(A) It is the policy of the city to invest public funds in a manner which will provide the highest investment return with the maximum security of principal while meeting the daily cash flow demands of the city and conforming to all state statutes and city regulations governing the investment of public funds.
(B) KRS 83A.060(12) and (13) allow for the enactment of this policy by municipal order. The city's legislative body orders that the following shall be the investment policy of the city.
(Municipal Order 94-1, passed 11-17-94)