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The City shall lengthen _turities when rates are fal and shorten <br />maturities when rates are rising. The City shall attempt to take advantage <br />of imperfections in the market where a security's price is out of line with <br />other investments, and to improve yields during contracyclical changes in <br />interest rates through the purchase of occasional udd lots which are offered <br />at bargain prices. <br />The basic premise underlying the City's investment philosophy is to ensure <br />that money is always available when needed and at the same time reaping the <br />highest and best return. <br />Investment income shall be shared by the General Fund with restricted fund <br />balances on a proportionate ratio of balances to total pooled cash and in- <br />vestner,t income credited accordingly on a quarterly basis. <br />