I-5 - Resolution 2025-005 - City Depositories and Investment Policy

custodian. All purchased investments shall be held pursuant to a written third party custodial agreement requiring delivery versus payment and compliance with all rules set out in this Section 9. SECTION 9. ETHICS AND CONFLICT OF INTEREST The members of the Investment Committee shall refrain from personal business activity that could conflict with proper execution of the investment program, or which could impair their ability to make impartial investment decisions. Any personal investment or loans in or with any entity that City has declared as a depository or regularly conducts investment business with shall be disclosed in writing to the sitting City Council of the City. SECTION 10. REPORTING The Investment Committee shall submit an investment report at least monthly that summarizes recent market conditions and investment strategies employed since the last investment report. The investment report shall set out the current portfolio in terms of maturity, rates of return and other features and summarize all investment transactions that have occurred during the reporting period and compare the investment results with the budgetary expectations. SECTION 11. POLICY REVIEW AND AMENDMENT This Policy shall be reviewed every two (2) years or more frequently as appropriate. Notice of amendments to the Policy shall be promptly given to all parties noted in Section One. Passed this 7th day of January, 2025, by Resolution 2025-005 by approval and adoption of the City Council of the City of Tiffin. Attest: ________________________________ Signed: ________________________________ Abigail Hora, City Clerk Tim Kasparek, Mayor