Lake Wales (Current through Ordinance 2023-17, Adopted 7-05-2023) |
Code of Ordinances |
Chapter 2. Administration |
Article V. Financial Administration |
Division 1. Investment Of Public Funds |
§ 2-504. Performance measurement.
Latest version.
The city seeks to optimize return on investments within the constraints of safety and liquidity. The investment portfolio shall be designed with the annual objective of equaling or exceeding the average annual return earned on investments held by the Florida Local Government Surplus Funds Trust Fund (SBA).
(Ord. No. 95-44, § 1, 12-19-95)