It is the policy of Monterey One Water to invest public funds in a manner that will provide a high level of safety and security of principal. The Agency invests its reserves in the State Local Agency Investment Fund (LAIF) and the Monterey County Pool.
Included in this section are Monterey One Water's investment analyses and its Investment Policy (PDF) which has been certified for excellence by the Association of Public Treasurers of the United States and Canada (APTUSC).
Reports
Monterey One Water Authorized Investments
Fiscal Year 2023-2024
Investment Type | Maximum $ or % | Minimum Rating |
U.S. Treasuries / Agencies | 100% | None |
Money Market Funds (Includes Bank of the West) | 20% | AAA |
Joint Powers Agency Pool (CAMP/Caltrust) | 100% | None |
Bankers Acceptances | 40% Total - 10% with 1 Institution | A1/P1
|
Commercial Paper | 25% Total - 10% with 1 Institution
| A1/P1 |
Certificates of Deposit | 30% Total - 10% with 1 Institution
| A1 < 1 year A for 1-5 years |
State/Local Debt Issues | None
| AA (except M1W) |
Monterey County Pool | 100% | N/A |
State Local Investment Fund (LAIF) | $75 million | N/A |
With its improvement in Net Position, Monterey One Water will be looking to diversify its investment pool in the future. Investments greater than five years must be pre-approved by the Board.
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