Chapter 2.20
FINANCE COMMITTEE
Sections:
2.20.040 Investment authorization.
2.20.080 Organization.
2.20.120 Quarterly report.
2.20.160 Authority to turn investments into cash.
2.20.040 Investment authorization.
The finance committee of the city of Ellensburg is authorized to make the investments permitted by law, as specified in RCW 35.39.030, as presently enacted and as hereafter amended without the consent of the city council for each investment. [Ord. 2611 § 1, 1965.]
2.20.080 Organization.
The finance committee shall be comprised of two council members to be appointed by the mayor with approval and consent of the city council, the director of finance and the city manager. [Ord. 4040 § 1, 1996; Ord. 2611 § 2, 1965.]
2.20.120 Quarterly report.
The finance committee shall make a quarterly report of all investment transactions to the city council. [Ord. 4040 § 2, 1996; Ord. 2611 § 3, 1965.]
2.20.160 Authority to turn investments into cash.
The finance committee shall have authority to, at any time, convert the investments authorized by RCW 35.39.030, as presently enacted and as hereafter amended, or any part of the investments into cash. [Ord. 2611 § 4, 1965.]