By Adam Studzinski

NORMAL – An investment policy for the Town of Normal is up for approval by the Town Council Monday night.

City manager Mark Peterson explained the town has had a staff-developed policy for several years, but they want the council to be more involved by reviewing and approving it. He said the policy is complicated, but the primary focus is on safe and secure investments.

“Make sure that we’re doing our due diligence, that we’re responsible in handling the money that we’re intrusted to handle by our taxpayers, that the money is generally secure” said Peterson. “Yet, it is also working for us and when those funds are idle (make sure) that we are generating income.”

Peterson added at any one time Normal is typically able to invest $20-25 million dollars in various different areas.

“So we’re talking about a pretty substantial amount of money,” he said.

The policy will likely be periodically brought back for review by the council.

Normal’s meeting will take place at the Illinois State University Alumni Center following a joint meeting of the Town Council, Bloomington City Council and the McLean County Board.

Adam Studzinski can be reached at [email protected].