To the extent possible, the village will attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the village will not directly invest in securities maturing more than two years from the date of purchase. However, the village may collateralize its repurchase agreements using longer-dated investments not to exceed five years to maturity. All investments will be made with the intent to hold the investment to maturity but may be sold earlier if necessary.
(Ord. 48, passed 8-16-00)