C) and the California Municipal Treasurers Association (CMTA) and has
received certification from both organizations. To learn more about the City’s investment practices,
please visit the Investor Relations page on our website at www.moval.org.

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