(A) The primary objective, in order or priority, shall be:
(1) Legality: conforming with federal, state, and other legal requirements;
(2) Safety: preservation of capital and protection of investment principal;
(3) Liquidity: maintenance of sufficient liquidity to meet operating requirements; and
(4) Yield: attainment of market rates of return.
(B) The portfolio should be reviewed periodically as to its effectiveness in meeting the city’s needs for safety, liquidity, rate of return, diversification and its general performance.
(Prior Code, § 37.28) (Ord. 99-O-1688, passed 12-15-1999)