(A) General policy. It is the policy of the city to invest public funds in a manner which will provide the highest investment return with the maximum security of principal while meeting the daily cash flow demands of the city and conforming to all state statutes and city regulations governing the investment of public funds.
(B) Scope.
(1) This investment policy applies to all financial assets held directly by the city, its subdivisions, bonds, agencies or commissions. These financial assets are accounted for in the city’s annual financial report and include all moneys in the following funds:
(a) General Fund;
(b) Special Revenue Funds; and
(c) Any new fund created by the governing body.
(2) Financial assets of the city held and invested by trustees or fiscal agents are excluded from these policies; however, such assets shall be invested in accordance with state laws applicable to the investment of local government funds and in accordance with the city’s primary investment objectives.
(Prior Code, § 33.30) (Municipal Order 1995-01, effective 1-3-1995)