HomeMy WebLinkAbout(1974, 02/11) - F-1 - Amendedw
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F -1
DEPOSIT WITHDRAWAL AND INVESTMENT OF FUNDS
It is the policy of the City to achievd a return on idle funds
by investments in bank accounts or othei investments permitted
by law. It shall be the duty of the Fin'pnce Director or persons
authorized by him to make withdrawals an deposits in inactive
accounts in the several banks within the City and other investments
which will be to the best interests of the City in accordance with
sound fiscal policy, and considering the size, stability and
liquidity of the bank or oth& institution utilized. It is desir-
able to obtain maximum yield'on the funds deposited or invested
consistent with the above considerations.
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Adopted - April 6, 1959
Reaffirmed August 15, 1966
Reaffirmed November 12, 1968
Reaffirmed March 9, 1970
Amended - November 9, 1970
Reaffirmed February 8, 1971
Reaffirmed Februaryj4, 1972
Reaffirmed December 10, 1973
Amended - February 11, 1974