§ 35.03 SCOPE.
   This investment and deposit policy applies to all moneys of the village, except for moneys whose investment and deposit are otherwise controlled by an independent board, advisory council, or trustee under requirements of bond indentures or endowment trusts (as in the case of certain bond debt service funds and debt service reserve funds, and certain nonexpandable trust funds). The village funds subject to this policy are hereinafter referred to as the “active portfolio.” Cash balances from the several different funds of the village may be pooled for investment purposes. Unless otherwise restricted by law, ordinance or trust agreement, all interest earnings will be credited to the general fund of the village.
(Ord. 98-6-7, passed - -98)