(A) To the extent possible, the city will attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the city will not directly invest in securities maturing more than one year from the date of purchase. However, the city may collateralize repurchase agreements using longer dated investments not to exceed seven years to maturity.
(B) Reserve funds may be invested in securities exceeding five years if the maturities of the investments are made to coincide as nearly as practicable with the expected use of the funds.
(Ord. 521, passed 6-13-2006)