(a) The Treasurer shall manage the City's deposits and investments.
(b) The Treasurer shall be responsible for all depository functions and shall authorize and approve the deposit of all active moneys. Deposits shall be restricted to those accounts and classifications of obligations as set forth in Section 113.07.
(c) The Treasurer shall execute all orders of the Investment Board concerning the purchase and/or sale of City investments.
(d) The Treasurer shall provide confirmation copies of all purchases and sales of investments to the Auditor immediately upon their receipt and such other documentation as the Auditor may require to audit the investment records. The Treasurer shall report to the Investment Board and City Council any substantial decrease in the market price or, in his judgment, any substantial increase in the credit risk, of any eligible investment held by the City. The Treasurer shall maintain all records of all investments and deposits.
(Ord. 32-98. Passed 4-6-98.)