SECTION MAX POINTS SCORE 1 SCORE 2 SCORE 3 AVERAGE
1 SCOPE 5 5 5 5 5.00
2 PRUDENCE 5 4 5 5 4.67
3 OBJECTIVE 5 5 5 4 4.67
4 DELEGATION OF AUTHORITY 5 5 5 5 5.00
5 ETHICS AND CONFLICT OF INTEREST 5 5 5 5 5.00
6 AUTHORIZED DEALERS & INSTITUTIONS 5 5 5 5 5.00
7 AUTHORIZED & SUITABLE INVESTMENTS 10 10 8 5 7.67
8 REVIEW OF INVESTMENT PORTFOLIO 5 5 5 5 5.00
9 INVESTMENT POOLS/MUTUAL FUNDS 5 5 5 5 5.00
10 COLLATERALIZATION 5 5 5 5 5.00
11 SAFEKEEPING AND CUSTODY 5 5 5 5 5.00
12 DIVERSIFICATION 5 5 5 5 5.00
13 MAXIMUM MATURITIES 5 5 5 5 5.00
14 INTERNAL CONTROLS 5 5 5 5 5.00
15 PERFORMING STANDARDS 5 4 5 3 4.00
16 REPORTING 10 10 10 8 9.33
17 INVESTMENT POLICY ADOPTION 5 5 5 5 5.00
18 GLOSSARY 5 5 5 5 5.00
98 98 90
TOTAL AVERAGE SCORE (OUT OF 100) CERTIFIED
95.33 YES
CMTA Investment Policy Scorecard Summary
NAME OF ENTITY
REVIEW DATE
City of Richmond
May 19, 2025
SECTION MAX POINTS SCORE COMMENTS
1 SCOPE 5 5
2 PRUDENCE 5 4 Define prudent
invesotr/person in glossary
3 OBJECTIVE 5 5
4 DELEGATION OF AUTHORITY 5 5
5 ETHICS AND CONFLICT OF INTEREST 5 5
6 AUTHORIZED DEALERS & INSTITUTIONS 5 5
7 AUTHORIZED & SUITABLE INVESTMENTS 10 10
8 REVIEW OF INVESTMENT PORTFOLIO 5 5
9 INVESTMENT POOLS/MUTUAL FUNDS 5 5
10 COLLATERALIZATION 5 5
11 SAFEKEEPING AND CUSTODY 5 5
12 DIVERSIFICATION 5 5
13 MAXIMUM MATURITIES 5 5
14 INTERNAL CONTROLS 5 5
15 PERFORMING STANDARDS 5 4 Consider stating actual
benchmark
16 REPORTING 10 10
17 INVESTMENT POLICY ADOPTION 5 5
18 GLOSSARY
5 5
peruse policy to see if key
defintions are included in
glossary
TOTAL SCORE (OUT OF 100) CERTIFIED
98 YES
Additional Comments:
CMTA Investment Policy Scorecard
City of Richmond
Margaret Moggia
5/7/2025
NAME OF ENTITY
EVALUATOR
EVALUATION DATE
SECTION MAX POINTS SCORE COMMENTS
1 SCOPE 5 5
2 PRUDENCE 5 5
3 OBJECTIVE 5 5
4 DELEGATION OF AUTHORITY 5 5
5 ETHICS AND CONFLICT OF INTEREST 5 5
6 AUTHORIZED DEALERS & INSTITUTIONS 5 5
7 AUTHORIZED & SUITABLE INVESTMENTS
10 8
Limiting Gov't Bonds/Notes
and GSE's to 5% could be
too restictive; suggest
increasing to allow for some
flexibiity.
8 REVIEW OF INVESTMENT PORTFOLIO 5 5
9 INVESTMENT POOLS/MUTUAL FUNDS 5 5
10 COLLATERALIZATION 5 5
11 SAFEKEEPING AND CUSTODY 5 5
12 DIVERSIFICATION 5 5
13 MAXIMUM MATURITIES 5 5
14 INTERNAL CONTROLS 5 5
15 PERFORMING STANDARDS 5 5
16 REPORTING 10 10
17 INVESTMENT POLICY ADOPTION 5 5
18 GLOSSARY 5 5
TOTAL SCORE (OUT OF 100) CERTIFIED
98 YES
Additional Comments:
Impressed with the changes made. Overall a very good and solid policy. Good job! CMTA Investment Policy Scorecard
City of Richmond
Mary-Ann Davidson
5/9/2024
NAME OF ENTITY
EVALUATOR
EVALUATION DATE
SECTION MAX POINTS SCORE COMMENTS
1 SCOPE 5 5
2 PRUDENCE 5 5
3 OBJECTIVE 5 4 consider removing the word
"total"
4 DELEGATION OF AUTHORITY 5 5
5 ETHICS AND CONFLICT OF INTEREST 5 5
6 AUTHORIZED DEALERS & INSTITUTIONS 5 5
7 AUTHORIZED & SUITABLE INVESTMENTS
10 5
I like the new layout.
However, was the intention
to limit Treasuries and GSE
to 5%? Prior suggestion
was to limit credit to 5%
max. Apologies if was
confusing. In my
experience, limiting
treasuries and GSE to 5%
could be problematic.
8 REVIEW OF INVESTMENT PORTFOLIO 5 5
9 INVESTMENT POOLS/MUTUAL FUNDS
5 5
Good addition; is it your
intention to only allow
CalTrust since that is the
only pool specifically
mentioned? Is CalTrust also
subject to the due diligence
requirements?
10 COLLATERALIZATION 5 5
11 SAFEKEEPING AND CUSTODY 5 5
12 DIVERSIFICATION 5 5
13 MAXIMUM MATURITIES 5 5
14 INTERNAL CONTROLS 5 5
15 PERFORMING STANDARDS
5 3
Is the city's intention to
primarily buy and hold or
manage on a total rate of
return?
16 REPORTING
10 8
You are in compliance but
just wanted to check to
make sure the intention was
to produce full monthly
investment reports. Many
entities produce a monthly
transaction report and a
quarterly investment report
17 INVESTMENT POLICY ADOPTION 5 5
18 GLOSSARY 5 5
CMTA Investment Policy Scorecard
City of Richmond
Susan Munson
5/7/2025
NAME OF ENTITY
EVALUATOR
EVALUATION DATE
TOTAL SCORE (OUT OF 100) CERTIFIED
90 YES
Additional Comments: Nice Improvements!