Burnaby
City Financial Management Committee Adopts 2023 Investment Program Report and Plans for 2024
City Council Meeting
Date: 2024-02-26
finance
Summary: The Financial Management Committee received and adopted a report on the City's 2023 Investment Program and forecast for 2024.
- City Investment Portfolio: Totalled $2.23 billion on December 31, 2023, with a 4.04% annual yield.
- Investment Strategy: Focus on diversification, strong internal controls, and short/long-term products for liquidity and growth.
- Banking Relationships: Consistent in 2023, with plans for socially responsible investing and adjustments for 2024 limits.