[HISTORY: Adopted by the Borough Council of the Borough of Wilkinsburg
7-11-1988 as Ord. No. 2311. Amendments noted where applicable.]
The borough's investment program shall be comprehensive in nature and
shall include all financial assets of the following funds: general, special
revenue, capital projects, sinking, special assessment and internal services.
The borough's financial assets are to be invested in accordance with
the Borough Code,[1] other applicable statutes, this chapter and regulations.
[1]
Editor's Note: See 53 P.S. § 46101 et seq.
The authority to invest and reinvest the borough's money, to sell or
exchange securities so purchased and to deposit such securities so purchased
for safekeeping is delegated to the borough's Finance Director.
The Borough Manager shall develop and maintain procedures and regulations
for the operation of the investment program, consistent with this chapter.
Such regulations and procedures shall be approved by the Borough Council.
A monthly report of all such investments shall be made to the Borough
Council.
The action of the proper officers and the advertising of this chapter,
as required by the applicable law, is ratified and confirmed.
