Item 21
approved contractJun 4, 2025
Description
Authorize to exercise a contract renewal option with PFM Asset Management, a division of US Bancorp Asset Management, Inc., Harrisburg, PA (originally approved by G&C on 7/27/22, Item #30), by increasing the price limitation by $858,442 from $825,00 to $1,683,442, and by extending the completion date from July 26, 2025 to July 26, 2028 for the purpose of providing investment management and advisory services. Effective upon G&C approval through July 26, 2028. Payments under this contract shall be unencumbered with internal accounting control within the State Treasury. 100% Agency Income – Interest on Surplus Funds
Amount
$1.7M
$858,442, $825,00, $1,683,442,
Department
STATE TREASURY
Funding Source
100% Agency Income
Effective Dates
July 26, 2025 — July 26, 2028
Vote Record
approved
Motion by Kenney, seconded by Stevens acted as follows
Joseph Kenney
(R)
yes
Karen Liot Hill
(D)
yes
Janet Stevens
(R)
yes
John Stephen
(R)
yes
Dave Wheeler
(R)
yes
Documents (1)
Item_21.pdf
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