Appendix I
Non-Tax Revenue Plan
Appendix A
Financial Policy Investment Policy Policy FN14
Written confirmation of telephone transactions for investments and wire transfers Development of a wire transfer agreement with the lead bank or third party custodian 4. Delivery vs. Payment All trades where applicable will be executed by delivery vs. payment (DVP). This ensures that securities are deposited in the eligible financial institution prior to the release of funds. 5. Safekeeping Securities will be held by an independent third-party custodian as evidenced by safekeeping receipts in the Park District’s name. Authorized Investments 1. Investment Types While striving to achieve the objectives of this investment policy and limited by the State statutes, the Park District has approved the following for investment of public funds: bonds, notes, certificates of indebtedness, treasury bills or other securities now or hereafter issued, which are guaranteed by the full faith and credit of the United States of America as to principal and interest; bonds, notes, debentures, or other similar obligations of the United States of America or its agencies, and instrumentalities interest-bearing savings accounts, interest-bearing certificates of deposit or interest-bearing time deposits or any other investments constituting direct obligations of any bank as defined by the Illinois Banking Act (201 ILCS 5/1 et seq.), provided such a bank is federally insured; or short term obligations of corporations organized in the United States with assets exceeding $500,000,000 if (i) such obligations are rated at the time of purchase at one of the 3 highest classifications established by at least 2 standard rating services and which mature no later than 270 days from the date of purchase, (ii) such purchases do not exceed 10% of the corporation’s outstanding obligations and (iii) no more than one-third of the public agency’s funds may be invested in short term obligations of corporations; or money market mutual funds registered under the Investment Company Act of 1940, provided that the portfolio of any such money market mutual fund is limited to obligations described in paragraph (1) or (2) of this subsection and to the agreements to repurchase such obligations; or interest bearing bonds of any county, township, city, village, incorporated town, municipal corporation, or school district, of the state of Illinois, or any other state, or any other political subdivision or agency of the State of Illinois or of any other state, whether the interest earned thereon in taxable or tax-exempt under federal law or
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278 Naperville Park District | 2023 MASTER PLAN
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