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Financial Management for Elected Officials January 2013 <br /> <br />Institute for Local Government www.ca-ilg.org 16 <br /> <br /> <br /> <br />• Do the reports show numerous investments and transactions? Why? (Many public agencies <br />do not have portfolios that justify “active” management with lots of sales, purchases and <br />trades.) <br /> <br />• Are the agency’s investments diverse or are the agency’s assets invested in just a few places? <br /> <br />• Do the agency’s policies allow investments in derivatives or other potentially high-risk <br />instruments? Does that agency have any such high risk investments? <br /> <br />• Are any bank holdings over the FDIC insurance limit (which may vary from bank to bank) <br />and do such depositories otherwise comply with state and federal standards to provide <br />security for public agency deposits?26 <br />Page 66 of 109