(A) To the extent possible, the city shall attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the city will not directly invest in securities maturing more than 18 months from the date of purchase.
(B) Reserve funds may be invested in securities exceeding 18 months if the maturity of such investments are made to coincide as nearly as practicable with the expected use of the funds.
(Res. 3, passed 12-27-1999)