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1 <br />GFOA Best Practice— Investment Policy <br />The Government Finance Officer's Association of the United States and <br />Canada represents public finance officials throughout the United States <br />and Canada. Its more than 18,000 members are federal, state/provincial <br />and local finance officials deeply involved in planning, financing, and <br />implementing thousands of governmental operations in each of their <br />jurisdictions. The GFOA's mission is to promote excellence in state and <br />local government financial management. <br />The GFOA Best Practices identify specific policies and procedures as <br />contributing to improved government management. It aims to promote <br />and facilitate positive change rather than merely to codify current <br />accepted practice. <br />GFOA Best Practice — Investment Policy <br />The GFOA Best Practice for Investment Policy was approved by the <br />GFOA's Executive Board. Our policy for the Investment of Board Surplus <br />Funds was approved by the BCC originally on September 5, 1995 and <br />amended as needed since then most recently on January 28, 2016. Our <br />policy for the OPEB Trust was originally approved January 28, 2009 and <br />amended as needed since then, most recently on November 5, 2013. <br />Conclusion: <br />We have been proactive in our investment management and follow the <br />best practices. <br />P 1113-12 <br />