143.09 CASH MANAGEMENT AND INVESTMENT POLICY.

   In order to ensure the safety of public monies and the legality of City investments, the Director shall promulgate a cash management and investment policy for the City consistent with the provisions of this chapter, which shall include, but not be limited to, the following:

   (a)   The goals and objectives of the policy;

   (b)   Identification of the funds to be managed and invested in accordance with the policy, including identification of different investment strategies for different funds and the term of different types of investments;

   (c)   A list of authorized investments, including the extent to which the City may invest in specific eligible investment instruments;

   (d)   The policies and procedures for daily investments and the documentation of transactions, including the safekeeping of securities;

   (e)   Reporting requirements to be prepared by the Director or the Director's designee; and

   (f)   Procedures for evaluation of eligible depositories and securities dealers.

      (Ord. 08-94. Enacted 10-27-08.)