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Statement of Purpose

It is the policy of the Barry-Lawrence Regional Library to invest its funds in a manner that will provide the highest investment return with the maximum security, while meeting the daily cash flow needs and complying with all state statutes governing the investment of public funds.

Scope of Policy

This investment policy applies to all financial assets of Barry-Lawrence Regional Library. These assets are accounted for in the various funds of Barry-Lawrence Regional Library and include the general fund, capital project funds, endowment, and any new fund established by Barry-Lawrence Regional Library.

Investment Objectives, in Priority Order

· Safety—Safety of principal is the foremost objective of the investment program.

· Liquidity—The investment portfolio shall remain sufficiently liquid to meet all operating requirements that may be reasonable anticipated.

· Return of Investment—The investment portfolio shall be designed with the objective of obtaining a rate of return throughout the budgetary and economic cycles, taking into account the investment risk constraints and the cash flow from characteristics off the portfolio.

· Diversification—The investment will be diversified by security type to minimize any potential investment loss.

Delegation of Authority to Make Investments

Authority to manage the investment program is derived from Section 182.630 of Missouri revised Statutes. Management responsibility for the investment program is hereby delegated to Barry-Lawrence Regional Library Director or Board of Trustee Officers listed on the current Corporate Authorization Resolution.

Authorized Investment Instruments

Barry-Lawrence Regional Library funds shall be invested only in the manger permitted with provisions of Missouri Statutes, and may include any of the following:

· Bonds, securities and other obligations of the United States or an agency or instrumentality of the United States

· Certificates of deposit, savings accounts, deposit accounts, or depository receipts of a financial institution provided that the financial institution is eligible to be a depository of funds belonging to the State under a law or rule of the State of Missouri or the United States.

To the extent possible, Barry-Lawrence Regional Library will attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the Library will not directly invest in securities having a maturity date of more than one (1) year from the date of purchase.

Barry-Lawrence Regional Library will require all deposits in excess of the federally insured amount to be collateralized to the extent of One Hundred (100%) and evidenced by an approved written agreement with collateralization by a third party acting as an agent of the Library.

Safekeeping and Custody

All security transactions, including collateral for repurchase agreements and financial institution deposits, entered into by Barry-Lawrence Regional Library shall be on a cash (or delivery vs. payment) basis. Securities may be held by a third party custodian designated by the Library Director and evidenced by safekeeping receipts as determined by the Library Director ( or designee of the Library Director).

Statement of Ethics

The Library Trustees and library Director shall refrain from personal business activity that could conflict with the proper execution and management of library investments, or that could impair the ability to make impartial investment decisions.

Investment Activity Report

Barry-Lawrence Regional Library Director shall provide a written monthly report to the Library Board concerning the investment of the library funds.

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