3.28.140 Performance standards.

The investment portfolio will be managed in accordance with the parameters specified within the policy. The portfolio should obtain a market average rate of return during a market and economic conditions of stable interest rates. In general, the treasurer will strive to earn an average rate of return consistent with the U.S. Treasury Bill rate of return for a given period of time for the average weighted maturity of the village’s investments. (Ord. 1999-14 § 1 (part), 1999)