A. The primary objectives, in order of priority, shall be:
1. Legality: The investment activities shall conform with Federal, State, and other legal requirements.
2. Safety Of Principal: Investments of the Village shall be undertaken in a manner that seeks to ensure the preservation of capital and the protection of investment principal in the overall portfolio.
3. Liquidity: The Village investment portfolio shall remain sufficiently liquid to enable the Village to meet all operating requirements which may be reasonably anticipated within each of the Village's individual funds.
4. Return On Investments: The investment portfolio of the Village shall be designed with the objective of attaining a market average rate of return throughout budgetary and economic cycles, taking into account the Village risk constraints, the cash flow characteristics of the portfolio, and legal restrictions for the return on investment.
B. The portfolio should be reviewed periodically as to its effectiveness in meeting the Village needs for safety, liquidity, rate on investment, diversification, and general performance. (Ord. 12-03, 3-5-2012)