File #: 24-0305    Version: 1
Type: Work Session Item Status: Agenda Ready
File created: 7/31/2024 In control: City Council
On agenda: 8/6/2024 Final action:
Title: Annual Permanent Fund Meeting
Attachments: 1. 2024 Q2 Valdez City Council Workshop
Date Ver.Action ByActionResultAction DetailsMeeting DetailsAudio
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ITEM TITLE: 

Annual Permanent Fund Meeting

SUBMITTED BY: Jordan Nelson, Finance Director

 

FISCAL NOTES: 

Expenditure Required: na

Unencumbered Balance: na

Funding Source: na

 

RECOMMENDATION:

Receive and file

SUMMARY STATEMENT:

This is a one-hour workshop that serves as the annual Permanent Fund discussion with Council

City’s Investment Advisors, Alex Browning and Alex Ford from Callan LLC will join in-person.

Callan will present on high-altitude view of the Fund and recent performance, as well as an overview of an Asset Spending Study. There will likely be time for Council Q&A, as well as interaction with the Permanent Fund Committee.