(A) This policy applies to all financial assets of the city held by the City Treasurer. These financial assets are accounted for in the city audited financial statements and include the general fund, special revenue funds, debt service funds, capital project funds (unless bond ordinances and resolutions are more restrictive), enterprise funds, trust and agency funds, and any new fund established by the city.
(B) Pooling of funds. Except for cash in certain restricted and special funds, the city will consolidate cash balances from all funds to maximize investment earnings. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles.
(Ord. 02-2010, passed 6-8-2010)