(A) This investment policy applies to all financial assets held directly by the City. These financial assets are accounted for in the City’s annual financial report and include all moneys in the following funds:
(1) General fund;
(2) Capital improvement fund;
(3) Municipal road aid fund;
(4) Police forfeiture fund;
(5) Urban development action grant fund;
(6) Sanitary sewer maintenance and replacement fund;
(7) Special public safety reserve fund; and
(8) Any new fund created by the governing body.
(B) Financial assets of the City held and invested by trustees or fiscal agents are excluded from these policies; however, such assets shall be invested in accordance with state laws applicable to the investment of local government funds and in accordance with the City’s primary investment objectives.
(Ord. 94-12-2, passed 12-28-94)