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III. INVESTMENT POLICIES <br /> A. PURPOSE <br /> The investment policies are designed to legally maximize the return on the <br /> city's idle funds. <br /> B. POLICY <br /> The city will regularly analyze its cash flow needs. <br /> The city will collect, disburse and deposit funds on a regular basis. <br /> The city will pool cash from its different funds and invest it as allowed <br /> by law. <br /> The general fund will receive 5 percent of all investment earnings as <br /> administrative fees for the finance director's time. <br /> The city will invest funds for the highest rate of return possible allowed <br /> under state and federal law, while maintaining a diversified investment <br /> portfolio. <br /> The city will regularly review its cash position and investment performance <br /> as documented by its financial records. <br /> C. IMPLEMENTATION <br /> The following graph historically illustrates the city's interest rate on <br /> its investments compared to general interest rates. <br /> Source: City Investment Records and Marquette Bank <br />