(A) To the extent possible, the city shall attempt to match its investments with anticipated cash flow requirements. Unless matched to a specific cash flow, the city shall not directly invest in securities maturing more than five years from the date of purchase.
(B) Reserve funds (MC&CF or trusts) may be invested in securities exceeding the maximum years.
(1994 Code, § 40.13) (Ord. 99-03, passed 3-22-1999; Ord. 2017-07, passed 12-26-2017)