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Investment Policy
According to Iowa Code Section 12B the City is required to have an Investment Policy in place and approved by City Council. The Investment Policy applies to all operating funds, bond proceeds, and other funds accounted for in the financial statements for the City.
The objectives of the Investment Policy are:
- Safety: Safety and preservation of principal in the overall portfolio is the foremost investment objective.
- Liquidity: Maintaining the necessary liquidity to match expected liabilities
- Return: Obtaining a reasonable return.
The Investment Policy also includes regular reporting to the city council.
Investment Policy – Adopted by Resolution on 1.18.2010