(A) To the extent possible, the city will attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the city will not directly invest in securities maturing more than two years from the date of purchase. However, the city may collateralize its repurchase agreements using longer-dated investments not to exceed 20 years to maturity.
(B) Reserve funds may be invested in securities exceeding two years if the maturity of such investments are made to coincide as nearly as practicable with the expected use of the funds.
(Ord. 7346, passed 2-11-97)