The selected firm will perform the following: • Provide non-discretionary management of the City’s investment portfolio in accordance with the City’s Investment Policy. • Provide assessments of the market to including market reaction of economic events. • Provide recommendations to the City for maximizing its investment portfolio while balancing short-term and long-term gains. • Execute securities purchases/sales upon authorization from the City. • Provide quarterly reports to the City for use during City Council Meetings. The City may also ask the selected firm to present the report to the City Council at a regularly scheduled meeting. Currently, City Council meetings are held on the first and third Thursdays of every month, beginning at 6:30 P.M. • Provide to City advice and recommendation on portfolio structure in regard to the City's cash-flow requirements, investment goals and other specific investment needs. • Provide to City advice and recommendations to buy and sell appropriate investment securities on non- discretionary basis.
