(A) This investment policy applies to all financial assets held directly by the city. These financial assets are accounted for in the city's annual financial report and include all moneys in the following funds:
General Fund
Gas Fund
Water Fund
Sewer Fund
Road Fund
LGEA Fund
Fire Department fund
Heritage Festival fund
Any new fund created by the governing body.
(B) Financial assets of the entity held and invested by trustees or fiscal agents are excluded from these policies; however, such assets shall be invested in accordance with state laws applicable to the investment of local government funds and in accordance with the city's primary investment objectives.
(Municipal Order 94-1, passed 11-17-94)