The vendor is required to provide that investment manager services for include:
• Manage the city’s long-term investment portfolio daily pursuant to the specific stated
investment objectives.
• Assist in placing all orders for the purchase and sale of securities.
• Communicate settlement information to city staff relative to purchase and sale of securities.
• Assist in coordinating security settlement.
• Submitting monthly, quarterly, and annual reports on all city funds to include monthly statements detailing:
a. Investment activity
b. Earnings
c. Value of investment portfolio
d. Portfolio return
e. Market to market valuation
f. Weighted average maturity
g. Accrued interest by investment type
h. Rating of investment by standard’s & poor’s and moody’
• Ensuring all requested reports are prepared in compliance with and financial reporting for certain investments and for external investments pools and no. 40 deposit and investment risk disclosures.
• Monthly reports combining both internally managed portfolio of city finance department short term (less than one (1) year) investments and bond proceeds and externally managed portfolio
• Maintaining accurate reports of investments including the diversity of investments and compliance with appliable investments policies of the city and state statutes
• Preparing and presenting an annual investment report, including both the internal and externally managed portfolios, to the city commission to include:
a. Description of market conditions
b. Investment strategies employed
c. Performance numbers as required by the institute.
d. Suggested changes to investment strategy.
e. Recommend of staff reallocations of the internal portfolio assets that may be necessary due to changing market conditions or the duration of the externally managed portfolio
• Ensuring all reports are available online or delivered to the finance director or designee by:
a. The 10th day of each month on investment activity, earnings and the value of the investment portfolio.
b. October 31st for investment risk disclosures pursuant to GASB 40 for inclusion in the annual comprehensive financial report (ACFR).
• Upon request by the city, attending other ad hoc meetings with city staff and city commission via in person, by phone, or on-line meeting platform.
• Assisting the city in evaluating the city’s investment policy through:
a. Developing a spending policy
b. Assessing investment objectives
c. Revising the investment policy statement to guide the portfolio management process.
• Supporting city staff in developing an annual cash flow projection in determining the amount of long-term core investments.
• Serving as a general resource to the city staff for information, advice and training regarding fixed income securities, investments, and treasury operations.
• Evaluating market risk and develop strategies that minimize the impact on the city’s portfolio.
• Assuring portfolio compliance with applicable policies and laws and the city’s investment policy.
• Assisting the city with maturity analysis.
• Assisting the city in defining and establishing appropriate performance benchmarks.
• Credit analyses of investment instruments in portfolio.
• Investment of city funds in accordance with city cash-flow needs.
- Contract Period/Term: 1 year