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The City shall annually submit necessary documentation to obtain the Certificate of Achievement for <br />Excellence in Financial Reporting as awarded by the Governmental Finance Officers Association of the <br />United States and Canada. <br />IP <br />7. <br />NVESTMENT OLICIES <br />The objectives of the investment policies is to ensure that all revenues received by the City are promptly <br />recorded and deposited in designated depositories, and if not immediately required for payments of <br />obligations, are placed inauthorized investments earning interest income for the City according to the <br />adopted Investment Policy. <br />The City's formal Investment Policy, as adopted by Ordinance 1802 on January 13, 1992, governs the <br />City's investments. <br /> <br />