(a) Investment Advisory Committee. An Investment Advisory Committee is established for the purpose of periodically reviewing the City's investment of funds and advising the Director of Finance regarding such investments. The Committee shall meet at least once per year. The Investment Advisory Committee shall consist of the Mayor, the City Administrator, the Director of Law, the Chair of the Finance Committee of Tiffin City Council, and two electors of the City who shall be appointed by the Mayor for a term of two years and approved by City Council. The electors appointed by the Mayor shall have experience satisfactory to the Mayor to serve on the committee.
(b) Investment Policy. The City shall invest public funds in accordance with the City's Investment Policy as approved by City Council.
(Ord. 23-92. Passed 12-4-23.)
(c) (EDITOR’S NOTE: Former subsection (c) was repealed by Ordinance 23-92, passed December 4, 2023.)