Item - 2024.IB6.2
Tracking Status
- This item was considered by Toronto Investment Board on April 3, 2024 and was adopted without amendment.
IB6.2 - Sinking Fund and Long Term Fund - Performance and Compliance Update for the Fourth Quarter and Full Year 2023
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Board Decision
The Toronto Investment Board received the report (March 19, 2024) from the Director, Capital Markets for information.
Decision Advice and Other Information
The Director, Capital Markets gave a verbal update on Sinking Fund and Long Term Fund - Performance and Compliance Update for the Fourth Quarter and Full Year 2023.
Fauzia Babar and Brian White gave a presentation on behalf of Aon Consulting.
Origin
(March 19, 2024) Report from the Director, Capital Markets
Summary
As required by the City's Investment Policy, the purpose of this report is to provide the Toronto Investment Board (Board) with the following:
1. The performance of the Sinking Fund and Long Term Fund for the fourth quarter and full year of 2023.
2. Investment Policy and Plan Compliance check for the fourth quarter and full year of 2023.
Background Information
(March 19, 2024)
Report from the Director, Capital Markets on Sinking Fund and Long Term Fund - Performance and Compliance Update for the Fourth Quarter and Full Year 2023
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244390.pdf
Attachment 1A - Discussion Guide - City of Toronto (Investment Board) - 2023 Q4
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244391.pdf
Attachment 1B - Toronto Investment Board - Performance Monitoring Report - Q4 2023
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244392.pdf
Attachment 2 - Historical Funding to Investment Managers (Contributions Withdrawals)
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244393.pdf
Attachment 3 - Flow of Funds (Sinking Fund)
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244394.pdf
Attachment 4 - City of Toronto Statement of Investment Policy and Procedures
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244395.pdf
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244390.pdf
Attachment 1A - Discussion Guide - City of Toronto (Investment Board) - 2023 Q4
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244391.pdf
Attachment 1B - Toronto Investment Board - Performance Monitoring Report - Q4 2023
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244392.pdf
Attachment 2 - Historical Funding to Investment Managers (Contributions Withdrawals)
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244393.pdf
Attachment 3 - Flow of Funds (Sinking Fund)
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244394.pdf
Attachment 4 - City of Toronto Statement of Investment Policy and Procedures
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-244395.pdf
Motions
1
- Motion
to Adopt Item
moved by
Terry Carr
(Carried)