It is the policy of the City of Folly Beach, (hereinafter collectively referred to as the ("city") to invest public funds in a prudent manner, conforming to all laws of the State of South Carolina regarding the investment of such funds, in order to provide (in order of importance):
(A) Safety. A prudent and mitigated level of risk of funds invested;
(B) Liquidity. A necessary level of liquidity of funds to ensure cash flow demands are met; and
(C) Return on investment. A maximized return on investment.
(Ord. 16-21, passed 6-8-21)