Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Ross council authorizes Time Value Investments as town broker for selected funds
Summary
Council authorized the town manager to transact investments through Time Value Investments on a brokerage basis, adopting a non-discretionary structure and requiring staff approval for purchases. Contracting will prioritize safety and liquidity while seeking higher yields than LAIF for longer-dated funds.
The Ross Town Council voted unanimously to authorize the town manager to transact selected town funds with Time Value Investments (TVI) in a brokerage relationship intended to diversify returns beyond the local agency investment fund (LAIF) while preserving safety and liquidity.
Krista Johnson, the town manager, introduced the recommendation from the finance subcommittee to retain Aaron Bunk of Time Value Investments. Bunk (present via Zoom) told council that TVI works…
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
