Chapter 3.40
INVESTMENT OF EXCESS AND INACTIVE FUNDS
Sections:
3.40.020 Determination of available moneys.
3.40.030 Quarterly report of transactions.
3.40.010 Allowed investments.
Excess and inactive funds on hand in the city treasury can be invested in all forms of investments that are authorized by Washington State Law. (Ord. 506 § 1, 1989)
3.40.020 Determination of available moneys.
The city clerk/treasurer is directed to determine the amount of moneys available in funds for investment purposes and make such investments as are herein authorized. (Ord. 506 § 2, 1989)
3.40.030 Quarterly report of transactions.
The city clerk/treasurer shall report quarterly to the city council all investment transactions involving city funds. (Ord. 506 § 3, 1989)