The borough will maintain an investment policy based on the Government Finance Officers Association (GFOA) model investment policy.

The borough will conduct an analysis of cash flow needs on an ongoing basis. Disbursements, collections, and deposits of all funds will be scheduled to ensure maximum cash availability and investment potential.

When permitted by law, the borough will pool its various funds for investment purposes.

The borough will obtain the best possible return on all investments consistent with the underlying criteria of liquidity and safety of principal.

The borough will regularly review contractual opportunities for consolidated banking services. [Ord. 90-10 §2, 1990. Formerly §3.01.050].