Chapter 3.46
INVESTMENT OF FUNDS

Sections:

3.46.010    Manner of regulation.

3.46.020    Investment committee.

3.46.030    Authorized investments.

3.46.040    Committee – Monthly report.

3.46.010 Manner of regulation.

Investment of City funds shall be made and regulated in accordance with Chapter 35.39 RCW, as amended. (Ord. C-696 § 2, 2009)

3.46.020 Investment committee.

A committee consisting of the City Manager, Clerk-Treasurer, and the Chairperson of the City Council Finance Committee is hereby established, and shall determine, from time to time, the amount of money in each fund for investment purposes and shall make investments as authorized in this chapter. (Ord. C-696 § 3, 2009)

3.46.030 Authorized investments.

The committee described in AHMC 3.46.020 shall be authorized to invest those funds of the City as are available for investment in the manner and in the investments as is now authorized and allowed under any amendments to this chapter, and said committee may do any other things authorized and allowed in Chapter 35.39 RCW, as amended. (Ord. C-696 § 4, 2009)

3.46.040 Committee – Monthly report.

The committee described in AHMC 3.46.020 shall make a monthly report to the City Council of all investment transactions. (Ord. C-696 § 4, 2009)