(A) Safety of capital. Investments of the city shall be undertaken in a manner that seeks to ensure the preservation of capital in the investment portfolio.
(B) Investment parameters. Funds will be invested in a portfolio of permissible investments for municipalities, as defined by the laws of the state.
(C) Return on investment. Recognizing liquidity and maturity requirements, funds available for investment will be placed with institutions offering a high level of current income consistent with preservation of capital.
(D) Return on investment. Diversification is required to avoid incurring unreasonable risks or losses inherent in overinvesting in specific instruments, individual financial institutions or maturities.
(2002 Code, § 2.82) (Ord. 3, Fifth Series, passed 3-18-1996)