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Working group reviewing reserve and investment policies recommends range-based equity target; CapTrust review next
Summary
A working group presented 20‑year modeling on Jan. 21 and proposed replacing the current fixed 10% equity limit for the reserve fund with a target-plus-range approach and a phased plan, pending CapTrust review.
The Budget and Finance Committee’s investment-policy working group presented a progress update on Jan. 21, telling the committee it had completed 20‑year capital-outflow modeling and asked the committee to consider a less-restrictive investment mix for the association’s long-term reserve fund.
Why it matters: the reserve fund supports multi‑year capital work across the association, and an investment policy that is too conservative can erode purchasing power over decades; the working group’s analysis is intended to inform a policy the Governing Board will eventually approve.
What the working group presented
- Objectives and current policy: Micky (Mickey) Jacobs…
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