buckley investment group, llc 13½ e. main street, ste 211 walla walla, wa 99362 ph. 509.522.1600...

Buckley Investment Group, LLC13½ E. Main Street, Ste 211Walla Walla, WA 99362

Ph. 509.522.1600800.610.1460

Fax 509.522.1605 Info@buckleyinvestments.com

Fiduciary Responsibility

Guardian of Public Funds Prudent Transparent Documented

Avoid the Headlines

Fiduciary Responsibility

Investment Policy Statement Investment Management Process Client Documentation

Protects the Governmental Entity

AND

The Investment Officer

Investment Policy StatementSets the Investment GuidelinesInvestment Objective

Balancing Act: Safety and liquidity versus yield Primary Investment Objective

Safety of funds Meet cash flow requirements

Secondary Investment Objective Incremental income from the prudent investment of

surplus funds

Investment Policy Statement Investment Parameters

Asset Allocation Benchmark Performance Standards and Monitoring Eligible Securities (type, quality, duration)

Eligible Investments

Statutes set forth eligible investments RCW 43.84 RCW 43.250 RCW 39.59 RCW 39.58

Investment Policy Statement Roles & Responsibilities

Fiduciary Agent Investment Advisor (State or Private) Fund Manager

Investment Management Process Maintaining Compliance with the IPS Systematic Process to Maintain

Security Eligibility Asset Allocation Performance

Benchmark comparison Peer group comparison

Client Documentation Periodic Review

Monthly, Quarterly, Annual, 3-Year, & 5-Year Performance Reports

Portfolio Performance Benchmark Comparison Manager Peer Group Comparison

Market Commentary Asset Allocation Rebalancing Manager Replacement Reports

Fund Manager Selection Meets the IPS “Safety” Standards Consistent Performance vis-à-vis the

Benchmark and Peer Group