Investment Management Services

The Vendor is required to provide investment management services which may include:
• General Fund
• Special Revenue Funds
• Capital Projects Funds
• Debt Service Funds
• Enterprise Funds
• Internal Service Fund
• Trust and Agency Funds.
• Be either completely independent of any financial institution or securities brokerage firm; or fully and continuously disclose any relationships with such financial institution or securities brokerage firm, and further disclose any commissions, bonuses, or soft-dollar payments resulting from the firm’s relationship with the city.
• Take no possession of city funds or investment securities, nor have access to or control over such funds or securities. • Review and recommend changes to the city’s investment policy.
• Assist in developing depository services agency and provide guidance to the city in the selection and award process.
• Provide annual review of the city’s investment policy and activities to ensure compliance with the public funds investment act.
• Provide non-discretionary management of the city’s investment portfolio by acting solely in an advisory and administrative capacity within the guidelines of the city’s investment policy and at the direction of authorized city staff.
• Provide timely assessments of the fixed income market.
• Assist the city in developing and maintaining an authorized broker/dealer list and creating a competitive environment for each trade.
• Provide monthly and quarterly portfolio reports in a format acceptable to the city and compliant with state law.
• Assist with cash flow modeling to enhance investment strategies.
• Provide market analysis and commentary, including economic trends, to assist the city with investment strategies.
• Assist in developing and implementing investment strategies that will enhance portfolio performance under current and anticipated changes in market conditions within the parameters of established investment policies and cash flow needs.
- Contract Period/Term: 2 years
- Questions/Inquires Deadline: April 10, 2025