Specifications include, but are not limited to: Dakota County, Minnesota (the "County") is soliciting proposals from investment advisory firms (Respondents) for portfolio management services for a portion of the County's operating and capital funds (non-pension funds). 1. Develop an investment strategy to achieve the County's investment objectives, including safety of principal, liquidity to meet the County's needs, and yield to achieve a reasonable market rate of return. 2. Provide active discretionary management for the County's intermediate and long-term funds. 3. All investments shall comply with all federal laws, State of Minnesota laws, and be in accordance with Minnesota Statutes, 118A.01 - 118A.08 and the County's Investment Policy, Attachment H. 4. Provide quarterly reporting of investment activity and portfolio performance to custodian and County staff. 5. Meet with County staff as needed to review and refine portfolio strategy and performance. 6. Provide additional services, as agreed upon, to assist the County in achieving its investment objectives including: review existing investment policies, investment procedures, cash flow projection tools, safekeeping practices and all third party contracts and recommend changes, if needed, to improve internal control and investment practices. 7. Provide current investment information and new GASB changes related to investment reporting for County staff as needed or requested.