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<br />Departmentalappropnation. that have not been expended lap" at the end of the fiJcal year. Thercfore, funds that were budietcd <br />and not used by the departments during the fiscal year are not available for their UIC unless appropriated in the ensuing tiJcal <br />year'. budget. <br /> <br />Pund Investments. . . The City investment policy parallels state law which governs investment of public fund.. The City <br />generally restricts investments to direct obligations of the United States Government and to insured or collateralized bank <br />certificates of deposits. <br /> <br />18 <br />