A. The treasurer shall be responsible for the collection, custody and disbursement of all moneys from whatever source.
B. Operating cash shall be kept in one financial institution to be designated by resolution.
C. The treasurer shall invest city money upon directive of the council in any of the following types of investments:
1. bonds, notes or other obligations;
2. certificates of deposit or saving accounts of any bank.
(Ord. 77-01 (part), 1977)