2022 Atlanta Board of Trustees Meeting

• Investment performance

WHAT INVESTMENT ISSUES MIGHT BE BROUGHT UP AT OMA BOARD OF TRUSTEES MEETINGS? (THIS INFORMATION IS TO BE DISCUSSED ONLY IF ASKED)

• The Reserve and Investment Funds objective is to optimize yields on OMA’s short - term assets while maintaining adequate liquidity, without taking excessive principal risk (i.e., safety, liquidity, and yield). • OM A’s funds are allocated into three tiers: o Tier 1: Reserve Fund: Access to sufficient cash for 12-month operating expenses o Tier 2: Fixed Income Assets: Designed to maximize return, generate modest income with liquidity as a secondary objective. o Tier 3: Investment Funds: Funds more than 12-month operating expenses will be invested with in stocks, bonds and alternatives for long term moderate growth.

Reserve and Investment Fund Tiers (These are tiered according to risk)

Tier Description

Primary Purpose

Amount

1

Reserve Funds

Reserve cash for 12 months of operations

3-6 months of operating expenses An Additional 3-6 months of operating expenses

2

Short-Term Investment Funds: Fixed Income Assets (funds are liquid)

Conservative income with 100%liquidity; invested with

staggered maturities to create a total return bond portfolio with income production and low risk to principal as primary objectives. Designed to achieve moderate long-term growth with liquidity as a secondary objective

3

Investment Fund

Funds in excess of 12 months of operating expenses between the bonds and the cash in OMA’s bank.

3