(A) To the extent possible, the city will attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific anticipated expenditure, the city will not directly invest in securities maturing more than three years from the date of purchase.
(B) Reserve funds may be invested in securities exceeding three years if the maturity of such investments are made to coincide as nearly as practicable with the expected use of the funds.
(Prior Code, § 38.13) (Ord. 99-286, passed 12-14-1999)