Investment Policy

The Investment Policy for the City of Sherman is to invest the city’s funds for safety, liquidity and yield. The policy is updated annually and includes:
  • Authorized financial dealers and institutions
  • Authorized investments
  • Collateralization requirements
  • Internal control procedures
  • Investment strategies
  • Maturity limits
  • Performance standards
  • Prohibited securities
  • Reporting requirements
  • Safekeeping requirements
  • Standards of care
  • Valuation requirements