Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Finance topic
No spam. Unsubscribe anytime.
Goldsboro hires Valley View to advise on investing city cash, council votes unanimously
Summary
The council approved a contract with Valley View Consulting to provide investment-advisory services for city funds — staff estimated advisory fees near $40,000 a year and said the firm will focus on safety, liquidity and cash-flow-driven laddering to modestly increase yield.
Valley View Consulting presented its scope to the council: cash-flow analysis, portfolio risk/return assessment, recommendations for laddered investments (short‑term CDs and treasuries), primary depository RFP support, and reporting that could be provided monthly or quarterly to council.
Mr. Wong (Valley View) estimated advisory fees at roughly $40,000 per year for the city’s portfolio size and explained that the firm’s approach aims to preserve principal and liquidity while seeking modest improvements in yield through laddering timed to cash-flow needs. He gave an example of laddering short maturities to raise conservative yields from roughly 3.5% to the low‑4s depending on treasury yields and maturities.
Council members asked for clarity about which pools of funds would be targeted and how reporting and fee cadence would be set. Staff said the finance director would work with Valley View to define the implementation plan and reporting schedule.
The council voted to adopt the resolution authorizing the contract on a unanimous recorded vote (7–0).
