Join CalTRUST investment pool with other California cities
Resolution Resolution No. 132-12
In Plain English
Richmond currently manages its own cash investments separately. CalTRUST pools money from multiple cities to get better returns and lower fees. If approved, the city gains access to professional investment management and potentially higher earnings on idle cash.
Auto-generated summary. Source: official agenda documents.
Votes
Approve consent calendar
6 to 0
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5 related items found by meaning
Approve updated city investment policy for managing public funds
Approve investment policy for managing city funds
Adopt investment policy governing how the city manages its cash reserves
Approve agreement with PARS to create combined pension and retiree health trust
Confirm city investment policy as recommended by auditors
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