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13.0 Pe~for~aance Stanrdca~ds <br />The investment portfalio will be designed to obtain a market average rate of return during <br />budgetary and economic cycles, taking into account Elk River Municipal Utilities investment <br />risk constraints and cash flow needs. <br />14.0 .ep0~~~~~ <br />The Finance Director shall prepare an investment report on a periodic basis and include: <br />1. Listing of individual securities held at the end of the reporting period. <br />2. Listing of investments by maturity date. <br />3. Percentage of the total portfolio which each type of investment represents. <br />4. Market to Market analysis. <br />5. Rate of return for the quarter. <br />15, 0 I~~es~e~ .Policy AOp~~®~ <br />The Elk River Municipal Utilities investment policy shall be adopted by motion of Elk River <br />Municipal Utilities' Commission. The policy shall be reviewed periodically as needed by the <br />Director of Operations and Finance Director, and any modifications made thereto must be <br />approved by Elk River Municipal Utilities' Commission. <br />Adopted September 13, 205 <br />Proposed Revision May 1 ~, 2~1 D <br />6 <br />