Pooled Funds Investment Policy
City cash (exclusive of pension funds administered by the Wichita Retirement System) not immediately needed for City expenditures is invested in U.S. Treasury and agency securities, fully collateralized bank and time deposits, and other instruments as permitted by State statute. The City of Wichita has received expanded investment authority from the Kansas State Pooled Money Investment Board. Expanded investment authority entitles the City to extend the maturity of its investments from two to four years and authorizes investments in agency securities to further diversify the portfolio.
In accordance with K.S.A. 12-1675 and amendments thereto, the City of Wichita periodically has money available to invest in certificates of deposit (CDs) of eligible banks, savings and loans and savings banks with main or branch offices located in the City of Wichita. In order to bid on available funds of the City, appropriate forms and agreements must be completed and approved by the governing body. If you are interested in submitting bids on funds available for investment or have any questions regarding this process, please contact the Treasurer's Office for further information.