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Fort Thomas finance committee to seek adviser before adopting investment policy
Summary
Committee members reviewed a draft investment policy and agreed to solicit investment advisers for guidance before approving a final policy; current city funds are largely in CDs and money-market accounts.
Fort Thomas’ finance committee reviewed a draft city investment policy and agreed to solicit outside investment advisers before asking the full council to adopt a final policy.
Committee members said the draft is an initial “first run” and that staff wants to identify advisers who understand Kentucky law and municipal constraints before council signs off. “Yes. Discussion won't be super in-depth. I did just want to send out, that draft policy is just a first run,” said Matt (city staff).
Why it matters: the policy will guide where the city places its cash beyond traditional…
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