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.
Main minute
City Investments - 2023 Year End Report 2024-02-26.pdf
Attachment 1 - City of Burnaby Investment Limits for 2024.pdf