This investment policy of the City of Moraine applies to all financial assets of The City of Moraine including active deposits, inactive deposits and interim deposits as those terms are defined by Ohio R.C. 135.01. The Finance Director shall routinely monitor the contents of the investment portfolio, the available markets and the relative value of competing investments and will adjust the portfolio accordingly.
Except for cash in certain restricted and special funds, the City of Moraine will consolidate cash balances from all funds to maximize investments. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles.
(Ord. 1776-10. Passed 9-23-10.)
(Ord. 1776-10. Passed 9-23-10.)