6.
City Council Work Session
- Meeting Date:
- 09/29/2015
- Co-Submitter:
- Andy Wagemaker, Revenue Director
- From:
- Andy Wagemaker, Revenue Director
- Department:
- Management Services
Co-Submitter:
TITLE:
Presentation on the City's Investments by The PFM Group.
DESIRED OUTCOME:
At this work session, the City's investment management firm, The PFM Group, will present a brief background on how the firm helps the City manage its investment portfolio and the services that it provides the City.
EXECUTIVE SUMMARY:
Historically, the City managed its own investment portfolio. In early 2011, the City looked into hiring an investment management firm to handle the City's investments and issued a Request for Proposal (RFP). On July 5, 2011, City Council approved a contract with The PFM Group for investment management services. On November 12, 2013, The PFM Group presented a brief overview on the City's investments. This presentation is an updated overview of the City's investments.
INFORMATION:
COUNCIL GOALS:
3) Provide sustainable and equitable public facilities, services, and infrastructure systems in an efficient and effective manner to serve all population areas and demographics
3) Provide sustainable and equitable public facilities, services, and infrastructure systems in an efficient and effective manner to serve all population areas and demographics