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CM2019-028 CMTA Investment Policy Award CM2019-028 6'V(a/a5e4 City of -4114111111162 MEMORANDUM Chino Hills DATE: JULY 10, 2019 TO: HONORABLE MAYOR AND CITY COUNCIL MEMBERS FROM: BENJAMIN MONTGOMERY, CITY MANAGER ki/t RE: INVESTMENT POLICY CERTIFICATION Attached is the California Municipal Treasurers Association (CMTA) Investment Policy Certification that has been granted to the City of Chino Hills for the Fiscal Year 2019-20 Investment Policy. This Investment Policy Certification recognizes that CMTA has validated that the City of Chino Hills' Investment Policy adheres with the State of California Government Code, and meets the program requirements within 18 different areas deemed to be best practices for investment policies. Those topics include: Scope, Prudence, Objective, Delegation of Authority, Ethics and Conflicts of Interest, Authorized Financial Dealers and Institutions, Authorized and Suitable Investments, Review of Investment Portfolio, Investment Pools/Mutual Funds, Collateralization, Safekeeping and Custody, Diversification, Maximum Maturities, Internal Controls, Performance Standards, Reporting, Investment Policy Adoption and Glossary. Once a policy is received by CMTA, it is independently evaluated using a scoring matrix by three separate CMTA professionals. When the agency receives a passing score, the Investment Policy earns the 'Certified' distinction. The benefits of having your Investment Policy Certified by the California Municipal Treasurers Association are: . Trust, confidence, and verification to your Governing Body that your policy has been reviewed and certified by a professional organization within California. . Your policy has been reviewed by fellow CMTA members, many of which have earned the Certified California Municipal Treasurers (CCMT) designation. • To show transparency of your Governing Body to the public. . To demonstrate that due diligence was performed on your Investment Policy. • California Government Code sections are included (cited) in policy. . Assist to satisfy auditors when reviewing your Investment Policy. BM:CB:EC:NL:rb:ss Attachment cc: Robin Butler, Administrative Assistant II ,, California Municipal /I Treasurers Association \If fi 1.+ ] ,' \ _yam, / / / 51. ^r.. CALIFORNIA REPUBLIC f' Issued on 5/28/2019 $) If City of Chino Hills ; - 14 The California Municipal Treasurers Association certifies that the investment policy of the City of Chino Hills complies with the current State statutes ir �s governing the investment practices of local government entities located within 4 the State of California. f i 9 reS)4. A _ -7 1, o er SU Years of Excellent c_ .�/'0 / / q h - "y' President Date ;j I N`\Nip