Investment Advisory Board

City of Rio Rancho Investment Advisory Board · August 28, 2024

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Opening, roll call and pledge

Presentation

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Chair Kelly Wainwright opened the meeting, led the pledge of allegiance, and conducted roll call. Members present included Chris Daniels, David Jablonski, Ron Baker and Chair Kelly Wainwright; Chandra McCray was noted as not present.

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The City of Rio Rancho Investment Advisory Board reviewed recent permanent fund and core/liquidity portfolio performance, discussed possible uses for the estimated 2025 permanent fund distribution (about $750,000), and voted to remove a timing restriction in the permanent fund ordinance to allow one-time windfalls to be added to the fund (members said a $1,000,000 cell-tower easement is expected).

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No transcript available.