(A) The Finance Director will include the city's overall investment performance within the City Council's Quarterly Financial Reports. The City Council shall annually review the Finance Director's overall administration of the city's investment program in conjunction with the annual citywide financial external audit. To ensure compliance with GASB Statement 40 disclosure of deposit and investment risks as listed in division (B)(6) below, will be included in the annual external audit report.
(B) The annual audit report will contain the following information that is subject to this investment policy:
(1) The type of investment, name of the issuer, date of maturity, par and cost in each investment;
(2) The weighted average maturity of the investments;
(3) Coupon, discount, or earnings rate;
(4) Par value, amortized book value, and market value;
(5) Percentage of the portfolio represented by each investment category; and
(6) A description of the compliance with the statement of investment policy.
(Ord. 16-21, passed 6-8-21)