(A) This Cash Management Plan is being established pursuant to the city's Cash Management Policy as adopted by the Council which requires such a plan to be developed. The objectives of this plan are to increase the amount of idle moneys invested, thus generating greater amounts of non-tax revenue through increased earnings, and simultaneously providing adequate safety and liquidity of the city's moneys. This plan will address five areas: cash receipts, cash mobilization and management of available resources (investments), cash disbursements, banking relations and monitoring and reporting on the plan.
(B) The Finance Director will ensure, whenever possible, separation of duties of the investment procedure.
(`90 Code, Appendix A, § 21)