A. Deposits and Investments (Continued)

City Council · 2026-04-21 · agenda_item

This agenda item discusses the City of West Melbourne's investments, specifically focusing on how mutual funds, fixed income funds, real estate funds, and alternative funds are valued. It details the methods used for determining fair value, including the use of quoted market prices and net asset value (NAV). The item includes specific figures for real estate funds totaling $2,340,861 and alternative funds totaling $1,319,072, with details on redemption frequency and notice periods. This information is part of the city's financial statements and is currently under review as part of a council meeting. While this item does not describe a construction project, it relates to financial management and investment oversight. Businesses involved in financial services, investment management, and accounting may find this information relevant for understanding the city's financial activities and potential future needs.

real estate funds

2,340,861 $

alternative funds

1,319,072 $