Specifications include, but are not limited to: A.. Provide investment services in a comprehensive manner to handle the day-to-day administration of the City’s investment portfolio. B. Develop investment strategies to maximize earnings while balancing the constraints of cash flow needs. C. Provide discretionary investment advisory services to help govern the City’s investment portfolio, currently valued at approximately $386MM. D. Execute security purchases and/or sales with broker/dealers in accordance with the City’s Investment Policy Statement. E. Provide monthly investments statements no later than ten (10) days after the conclusion of any month to include, but not limited to, individual security values at both market and cost, security ratings, transaction details, investment earnings and investment portfolio summary statistics. F. Provide monthly investment reports including a description of market conditions, investment performance and suggested changes to investment strategies. G. Review investment performance and recommendations with City’s Director of Finance or designee on a quarterly basis. Meet with Director of Finance or designee as needed to review investment strategies. H. Provide the City with maturity analysis. I Provide credit analysis of investment instruments in portfolio. J. Provide monthly/quarterly annual reporting on all government entity funds. K. Attend three meetings per year with City staff (remote is acceptable). L. Evaluate market risk and develop strategies that minimize the impact on the portfolio. M. Provide assurance of portfolio compliance with applicable policies and laws and the City’s Investment Policy. N. Establish an appropriate performance benchmark. O. Indicate full understanding of Investment Policy. P. Ensure portfolio structure matches City objectives. Q. Coordinate with City’s custodian to ensure appropriate safe-keeping and reporting of investment assets.
