Item - 2024.IB7.3

Tracking Status

This item was considered by Toronto Investment Board on June 20, 2024 and was adopted without amendment.

IB7.3 - Sinking Fund and Long Term Fund - Performance and Compliance Update for the First Quarter of 2024

Decision Type:: ACTION

Status:: Adopted

Wards:: All

Board Decision

The Toronto Investment Board received the report (June 3, 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 First Quarter of 2024.

Fauzia Babar and Brian White gave a presentation on behalf of Aon Consulting.

Origin

(June 3, 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 first quarter of 2024.

2. Investment Policy and Plan Compliance check for the first quarter of 2024.

Background Information

(June 3, 2024) Report from the Director, Capital Markets on Sinking Fund and Long Term Fund - Performance and Compliance Update for the First Quarter of 2024
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-246378.pdf
Attachment 1A - Discussion Guide
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-246379.pdf
Attachment 1B - Quarterly Investment Review
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-246380.pdf
Attachment 2 - Historical Funding to Investment Managers
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-246381.pdf
Attachment 3 - Flow of Funds
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-246443.pdf
Attachment 4 - City of Toronto Statement of Investment Policy and Procedures
https://www.toronto.ca/legdocs/mmis/2024/ib/bgrd/backgroundfile-246444.pdf

Motions

Motion to Adopt Item moved by Terry Carr (Carried)