In recognition of the inherent level of risk involved with any certain investment opportunity, the city’s funds shall be diversified by security type and institution. With the exception of fully insured investments, fully collateralized investments, or authorized investment pools, no more than 30% of the city’s total investment portfolio shall be invested in a single security type or with a single financial institution.
(Ord. 1B-1994, passed 12-13-1994)