As the State Treasurer’s investment pool (“Star Ohio”) and Mutual Funds which are invested exclusively in United States Treasury obligations are on the list of Authorized Investments, a thorough investigation of the pool/fund is required prior to investing, and on a continual basis. There shall be a questionnaire developed which will answer the following general questions:
(A) A description of eligible investment securities, and a written statement of investment policy and objectives.
(B) A description of interest calculations and how it is distributed, and how gains and losses are treated.
(C) A description of how the securities are safeguarded (including the settlement processes), and how often the securities are priced and the program audited.
(D) A description of who may invest in the program, how often, what size deposit and withdrawal.
(E) A schedule for receiving statements and portfolio listings.
(F) Are reserves, retained earnings, etc. utilized by the pool/fund?
(G) A fee schedule, and when and how it is assessed.
(H) Is the pool/fund eligible for bond proceeds and/or will it accept such proceeds?
(Ord. 7346, passed 2-11-97)