The City of Moraine will minimize interest rate risk, which is the risk that the market value of the portfolio will fall due to changes in market interest rates, by:
• Structuring the investment portfolio so that securities mature to meet cash requirements for ongoing operations, thereby avoiding the need to sell securities on the open market prior to maturity.
• Investing active deposits necessary for operating funds primarily in shorter-term demand accounts and money market deposit accounts or similar investments in accordance with this policy ( See, Section 151.092)