Policy C12-009 - Portfolio Management

The purpose of this policy is to provide specific guidelines regarding the portfolio management of the City of Saskatoon’s (City) investment assets. This policy ensures that City portfolios are invested to primarily achieve the preservation of capital, the maintenance of liquidity sufficient to meet on-going financial requirements, and to maximize return on investment. A secondary purpose of this policy is to ensure the orderly retirement of outstanding City of Saskatoon sinking fund debentures at their maturity dates through portfolio management activities specific to the Sinking Fund.  The policy defines, bonds, money market securities, city portfolios, bond portfolio, prudent person principle etc.