The treasurer and all officers/employees involved in the investment process shall refrain from personal business activity that may conflict with the proper execution of the investment program, or may impair their ability to make impartial investment decisions. Employees and investment officials shall disclose to the mayor and council any material financial interests in financial institutions that conduct business within this jurisdiction, and they shall further disclose any personal financial/investment positions that could be related to the performance of the city’s portfolio.
A. The city treasurer is required by state law (RCW 42.17.245 as amended by Chapter 213, Laws 1983) to annually submit to the State Public Disclosure Commission a statement under oath, that no public funds under the treasurer’s control were invested in any financial institution where the treasure held an office, directorship, partnership interest or ownership. (Ord. 2937 § 1, 2014)