(A) This policy applies to all assets of the Village of Romeoville and to those parties responsible for its administration as described in the Delegation of Authority of Ordinance 21-1696. Longer-term funds, including investments of employees' investment retirement funds and proceeds from certain bond issues, are covered by a separate policy.
(B) Except for cash in certain restricted and special funds, the village will consolidate cash balances from all funds to maximize investment earnings. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles.
(Ord. 2710-99, passed 10-20-99; Am. Ord. 21-1696, passed 4-7-21)