Hire investment advisor to manage $386 million in city funds
In Plain English
The city currently manages $386 million in reserves and operating funds through state investment pools like CalTrust. If approved, Meeder Public Funds will provide professional investment advice and execute trades to potentially earn higher returns. The 3-year contract costs $465,000 total with option to extend 2 more years.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
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