4.
City Council Combined Special Meeting/Work Session
- Meeting Date:
- 11/12/2013
- 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.
INFORMATION:
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.