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IgpgSTl�' POS,ICISS <br />PURPOSE <br />To ensure the most efficient use of the City's idle funds, and to <br />ensure the best return on these funds while making only those <br />investments allowed by law. <br />L Y <br />. The City will make a cash flow analysis of all funds on a <br />regular basis. Disbursement, collection, and deposit of all <br />funds will be scheduled to ensure maximum cash availability. <br />. When permitted by law, the City will pool cash from several <br />different funds for investment purposes. <br />. The City will invest 99 percent of its idle cash on a <br />continual basis. <br />The City will obtain the best possible return on all cash <br />� investments. Such investments will only be those legally <br />permissible under Minnesota law. <br />The accounting system will provide regular information con- <br />� cerning cash position and investment performance. <br />The City will make arrangements for banking services on a <br />� contractual basis for a specified period of two years, with <br />specified fees for each service rendered. <br />33 <br />