(a) This chapter applies to the investment of all City monies held in all City funds, except for pension and retirement monies, deferred compensation accounts and the Airport Land Sale Permanent Fund and General Fund Land Sale Permanent Fund which shall be governed by KMC Chapter 7.30.

(b) The City’s investment portfolio shall be managed so that the portfolio, as a whole, meets the objectives set forth below. All persons selecting investments for City monies shall adhere to these objectives, which are listed in order of relative importance: