Memorandum 15-006 Investment Policies of the Permanent Fund

Memorandum 15-006

TO:                       MAYOR WYTHE AND HOMER CITY COUNCIL

FROM:                 JO JOHNSON, MMC, CITY CLERK, ON BEHALF OF THE PERMANENT FUND COMMITTEE

DATE:                  JANUARY 5, 2015

SUBJECT:         INVESTMENT POLICIES OF THE PERMANENT FUND

The Permanent Fund Committee met on February 13, June 12, August 14, September 18, and November 13, 2014. At each meeting the committee reviewed the investment policies of the Permanent Fund.

The Permanent Fund Committee unanimously voted to maintain the current investment policies; there is no change recommended at this time.

RECOMMENDATION:

Adopt Resolution 15-006 readopting the established investment policies of the Permanent Fund.