The purpose of this investment policy is to establish the investment scope, objectives, delegation of authority, standards of prudence, reporting requirements, internal controls, eligible investments and transactions, diversification requirements, risk tolerance, and safekeeping and custodial procedures for the investment of the funds of the Town of Vail, Colorado (hereby referred to as the “town”). The investment policy of the Vail Town Council for the town of Vail represents the financial boundaries within which its cash management process will operate.
(Ord. 24(2016) § 1)