(A) The Clerk-Treasurer may make investments having a maturity of more than two years but not more than five years.
(B) The investments shall be made in accordance with I.C. 5-13.
(C) The total investments of the city outstanding under I.C. 5-13-9-5.7 shall not exceed 25% of the total portfolio of public funds invested by the city, including balances in transaction accounts.
(D) The Clerk-Treasurer may invest in certificates of deposit that have been designated by the State Board of Finance as a depository for state deposits.
(E) The above stated policy shall become effective January 1, 2019 and shall expire December 31, 2023.
(Ord. 2014-19, passed 12-10-2014; Ord. 2020-16, passed 4-22-2020)