(A) The purpose of this document is to identify the policies that will govern the investment activities of the village with regard to the management of the funds available for investment. In addition, the policy is to provide the prudent management of all funds available for investment in accordance with the stated investment philosophy. As custodians of public funds, the village, in particular the Clerk-Treasurer of the village and all village officials and employees will adhere to this policy, and where this policy is silent, will default to R.C. § 135.14.
(B) These policies are designed to ensure the prudent management of funds available for investment, conformance to the Ohio Revised Code, federal law where applicable, the availability of operating and capital funds when needed, and an investment return comparable with similar funds and financial market indices.
(C) All staff with the authority to participate in the investment process shall act responsibly as custodians of the trust bestowed upon them by the Council of the village. The overall program shall be designed and managed with a degree of professionalism that is worthy of the public trust.
(Ord. 01-2013, passed 1-7-2013)