Prior to each calendar quarterly meeting of the Investment Advisory Committee, the Administrative Services Officer shall review the financial market, forecasts on interest rates, financial statements of the Depositories and Custodians and the market price of available Authorized Investments. The Administrative Services Officer shall propose an investment strategy for the City pursuant to the objectives of this chapter. The investment strategy thereby selected shall be reported to the Investment Advisory Committee, which includes the Mayor or the Mayor's designee, at its next quarterly meeting for review and recommendation.
(Ord. 334-00. Passed 6-6-00.)