The purpose of this investment policy is to establish guidelines by which funds, not otherwise required by Arkansas Development Finance Authority (“ADFA” or the “Authority”) to meet operating and bond issuance needs, can best be invested to earn the maximum return while still maintaining sufficient liquidity. Because investable funds represent a substantial portion of total general fund assets, it is imperative to have an investment policy statement, which directs the deployment of these funds in a manner that is consistent with the overall strategy and risk profile of the Authority.