2444Adopted by the City Council and signed by its Mayor on February 24, 2009.
CLEOP
Ronald C. Covey, Mayor-
ATTEST:
ED AS TO FORM: APPR
Ronald R. Cone, Finance Director
mes A. Whita er, City Attorney
• ORDINANCE NO. 2444
AN ORDINANCE AMENDING CHAPTER 2.12 OF THE MOSES LAKE MUNICIPAL
CODE ENTITLED "FINANCE DEPARTMENT"
THE CITY COUNCIL OF THE CITY OF MOSES LAKE, WASHINGTON ORDAINS AS FOLLOWS:
Section 1. Chapter 2.12 of the Moses Lake Municipal Code entitled "Finance Department" is amended as
follows:
2.12.040 Investments:
A.RCW Chapter 35A.40.050 provides a city may invest excess funds, may designate an
investment official and may deposit certain investment returns into the current expense fund.
B.The Finance Director is authorized to determine the amount of money available in each fund
for investment purposes and to make the investments allowed by law. The Finance Director
shall make a monthly report of all investment transactions to the City Council.
C.The Finance Director is directed to deposit all income derived from investments into the
current expense fund except for that income required by the Laws of the State of Washington
or the United States to be returned to the participating fund.
Section 2. This ordinance shall take effect and be in force five (5) days after its passage and publication
of its summary as provided by law.