The City of Graymoor-Devondale primary investment objectives, in order of priority, are the following:
(A) Safety. Safety of principle is the foremost objective of the City of Graymoor- Devondale's investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. The goal is to mitigate credit risk and interest rate risk.
(B) Liquidity. The City of Graymoor-Devondale's investment portfolio shall remain sufficiently liquid to enable the City of Graymoor-Devondale to meet all operating requirements which might be reasonably anticipated.
(C) Return on investment. The City of Graymoor-Devondale investment portfolio shall be designed with the objective of attaining a market rate of return throughout the budgetary and economic cycles, considering the City of Graymoor-Devondale's investment risk constraints and the cash flow characteristics of the portfolio.
(Ord. 4, passed 4-20-21)