All interest earned and all other revenues derived from investments made pursuant to § 224.09 shall be paid into the Treasury Investment Fund, and any loss sustained through the sale of such investments shall be charged by the City Treasurer to such fund, and from time to time all or a portion of the balance remaining in such fund may be transferred to the General Fund of the City upon recommendation of the Director of Finance approved by the City Manager, except that all interest earned or other revenues derived from the investment of the Waterworks Revenue or the Sewer Revenue Fund or of the proceeds obtained from or through the issuance of waterworks, sewer and other bonds, payable from such funds, shall be transferred to the Waterworks and Sewer Revenue Funds. All interest earned or other revenues derived from investment of Federal funds shall be returned to such funds where required by Federal law.
(Am. Ord. O2008-56, passed 7-15-2008)