(A) The Investment Officer shall establish a system of written internal control which will be reviewed annually with the independent auditor of the city. The controls shall be designed to prevent loss of public funds due to fraud, employee error, misrepresentation by third parties, unanticipated market changes, or imprudent actions by employees of the city.
(B) Cash flow forecasting is designed to protect and sustain cash flow requirements of the city. Supplemental to the financial and budgetary systems, the Investment Officer will maintain a cash flow forecasting process designed to monitor and forecast cash positions for investment purposes.
(Ord. 1303, passed 9-21-2006; Ord. 19-1236, passed 11-7-2019)