Chapter 3.08
INVESTMENT OF CITY FUNDS

Sections:

3.08.010    Short term investments.

3.08.020    Supervision.

3.08.010 Short term investments.

City funds in the custody of the city clerk/treasurer, which are not needed for immediate expenditures, shall be invested by the clerk/treasurer without the consent of the council for each investment. The clerk/treasurer shall keep a record of all bonds and investments and make a monthly report of all investment transactions to the city council as prescribed in RCW 35.39. (Ord. 728 §1, 1995; Ord. 523 §1, 1969).

3.08.020 Supervision.

The investment committee is authorized to supervise and direct the investment of the funds. (Ord. 523 §2, 1969).