80-8789 Investment Idle FundsORDINANCE NUMBER 80-8789
(Published in The Salina Journal 1979)
AN ORDINANCE PROVIDING THE PROCEDURE FOR THE INVESTMENT OF IDLE FUNDS
OF THE CITY OF SALINA, KANSAS; AMENDING SECTION 2-188 OF THE SALINA CODE AND
REPEALING THE EXISTING SECTION.
BE IT ORDAINED by the Governing Body of the City of Salina, Kansas:
Section 1. That Section 2-188 of the Salina Code be and the same is
hereby amended to read as follows:
"Section 2-188. Procedure and restrictions.
The City Manager and Director of Finance shall adopt a program
for the investment of idle moneys of the city not currently needed and
shall invest the same in accordance with Section 2-187. The investment
program shall so limit the amount invested and schedule the maturities
of investment so that the city will at all times have sufficient money
available to assure prompt payment of all city obligations."
Section 2. That the existing Section 2-188 of the Salina Code be and
the same is hereby repealed.
Section 3 This ordinance shall be in full force and effect from and
after its adoption and publication in the official city newspaper.
Introduced: April 21, 1980
Passed: April 28, 1980
(SEAL)
ATTEST:
D. L. Harrison, City Clerk