CHAPTER 224: INVESTMENT POLICY
Section
   224.01   Introduction
   224.02   Scope
   224.03   Objectives
   224.04   Prudence
   224.05   Authorized dealers and financial institutions
   224.06   Authorized investments
   224.07   Maximum maturities
   224.08   Safekeeping and custody
   224.09   Prohibited investment practices
   224.10   Internal controls
   224.11   Records and reporting
   224.12   Education
   224.13   Ethics and conflicts of interest
   224.14   Nonbinding arbitration
   224.15   Investment policy review and revision
§ 224.01 INTRODUCTION.
   It is the policy of the City of Shelby, Ohio, to invest public funds in a manner that will provide the highest investment return with maximum security, safety, and preservation of principal while meeting the daily cash flow needs of the city and conforming to applicable laws governing the investment of public funds by an Ohio municipality. The Director of Finance and Public Record is the investment officer for the city, charged with the responsibility for the purchase and sale of investments and the implementation of and compliance with this investment policy.
(Ord. 16-2016, passed 7-18-2016)
§ 224.02 SCOPE.
   This investment policy applies to all financial assets of the city, including state and federal funds held by it, other than funds held and invested pursuant to the express terms of a trust agreement. The Director of Finance and Public Record shall routinely monitor the contents of the city’s investment portfolio, the available markets and relative value of competing investments and shall adjust the portfolio accordingly.
(Ord. 16-2016, passed 7-18-2016)
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