Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
PMA outlines cash-flow investment option for CCSD 62, cites ISLAF and a net-fee approach
Summary
PMA presented to the board options for investing district funds, emphasizing a cash-flow analysis, the ISLAF program, and a fee structure expressed as basis points off gross yield (about 20–21 bps).
PMA, a public-funds investment firm, presented options for district investment of CCSD 62 funds at the March 17 board meeting, describing a cash-flow-driven approach, program governance and the typical fee structure.
Charlie Zacker, senior vice president at PMA, said PMA specializes in public funds investment for school districts and works through the Illinois School District Liquid Asset Fund (ISLAF) to provide institutional pricing and reporting. Tim (PMA) described the firm's cash-flow analysis, which maps district high-point fund balances and expected low points so investments can be time‑matched to cash needs.
Why it matte…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
