In accordance with state law (as amended from time to time), and as defined by section 2-1950 of the Code of Ordinances of the City of Kansas City, Missouri, the investment committee
shall establish an investment policy that reflects best practices for the prudent
investment of taxpayer funds, including, but not limited to, investing taxpayer funds
legally, safely, and with regard to the liquidity needs of the city. The investment
policy shall be approved by the city council. Subsequently, the investment committee
may make administrative changes to the policy, notifying the chair of the city council
standing committee cognizant of investment matters of such changes. Substantive changes
to the policy must be approved by the city council. The investment committee shall
meet on a regular basis to approve the investment activities.
