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1�..\•/: 4..1:+, ' • ■- <br />PURPOSE <br />To enaure the most efficient uae of the City's idle funds, and to <br />ensure the best return oa these funds while making only thoae <br />inveatments allowed by law. <br />POLICY <br />The City will make a caeh flow analysis of all funds on a <br />� regular basis. Diebureement, collection, and deposit of all <br />funds will be scheduled to ensure maximum caeh availability. <br />, When permitted by law, the City will pool cash from eeve=al <br />different funds for inveatment purposea. <br />. The City will invest 99 percent of ita idle cash on a <br />continual baeis. <br />The City will obtain the best poseible return on all cash <br />investmenta. Such investments will only be those legally <br />permissible under Minnesota law. <br />. The accounting system will provide regula= information con- <br />cerning cash poeition aad inveatment performance. <br />The City will make arrangements for banking services on a <br />� contractual baeis for a epecified period of two yeara, with <br />epecified fees for each service rendered. <br />B -13 <br />