Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
NVTA finance committee reports steady portfolio performance, moves to consider closed session on procurement
Summary
Staff told the finance committee the authority's investment portfolio returned about 4.48% and recent purchases of roughly $44.5 million bought yields near 3.7–3.78%; the committee also moved to consider a closed session to discuss potential contractual arrangements for technical services procurement under a Virginia Code provision.
At its Jan. 8 finance committee meeting, staff reported that the Northern Virginia Transportation Authority's investment portfolio was producing a performance figure of about 4.48 percent and that recent purchases of approximately $44.5 million involved instruments yielding roughly 3.7 to 3.78 percent.
Finance staff said the portfolio continues to cover the authority's operating budget on a monthly basis…
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
