HomeMy WebLinkAbout(1981, 02/09) - F-1 - AmendedF -1
2/9/81
DEPOSIT, WITHDRAWAL AND INVESTMENT OF FUNDS
It is the policy of t e City to achieve a return on idle funds by investments
in bank accounts or of r investments permitted by law. It shall be the duty
of the Finance Director 'r persons authorized by him to make withdrawals and
deposits in inactive acco nts in the several financial institutions within the
City and other investments which will be to the best interests of the City in
accordance with sound fisca policy, and considering the size, stability and
liquidity of the bank or oth institution utilized. It is desirable to obtain
maximum yield on the funds de sited 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 - February 4, 1972
Reaffirmed - December 10, 1973
Amended - February 11, 1974
Reaffirmed - November 11, 1974
Amended - February 9, 1981
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