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Finance committee adopts permanent investment-fund allocation, opts for conservative general-fund strategy
Summary
Committee approved Resolution 26-01 adopting the permanent investment fund allocation and favored a conservative approach to redistributing general-fund excess cash (two-year liquidity target) to preserve operating flexibility while modestly boosting interest income.
The Denali Borough Finance Committee approved Resolution F C 26-01 to adopt the permanent investment fund allocation recommended by the finance staff and the committee.
During a presentation, finance staff (Allison) explained two scenarios for investing general-fund excess cash. Under the more conservative Scenario A, the borough would maintain 24 months of highly liquid…
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