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Findlay finance committee backs search for municipal investment adviser, sets reporting expectations
Summary
The Findlay City finance committee authorized the auditor to begin an RFP process to secure a state-registered municipal investment adviser, asking for fee-based proposals, sample reports and a firm recommendation by the August meeting. Committee members stressed continuity, quarterly check-ins and streamlined monthly summaries for council.
The Findlay City Finance Committee on May 5 directed the auditor to begin soliciting proposals for a state-registered investment advisory firm to assist with the city’s portfolio and provide continuity across future auditor administrations.
Committee members said the adviser should be experienced with municipal portfolios and produce transparent, regular reporting. "I've been an advocate of this from the very beginning, mostly from a consistency standpoint," the chair said, urging an adviser who can carry institutional knowledge through auditor…
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