The Mayor is authorized to invest Borough moneys in accordance with this chapter, and shall ensure that no person invests Borough moneys other than in accordance with this chapter and the administrative procedures established under this chapter. The Mayor may delegate daily management authority over the Borough investment program, in writing, to the Chief Financial Officer. With the advice of the Chief Financial Officer, the Mayor shall establish written administrative procedures for the operation of the Borough investment program, which may delegate authority to specific employees of the Borough Financial Services Department to supervise or conduct all or part of each investment transaction. Whenever this chapter assigns responsibility or gives authority to the Mayor, such responsibility or authority may be exercised by any person to whom the Mayor has delegated the responsibility or authority, unless otherwise provided in this chapter. (Ord. 87-069 § 4, 1988. 2004 Code § 3.04.020.)