5. Insured Certificates of Deposit The City may invest funds in FDIC insured certificates of deposit issued directly by banks or savings and loans chartered by the federal or California government. The City may also place funds directly with a commercial bank, savings bank, savings and loan association, or credit union that uses a private sector entity to assist in the placement of certificates of deposit as authorized by California Government Code Section 53601.8. Maximum Amount: 30% Maximum Maturity Value per Institution for investments maturing is $250,000 or the lesser of the current FDIC insured limit. Maximum Maturity: Five years from date of purchase 6. Money Market Mutual Funds Investment in money market mutual funds shall be limited to investments in U.S. Treasury Securities only. Maximum Amount: 20% Maximum per Investment: 10% 7. Orange County Investment Pool As provided for in California Government Code Section 53684, the local agency may invest excess funds which are not required for immediate use. The Orange County Investment Pool (OCIP) is a pooled fund managed by the Orange County Treasurer pursuant to California Government Code Section 53601 and 53635 with oversight from the County’s Treasury Oversight Committee. All securities in the OCIP are held by a third party custodian. Maximum Amount Allowed: $40 million or 55% of the City’s total investment portfolio, whichever is less. 8. California Asset Management Program Pool The California Asset Management Program (CAMP) was established in 1989 as a Joint Powers Authority to provide California public agencies with professional investment services. PFM Asset Management LLC serves as CAMP’s Program Administrator and is a registered investment advisor with the Securities and Exchange Commission. The pool’s objective is to earn a high rate of return while preserving principal, providing liquidity. The Pool is CITY INVESTMENT POLICY 4 of 8 COUNCIL POLICY ADOPTED 6/4/2024 130