While understanding that NPMA is not in the “business” of investing their primary investment objective is to preserve and protect its assets by earning the largest return for each category of assets, which is appropriate for each fund’s time horizon, distribution requirements, and risk tolerance. NPMA currently maintains checking accounts; money market accounts and government backed securities. The policy is to invest in non-risk accounts. These policies apply to all NPMA’s funds, although the specific objectives, risk parameters, and asset allocation will vary, as appropriate, from fund to fund. All funds are maintained and guided by the Executive Vice President and Chief Financial Officer. Any changes in funds shall be reported to the Treasurer and Board of Directors.