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Manhattan board repeals old investment policy, adopts updated policy and amends deposit/disbursement code
Summary
The Village of Manhattan board voted to repeal an older investment ordinance, adopt a new investment policy aligned with GFOA guidance, and amend municipal code sections governing deposits and disbursements.
The Village of Manhattan Board voted to repeal Ordinance No. 13-04-19 and adopt a new investment policy, and it also approved amendments to Village Code sections that govern deposit and disbursement of funds.
Board members approved the package after a staff presentation that said the changes mostly update language to reflect best practices recommended by the Government Finance Officers Association (GFOA). The changes include a resolution adopting the new investment policy and amendments to Village…
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