This investment portfolio will be managed in accordance with the guidelines specified within this subchapter. The portfolio should obtain a comparable rate of return during a market/economic environment of stable interest rates. Portfolio performance should be compared to benchmarks with similar maturity, liquidity and credit quality. The basis used by the Treasurer to determine whether market yields are being achieved shall be the U.S. Treasury Bill and the average Illinois Fund rate.
(Prior Code, § 37.38) (Ord. 99-O-1688, passed 12-15-1999)