The primary objectives, in order of priority, of the village investment activities shall be:
(A) Safety. Safety of principal is the foremost objective of the investment program. Investments of the village shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, diversification is required in order that potential losses on individual securities do not exceed the income generated from the remainder of the portfolio.
(B) Liquidity. The village investment portfolio will remain sufficiently liquid to enable the village to meet all operating requirements which might be reasonably anticipated.
(C) Return on investments. The village investment portfolio shall be designed with the objective of attaining a rate of return throughout budgetary and economic cycles, commensurate with the village's investment risk constraints and the cash flow characteristics of the portfolio.
(Ord. 48, passed 8-16-00)