(A) The primary objective, in order of priority, shall be:
(1) Legality. Conformance with federal, state and other legal requirements;
(2) Safety. Preservation of capital and protection of investment principal;
(3) Liquidity. Maintenance of sufficient liquidity to meet operating requirements; and
(4) Yield. Attainment of market rates of return.
(B) The portfolio should be reviewed periodically as to its effectiveness in meeting the village’s needs for safety, liquidity, rate of return, diversification and its general performance.
(1999 Code, § 1-6-4) (Ord. 99-114, passed 11-9-1999)