§ 32.14 PERFORMANCE STANDARDS.

(A) This investment portfolio will be managed in accordance with the parameters specified within this policy. The portfolio should obtain a comparable rate of return during a market/economic environment of stable interest rates. Portfolio performance should be compared to benchmarks with similar maturity, liquidity, and credit quality of the portfolio.

(B) MARKET YIELD (BENCHMARK). Current 90-day treasury bill rate.

(Ord. passed - -1999)

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