(A) Funds of the village will be invested in accordance with the Illinois Compiled Statutes, these policies, and written administrative procedures.
(B) The primary objective, in order of priority, shall be:
(1) Legality. The village’s investments will be in compliance with all federal, state, and other legal requirements;
(2) Safety. Investments of the village will be taken in a manner that seeks to ensure the preservation of capital and protection of investment principal;
(3) Liquidity. The village’s investments will remain sufficiently liquid to enable the village to meet all operating requirements that might be reasonably anticipated; and
(4) Yield. The village’s investments will be designed with the objective of attaining market rates of return.
(Ord. passed - -1999)