313 - Investing 101: Best Practices for Park Districts
Michelle Binns, Senior Managing Consultant, PFM Asset Management; Matt Hanigan, Senior Managing Consultant, PFM Asset Management
Park districts come in all different shapes and sizes, which means each district requires different levels of complexity and objectives in its investment program. However, one fact that holds for all park districts, regardless of size, is that district officials have a fiduciary duty in managing their district’s funds. A fully developed investment program allows officials to effectively set policy, make informed decisions and safeguard taxpayer dollars. In this session, we will detail the best practices and key steps to take to ensure your investment program is optimized and aligned with your district’s investment objectives and cash flow requirements. This presentation will include an economic update and review available investment options to safely maximize investment income in a low interest-rate environment.
- Learn the key components of a successful cash and investment program.
- Learn how the current interest-rate environment can affect your strategy now and going forward.