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HSS finance committee backs keeping trust assets in City treasury pool; board approves draft policy subject to legal review
Summary
After a yearlong review and a presentation from Makita Investment Group, the finance committee recommended and the Health Service System board approved continuing to place trust fund assets in the City treasury pool with quarterly performance updates, annual Treasurer briefings and review every three years; approval was unanimous and the policy remains subject to legal review.
The Health Service System finance committee on Tuesday recommended that the board adopt a draft investment policy statement and continue to utilize the City treasury pool for trust fund assets. The recommendation is based on a Makita Investment Group analysis that weighed statutory constraints, liquidity needs and potential returns.
Commissioner Sass…
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