2011 budget summary - St. Louis County

transaction should be reviewed.REPORTINGThe Treasurer is responsible for monthly reporting to the Fund Investment Advisory Committee, theCounty Auditor and internal Administration staff. The monthly reporting will include portfolio statistics,cash flow projections, investment and collateral detail. The Treasurer and Fund Investment AdvisoryCommittee will meet every other month to discuss reporting and investment strategies. An annualinvestment report will be prepared by the Fund Investment Advisory Committee Chairman and presentedto the County Council.The market value of the portfolio shall be calculated at least quarterly and a statement of the market valueof the portfolio shall be issued at least annually. This will ensure that review of the investment portfolio,in terms of value and price volatility, has been performed.INVESTMENT POLICY ADOPTIONThe St. Louis County investment policy shall be reviewed and approved by the Fund InvestmentAdvisory Committee. The policy shall be reviewed on an annual basis and any modifications must beapproved by the Committee. This policy and any recommended changes will be presented to the St. LouisCounty Council for consideration.ADDITIONAL INFORMATIONA glossary of relevant investment terminology is included with this investment policy.Listings of authorized investment personnel, authorized broker dealers, relevant investment statutes andordinances, and copies of executed agreements are available upon request.- 303 -