There shall be established an Investment Committee to approve the investment of funds and investment maturities, subject to a favorable vote of Town Council present and voting. Members of this Committee should include the Director of Finance, as Chairperson, and two additional members. The Committee may appoint additional members as deemed appropriate. The Committee shall meet at the beginning of each quarter to identify strategies for funds to be invested. Minutes of these meetings will be prepared and filed with the Town Secretary’s office, along with copies to the Town Council.
(Res. 2009-01, passed 3-7-2009)