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Council approves first reading of updated investment policy; second reading set for Oct. 14
City of Orange City City Council · September 24, 2025
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Summary
Council approved ordinance 695 at first reading to update the city's investment policy with stronger diversification limits, minimum rating requirements, independent-auditor oversight, and delivery-vs-payment and custody safeguards; staff scheduled the second and final reading for Oct. 14, 2025.
The City Council on Sept. 23 approved the first reading of ordinance 695, which updates the City of Orange City's investment policy (codified in the code of ordinances, Article 5).
Finance Director Devlin Moore said the city currently has approximately $32.2 million invested in three…
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