EXHIBIT 1 CITY INVESTMENT POLICY COUNCIL POLICY Adopted: 12/5/1995 Last Approval: 6/4/2024 A. Purpose The purpose of the City's Investment Policy is to provide guidelines and limitations for the responsible management of the City's funds that are available for investment. B. Scope This investment policy applies to all financial assets of the City, including all cash and investments accounted for in the following funds: • General Fund • Special Revenue Funds • Capital Projects Funds • Internal Service Funds • Trust and Agency Funds • Debt Services Funds • Any new fund created by the City Council C. Policy It is the policy of the City of Laguna Niguel to invest public funds in a manner which will provide the maximum security of principal consistent with a market rate of return while meeting the cash flow needs of the City and conforming to all applicable State and City statutes governing the investment of public funds. Every effort will be made to match investment maturities to cash flow needs. D. Objectives The primary objectives, in priority order, of the City of Laguna Niguel’s investment activities shall be: 1. Safety: Safety of principal is the foremost objective of the City. Investments of the City shall be undertaken in a manner that seeks to ensure the preservation of the capital in the overall portfolio. 2. Liquidity: The City’s investment portfolio will remain sufficiently liquid to enable the City to meet all operating requirements which might be reasonably anticipated. 1 of 8 127