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Fiduciary board recommends Callan as consultant; assembly member seeks written cost comparison
Summary
The MOA Fiduciary Board reported multi-year returns and selected Callan in an RFP for consulting services; an assembly member requested a memorandum detailing the cost differential and a minority opinion before the assembly considers the contract.
The Municipal Organization of Anchorage (MOA) fiduciary board reported investment returns and told the Assembly Budget and Finance Committee on Sept. 18 that it selected Callan as the consultant recommended for a new contract after a competitive RFP process. Board Chair Slifka said the fund returned 9.4% over the trailing three years through June and that fund value in August was about $467,000,000.
The selection matters because the board will seek assembly approval of the consultant contract at an upcoming meeting. The board chair, Slifka, told the committee that while Callan’s proposed fee was higher than other bidders, the majority of the fiduciary board judged Callan’s…
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