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The City shall lengthen its maturities when rates are falling and <br />shorten maturities when rates are rising. The City shall attempt <br />to take advantage of imperfections in the market where a security's <br />price is out of line with other investments, and to improve yields <br />during contracyclical changes in interest rates through the purchase <br />of occasional odd lots which are offered at bargain prices. <br />The basic premise underlying the City's investment philosophy is to <br />ensure that money is always available when needed and at the same <br />time reaping the highest and best return. <br />Investment income shall be shared by the General Fund with restricted <br />fund balances on a proportionate ratio of balances to total pooled <br />cash and investment income credited accordingly on a quarterly <br />basis. <br />