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Investment advisors tell Palm Coast council: "Safety first, liquidity second" as bond closing nears
Summary
Finance Director Helena Alves and PFM Asset Management presented the annual investment report, saying the city’s portfolio prioritizes safety and liquidity; council members asked how bond proceeds will be handled and Helena said pre‑closing is under way with funding expected April 23.
Palm Coast’s finance team and outside advisors presented the city’s annual investment report to council April 14 and answered questions about how upcoming bond proceeds will be handled.
Danella Mets of PFM Asset Management opened the presentation by summarizing the city’s investment philosophy: “Our focuses for the portfolio are safety first, liquidity, and yields last,” she said, echoing the city’s investment policy. Chief finance officer…
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