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The City Manager or her/his designee shall establish procedures for the operation of the City investment program. Funds shall be invested in accordance with K.S.A. 12-1675 through 12-1677d as amended. In order of importance, the primary objectives of all such investments shall be the safety of principal, maintenance of adequate liquidity, and return on investment. All moneys earned and collected from investments authorized under this section shall be credited in accordance with the budget as adopted by the City Council or as may otherwise be required by law. (Ord. 18383 § 2, 1-25-05; Ord. 17226 § 72, 1-27-98. Code 1995 § 2-253.)