HomeMy WebLinkAbout13-Participating in the Utah Investment Fund
Action Item # 13 Investment FundUtah Public Treasurers’ Participating in the Consideration of
Utah Public Treasurers’ 2 Safe, liquid, and yield of 1.3%–Placer County Treasurer’s Investment Pool•Safe and liquid, but yield of 0.2%–Local Agency Investment Fund (LAIF)•Yield–Liquidity–Safety
of principal–Objectives•with California Government CodeDistrict’s investment policy adopted in 2006 in accordance •Background / History Investment Fund
New Information Investment FundUtah Public Treasurers’ 3 UAMPS can invest funds in UPTIF for the benefit of District•Safe, liquid, and yield of 0.5%–CodeInvestment objectives of UPTIF
are consistent with District –Fund (UPTIF)UAMPS invests in the Utah Public Treasurers Investment •Purchased power–Systems (UAMPS)District is a member of Utah Associated Municipal Power
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Fiscal Impact Investment FundUtah Public Treasurers’ 4 UPTIF yields twice that of LAIF•PCTIP $10 million @ 1.3% = $130,000 per year–LAIF $15 million @ 0.2% = $30,000 per year–District
currently invests $25 million•
Recommendation Investment FundUtah Public Treasurers’ 5 Investment Fund for the benefit of the Districtof investing the funds into Utah’s Public Treasurers’ Utah Associated Municipal
Power Systems for the purpose Authorize the Treasurer to transfer up to $10,000,000 to •