§ 2.18.030. Investment of surplus funds.

Latest version.

The City Manager of the City of Wichita, Sedgwick County, Kansas, is authorized to arrange for the investment of city funds. The director of finance has management responsibility for the investment program and shall establish written procedures for the operation of the investment program. Funds shall be invested in accordance with K.S.A. 12-1675, as the same may be from time to time amended, and further defined by the procedural guidelines outlined in the City of Wichita's investment policy. In order of importance, the primary objectives of all such investments shall be; safety of principal, maintenance of adequate liquidity, and return on investment. All moneys earned and collected from investments authorized under this chapter shall be credited in accordance with the budget as adopted by the city council or as may otherwise be required by law.

(Ord. No. 41-317 § 2)

                    
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