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Riverbank council adopts revised statement of investment policy
Riverbank City Council · September 24, 2024
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Summary
Council unanimously adopted updates to the city's investment policy recommended by Meteor Public Funds Inc., expanding eligible instruments, collateral rules and portfolio limits to enhance security and returns.
The City Council adopted revisions to Riverbank’s statement of investment policy after staff presented recommended changes made by the city’s new investment advisor, Meteor Public Funds Inc.
Assistant City Manager Camille Kantor summarized key…
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