It is the policy of The City of Graymoor-Devondale to invest public funds in a manner which will provide the maximum security and highest investment of principle while meeting the daily cash flow demands on the City of Graymoor-Devondale and conforming to both KRS 91A.060 and KRS 66.480. This investment policy applies to all financial assets held directly by the City of Graymoor- Devondale. These financial assets are accounted for in the City of Graymoor-Devondale annual financial report and include all monies in investment fund accounts.
(Ord. 4, passed 4-20-21)