(A) This investment policy applies to all financial assets held directly by the city. These financial assets are accounted for in the city’s annual financial report, and include all moneys in the following:
(1) General;
(2) Water/sewer;
(3) Sanitation;
(4) Cemetery operating;
(5) Cemetery perpetual care;
(6) C.D.B.G. Revolving Fund;
(7) Payroll and Clearing Fund;
(8) Swimming pool; and
(9) Municipal aid.
(B) Financial assets of the city held and invested by trustees of 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.
(Ord. 210.3-12-94, passed 12-29-1994)