(A) Safety of principal is the foremost objective of the investment program. Investments of the county shall be undertaken in a manner that seeks to ensure the preservation of capital in the overall portfolio. To attain this objective, diversification is required in order that potential losses on individual securities do not exceed the income generated from the remainder of the portfolio.
(B) The county’s investment portfolio will remain sufficiently liquid to enable the county to meet all operating requirements which might be reasonably anticipated.
(C) The county’s investment portfolio shall be designed with the objective of attaining a market rate of return throughout budgetary and economic cycles, taking into account the county’s investment risk constraints and the cash flow characteristics of the portfolio.
(‘77 Code, § 8-86) (Ord. 1592, passed 3-16-92)