§ 37.091 PURPOSE OF THIS INVESTMENT POLICY.

   (A)   This investment policy has been adopted by the Council in order to:

      (1)   Define and assign the responsibilities of all involved parties;

      (2)   Establish a clear understanding for all involved parties of the investment goals and objectives of city assets;

      (3)   Establish the relevant investment time horizon(s) for which the assets will be managed;

      (4)   Manage assets according to prudent standards;

      (5)   Establish a basis for evaluating investment results; and

      (6)   Adopt and implement the provisions of I.C. 5-13-9-1 et seq. (the Municipal Investment Act) including, in particular, § 5.7 of the Municipal Investment Act.

   (B)   In general, the purpose of this statement is to outline a philosophy and attitude which will guide the investment of the assets toward the desired results while complying with state law. It is intended to be sufficiently specific to be meaningful, yet flexible enough to be practical.

(Prior Code, § 2-532) (Ord. 13-33, passed 12-9-2013)