The investment portfolio of Public Moneys of the Village (the “Investment Portfolio”) shall be managed so as to strive to attain a market-average rate of return throughout budgetary and economic cycles, taking into account the Village’s investment risk constraints and the cash flow characteristics of the portfolio. The primary objective of this Investment Policy shall be the preservation of capital and the protection of investment principal.
(Ord. 2006-11. Passed 4-5-06.)