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Finance committee backs unchanged permanent investment allocation, recommends full assembly approval
Summary
The Denali Borough Finance Committee voted unanimously to recommend a resolution carrying forward the existing permanent investment fund allocation and documenting a 5% rebalancing threshold after an auditor recommendation to formalize the practice.
The Denali Borough Finance Committee voted unanimously to recommend that the full assembly approve the proposed permanent investment fund allocation and documentation of an established rebalancing threshold.
Treasurer Allison Johnson told the committee the draft resolution carries forward the same asset-allocation percentages as the prior year and would formally document a practice already used by the borough and its investment adviser. “The resolution in front of you is, it does have the same allocation percentages carried from last year,” Johnson said. She described the fund split…
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