CivicInfo BC #11002

Independent Investment Advisory Opinion for Village of Haines Junction Reserve Funds

The Village of Haines Junction is seeking an independent financial advisor to provide guidance on investing its reserve funds (approx. CAD $10 million). - Government Buyer: - Village of Haines Junction, Yukon (incorporated municipality) - Services Requested: - Written advisory opinion on investment options for reserve funds - Evaluation of pooled investment funds managed by the Municipal Finance Authority of British Columbia (MFA) - Assessment of other permitted instruments under section 243 of the Yukon Municipal Act - Recommendations for allocations based on liquidity needs - Explanation of associated risks in accessible terms - Virtual presentation to Council - Unique Requirements: - Advisor must be fee-only, independent, and have no conflicting relationships - Demonstrated experience in public-sector or institutional investment advisory, ideally with familiarity in municipal finance authority pooled funds - OEMs and Vendors: - No specific OEMs or vendors named; MFA highlighted as a potential investment vehicle - No products requested; only advisory services are sought

Description

The Village of Haines Junction is seeking an independent financial professional to provide a one-time written advisory opinion on the investment of the Village's reserve funds, along with a presentation to Council. The engagement is limited to assessing the suitability of pooled investment funds managed by the Municipal Finance Authority of British Columbia and other permitted instruments under the Yukon Municipal Act. The advisor must provide a written opinion evaluating investment options, recommend allocations based on liquidity needs, and explain associated risks in accessible terms. The advisor will also present findings virtually to the Council and respond to questions.

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