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D. Accounting Method <br />The City shall comply with all required legal provisions and Generally Accepted <br />Accounting Principles (GAAP). The accounting principles are those contained in the <br />pronouncements of authoritative bodies including, but not necessarily limited to, the <br />Governmental Accounting Standards Board (GASB). <br />Pooling of Funds: Except for cash in certain restricted and special funds, the City will <br />consolidate balances from all funds to maximize investment earnings. Investment income <br />will be allocated to the various funds based on their respective participation in the <br />investment program and in accordance with generally accepted accounting principles. <br />12. Policy Adoption <br />The City's Investment Policy shall be adopted by the City Council and reviewed by the Council <br />Finance Committed as needed but not less than every two years. This Policy has been adopted <br />by the City Council on , 2025. <br />City of Tukwila Investment Policy 2025 Page 15 of 18 <br />19 <br />