Bernalillo County Board of Commissioners: Board of Finance Meeting, May 27, 2026

The Bernalillo County Board of Commissioners held a Board of Finance meeting on May 27, 2026, focusing primarily on financial management and investment strategies. Key procurement-related discussions included the review and approval of the county's quarterly investment strategy and amendments to the investment policy. The board discussed portfolio balances, investment yields, and adjustments to the core portfolio benchmark from a 0-10 year to a 0-7 year maturity range to reduce volatility and increase flexibility. The meeting also addressed the delegation of investment authority, clarifying roles between the investment officer and the registered investment advisor, with GPA serving as the advisory firm. Motions to approve the quarterly investment strategy and the amended investment policy were both passed unanimously. No new contracts or vendor selections were reported during this session.