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City of Portland

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FIN-2.14 - Investment Policy

INVESTMENT POLICY

Binding City Policy

BCP-FIN-2.14


Background

The City is permitted under ORS 294.035 and 294.805 to invest in various classes of securities and in the State of Oregon’s Local Government Investment Pool.

Policy

To comply with ORS 294.135, the City Council shall annually adopt an Investment Policy. The primary objective of the City’s Investment Policy is to establish a conservative set of investment criteria to prudently protect the City’s assets, provide liquidity to meet the City’s cash needs, and enable the City to generate a market rate of return from its investment activities.

The Investment Policy, as adopted by City Council, fulfills all State of Oregon, City Charter, and Code mandated requirements. See full text of the Investment Policy.

Responsibility

The City Treasurer will be responsible for the implementation of this policy. Any amendments to this policy must be approved by the City Council after seeking the advice of the Director of the Bureau of Revenue and Financial Services (Chief Financial Officer) (or designee), the City Treasurer, the City’s Investment Advisory Committee, and the Oregon Short Term Board.


HISTORY 

Resolution No. 36551, adopted by City Council November 14, 2007.

Replaced by Ordinance No. 181829, passed by City Council May 14, 2008 and effective July 1, 2008.

Amended by Resolution No. 36650, adopted by City Council December 10, 2008.

Amended by Resolution No. 36694, adopted by City Council April 8, 2009.

Amended by Resolution No. 36829, adopted by City Council December 1, 2010.

Amended by Resolution No. 36927, adopted by City Council May 16, 2012.

Amended by Resolution No. 37035, adopted by City Council October 2, 2013.

Amended by Resolution No. 37094, adopted by City Council November 12, 2014.

Amended by Resolution No. 37173, adopted by City Council December 16, 2015.

Amended by Resolution No. 37209, adopted by City Council May 11, 2016.

Landing page amended by City Treasurer May 19, 2016.