Item - 2023.IB4.2

Tracking Status

This item was considered by Toronto Investment Board on September 29, 2023 and was adopted without amendment.

IB4.2 - Sinking Fund and Long Term Fund - Performance and Compliance Update for the Second Quarter of 2023

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Board Decision

The Toronto Investment Board received the report (September 11, 2023) from the Director, Capital Markets, Office of the Chief Financial Officer and Treasurer for information.

Origin

(September 11, 2023) Report from the Director, Capital Markets, Office of the Chief Financial Officer and Treasurer

Summary

As required by the City's Investment Policy, the purpose of this report is to provide the Toronto Investment Board with the following:

1. The performance of the Sinking Fund and Long Term Fund for the second quarter of 2023.

2. Investment Policy and Plan Compliance certificates and reports for the second quarter of 2023.

Background Information

(September 11, 2023) Report from the Director, Capital Markets, Office of the Chief Financial Officer and Treasurer on Sinking Fund and Long Term Fund - Performance and Compliance Update for the Second Quarter of 2023
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-239207.pdf
Attachment 1A - Toronto Investment Board - Discussion Guide - Q2 2023 (Aon)
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-239208.pdf
Attachment 1B - Performance Monitoring Report - Q2 2023 (Aon)
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-239209.pdf
Attachment 2 - Historical Funding to Investment Managers (Contributions Withdrawals)
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-239210.pdf
Attachment 3 - 2023 Quarterly Fund Information
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-239211.pdf
Attachment 4 - Compliance Certificates and Reports (April 2023 - June 2023)
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-239212.pdf
Attachment 5 - Flow of Funds (Sinking Fund)
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-239213.pdf
Attachment 6 - City of Toronto Statement of Investment Policy and Procedures
https://www.toronto.ca/legdocs/mmis/2023/ib/bgrd/backgroundfile-239214.pdf

Motions

1 - Motion to Adopt Item moved by Colin Lynch (Carried)