165.01 INVESTMENT OF FUNDS.

   (a)   Unless otherwise provided by law, public funds of the City shall be invested in the manner provided by Ordinance 96-7-78, as amended.

   (b)   All interest income from the investment of moneys through the Treasury Investment Pool shall be distributed not less than semi-annually based upon the average monthly balances in the participating funds during the period covered by the distribution. The interest income shall be credited to the originating fund as determined by the Director of Finance.

   All interest income from the investment of moneys separately deposited in segregated funds shall be returned to such segregated funds.