(A) It is the policy of the city to invest public funds in a manner which will provide the highest investment return with the maximum security while meeting the daily cash flow demands of the city and conforming to all applicable local, state and federal statutes governing the investment of public funds.
(B) The city's investment and deposit policy, as set forth in this subchapter, shall be adopted by ordinance of City Council. The policy shall be reviewed on an annual basis by the Finance Director and with Council at least every five years. Any modifications made thereto must be approved by the City Council. (Ord. 2973, passed 4-11-95)