The authorized staff responsible for the day-to- day management of the investments will routinely monitor the contents of each investment, the available markets and the relative values of competing instruments, and will adjust each investment as necessary to meet the investment objectives listed above. It is recognized and understood that this non-speculative active management of investments holdings may cause a loss on the sale of an owned investment.
(Ord. 01-2013, passed 1-7-2013)