The city's investment activities are designed to accurately monitor and forecast expenditures and revenues in order to:
(A) Invest up to 100% of all idle funds;
(B) Guarantee that funds are always available when needed;
(C) Manage the portfolio to take advantage of changing economic conditions that can aid in increasing the total return on the city's portfolio;
(D) Ensure that the city's primary investment objectives are met as follows, in order of priority:
(1) Safety. Safety of principal is the foremost objective of the city's investment program. Investments shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, diversification is required in order that potential losses on individual securities do not exceed the income generated from the remainder of the portfolio.
(2) Liquidity. The city's investment portfolio shall remain sufficiently liquid to meet all operating requirements which might be reasonably anticipated.
(3) Return on investment. The city's investment portfolio shall be designed with the objective of attaining a market rate of return throughout the budgetary and economic cycles, taking into account the city's investment risk constraints and the cash flow characteristics of the portfolio.
(Municipal Order 2018-MO-03, passed 11-12-18)