Item - 2025.IB10.2

Tracking Status

IB10.2 - Sinking Fund and Long Term Fund - Performance and Compliance Update for the Fourth Quarter and Full Year 2024

Decision Type:
ACTION
Status:
Adopted
Wards:
All

Board Decision

The Toronto Investment Board:

 

1. Received this report for information.

Decision Advice and Other Information

Randy LeClair, 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 2024.

 

Fauzia Babar gave a presentation on behalf of Aon Consulting.

Origin

(February 25, 2025) 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 Sinking Fund and Long Term Fund performance for the fourth quarter and full year of 2024.

 

2.  Investment Policy and Plan Compliance check for the fourth quarter and full year of 2024.

Background Information

(February 25, 2025) Report from the Director, Capital Markets on Sinking Fund and Long Term Fund - Performance and Compliance Update for the Fourth Quarter and Full Year 2024
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-253446.pdf
Attachment 1A - Discussion Guide - City of Toronto (Investment Board) - 2024 Q4
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-253428.pdf
Attachment 1B - Quarterly Investment Review - City of Toronto (Toronto Investment Board) - 2024 Q4
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-253429.pdf
Attachment 2 - Historical Funding to Investment Managers (Contributions Withdrawals)
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-253430.pdf
Attachment 3 - Flow of Funds (Sinking Fund)
https://www.toronto.ca/legdocs/mmis/2025/ib/bgrd/backgroundfile-253431.pdf

Motions

Motion to Adopt Item moved by Sharon Castelino (Carried)
Source: Toronto City Clerk at www.toronto.ca/council