Chapter 3.72
INVESTMENT OF EXCESS FUNDS
Sections:
3.72.010 Determination of excess funds.
3.72.020 Investment – Authority.
3.72.010 Determination of excess funds.
The city clerk-treasurer shall determine the amount of money in each city fund which exceeds current needs and is available for investment. (Ord. 365, 1982)
3.72.020 Investment – Authority.
The city clerk-treasurer is authorized, after obtaining the prior approval of the mayor of the city, to invest such excess funds in such investments as may be permitted by law. (Ord. 365, 1982)
3.72.030 Monthly report.
The city clerk-treasurer shall make a monthly report of all investment transactions to the city council. (Ord. 365, 1982)