(A) This policy applies to the investment of all funds of the city including but not limited to, the general fund, special revenue funds, debt service funds, project funds, and trust and agency funds.
(B) The town may consolidate fund balances to increase investment earnings and to increase efficiencies with regard to investment pricing, banking fees and administration. Investment income will be allocated to the various funds based on their respective participation and in accordance with generally accepted accounting principles.
(Ord. 2014-012, passed - - )