4.10.010 Scope.
This section is included in your selections.
(a) This chapter applies to the investment of all City monies unless otherwise provided expressly by ordinance.
(b) The City investment portfolio shall be managed so that the portfolio, as a whole, meets the objectives set forth below. All persons selecting investments for City monies shall adhere to these objectives, which are listed in order of relative importance.
(1) Safety of principal;
(2) Maintaining sufficient liquidity to meet the City’s cash flow requirements; and
(3) Achieving a reasonable market rate of return.
Notwithstanding the above objectives, no person shall invest City monies in a manner which violates any provision of this chapter or the administrative procedures established hereunder. [Code 1979 § 6.05.01.]