[R.O. 1992 § 125.120; Ord. No.
857-81, 11-17-1981; CC 1984 § 22.300]
It is hereby declared to be the policy of the City of Camdenton
to diligently and efficiently manage the financial resources of the
City in the most beneficial manner possible and to increase the non-tax
revenues of the City of Camdenton by investing available cash when
it is not needed for current obligations.
[R.O. 1992 § 125.130; Ord. No.
857-81, 11-17-1981; CC 1984 § 22.310]
The goals of the policy are to increase the availability of
cash by improving the control of the receipts and disbursements, to
increase the interest earnings of the City by more aggressive investment
practices and to decrease the borrowing costs of the City by better
understanding the flow of cash and careful scheduling of cash disbursements.
[R.O. 1992 § 125.140; Ord. No.
857-81, 11-17-1981; CC 1984 § 22.320; Ord. No. 1676-97 § 1, 10-9-1997]
The Investment Committee which shall consist of the City Administrator,
City Clerk and City Treasurer is hereby charged with the duty of carrying
out and implementing the policies and goals established herein.
[R.O. 1992 § 125.150; Ord. No.
857-81, 11-17-1981; CC 1984 § 22.330]
The Investment Committee is requested to hold a monthly meeting
regarding the current investments. In addition, the City Clerk is
requested to make monthly reports to the Board of Aldermen on the
progress and success in implementing these policies and goals. These
reports, besides showing current investments and interest earnings,
may include recommendations for action by the Board of Aldermen to
improve the cash management practices of the City.
