Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Bernalillo County Board of Finance approves quarterly investment strategy; treasurer cites liquidity and ARPA drawdown
Summary
The Bernalillo County Board of Finance on Nov. 18 approved the treasurer—s quarterly investment strategy 5-0 after presentations on portfolio adjustments, liquidity plans and ARPA-related drawdowns. The treasurer and advisors recommended reducing the core portfolio range to $350M—$450M to preserve operating liquidity.
The Bernalillo County Board of Finance voted unanimously Nov. 18 to give advice and consent to the treasurer—s proposed quarterly investment strategy after a briefing from the treasurer—s office and external portfolio advisers.
Treasurer Eichenberg opened the presentation and handed the detailed financial report to Ryan of the treasurer—s office and to Diane of GPA, the portfolio adviser. Diane said the proposed change would lower the target range for the core component of the county—s portfolio to $350 million on the low end and $450 million on the high end. "That results in discipline for the investment program," Diane said, adding that any increase above that range would require review by the finance committee and the board.
The nut graf: officials said the adjustment is meant to…
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
