(A) The CFO will prepare cash flow reports quarterly. In addition, the CFO shall provide the Executive Director a monthly report on overall portfolio performance and any compliance problems with this Policy. The monthly reports will categorize investments by type, issuer, interest rate, maturity, book value, income earned and market value as of the report date.
(B) Portfolio performance will be measured using market benchmarks similar to the type of investments held in the portfolio and their maturity. The Executive Director shall provide investments reports to the Metra Board on a monthly basis.
(Ord. NIRC 99-2, passed 12-17-1999)