Chapter 3.12
INVESTMENT OF FUNDS

Sections:

3.12.010    Authority – Procedure.

3.12.010 Authority – Procedure.

The city clerk-treasurer is authorized to invest any surplus funds which are on hand in such a manner as authorized by law, pursuant to policies and procedures set by the city council. The clerk-treasurer shall provide a quarterly report to the city council indicating compliance with the law and the city council’s policies and procedures. (Ord. 724 § 1, 1987; Ord. 468, 1973).