Sarasota County Investment Policy 2018

Sarasota County Investment Policy 2 SARASOTACOUNTY INVESTMENT POLICIES TABLE OF CONTENTS I. INVESTMENT RESPONSIBILITIES………………………………………………………………..3 A. LEGAL REQUIREMENTS……………………………………………………………………...3 B. COLLATERAL REQUIREMENTS……………………………………………………………..4 C. COUNTY FUNDS AND BOND RESOLUTION REQUIREMENTS………………………...4 II. INVESTMENT OBJECTIVES………………………………………………………………………..4 A. SAFETY OF CAPITAL………………………………………………………………………….4 B. MAINTENANCE OF ADEQUATE LIQUIDITY………………………………………………..5 C. RETURN ON INVESTMENTS…………………………………………………………………5 D. PRUDENCE AND ETHICAL STANDARDS...………………………………………………..5 III. INVESTMENT POLICIES…………………………………………………………………………….5 A. POLICIES TO ENSURE SAFETY OF CAPITAL…………………………………………….5 B. POLICIES TO ENSURE ADEQUATE LIQUIDITY………………………………………….12 C. POLICIES TO ACHIEVE INVESTMENT RETURN OBJECTIVES……………………….12 D. POLICIES TO ENSURE ETHICAL AND PRUDENT ACTION…………………………….14 IV. GLOSSARY OF TERMS……………………………………………………………………………16