(A) The County’s Treasurer is vested with responsibility for managing the county’s investment program and for implementing this policy. Should the Treasurer not be able to perform the duties of investment officer, the Chief Deputy Treasurer is designated to assume the investment duties under the direction and recommendation of the Board of Finance. No person may engage in an investment transaction except as expressly provided under the terms of this policy.
(B) The Treasurer shall establish written procedures and internal controls for the operation of the county’s investment program, designed to prevent loss of public funds due to fraud, error, misrepresentation and imprudent actions.
(C) The county may engage the support services of outside investment advisors with respect to its investment program, so long as it can be demonstrated that these services produce a net financial advantage or necessary financial protection of the county’s financial resources.
(Ord. 2019-01, passed 1-28-2019; Ord. 2020-01, passed 1-27-2020; Ord. 2021-01, passed 1-25-2021; Ord. 2022-01, passed 1-24-2022)