(A) Investment portfolio. The investment portfolio shall be designed with the objective of obtaining a rate of return throughout budgetary and economic cycles, commensurate with the investment risk constraints and the cash flow needs.
(B) Market yield (benchmark). The village’s investment strategy is active. The six-month U.S. Treasury Note will be used to determine if market yields are being achieved.
(Ord. 48, passed 8-16-00)