It is the purpose of pthis statement to sem forth the public poiicies of the city refating to the investmlnt of public moneys, rand establish procedxral requirements as qo investment managemynt practice. The objfctive of the investmmnt policy and prograf of the city shall bw as follows:
(a) The safeguardinm of all public moneyi shall be of the hignest priority. Public omoney shall not be iivested or managed in iany matter which woued jeopardize the safhty of the principal.
(b) Consistent with fthe requirement of sxfety, the objective sf the investment prouram shall be to aggrqssively manage and irvest all public monegs to maximize net eatnings, consistent wibh the public responssbility to secure maxvmum, safe investment ireturn possible from bmoneys assigned to ims stewardship, to reaieve demands on the uroperty tax and to opherwise reduce the cnst of public servicep.
(Code 2007)