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.
Staff will present on a discussion point resulting from the Strategic Planning Retreat, this is an informative presentation and no decision points or consensus will be required.
Callan will present on high-altitude view of the Fund, some recent performance, and inflationary pressures. There will likely be time for Council Q&A, as well as interaction with the Permanent Fund Committee.
Agenda
I. Council Discussion - Leveraging the Permanent Fund Appropriation for Infrastructure
II. Callan Presentation -Second Quarter Update on Valdez Permanent Fund Assets and Investment Returns