Investment Services

The Vendor is required to provide to maintain an investment portfolio that is sufficiently liquid to meet cash flow requirements as budgeted by the Town.
- Provide the town has two investment portfolios, one being long-term, and the second a guaranteed investment certificates (GIC).
- The portfolio should be structured so anticipated cash flow required is fulfilled by concurrently maturing securities. 
- To ensure that cash may be available for unexpected cash flow needs all securities must trade actively in secondary markets.
- These investments are supported by revenue from cash flows, surpluses, trust funds, reserves, and other sources.
- Most of the cash flow comes from property taxes received in June and November of each calendar year.
- This revenue is invested to fund cash requirements throughout the year.
- The Town must have access to cash, securities and information at all times, detailed disaster recovery plans must be in place.
- Reports will include a portfolio summary, performance overview, transactions summary, market commentary and confirmation that the portfolio remains in compliance with the Town’s Investment Management Policy.
- The dedicated liaison will have an experience level to support management of a multi-tiered investment portfolio.
- Responsible for the maintenance and construction of the transportation infrastructure within that area, as well as provision of other municipal services such as planning, assessment, recreation, and fire and agricultural related services.

- Contract Period/Term: 1 year
- Questions/Inquires Deadline: October 30, 2025