Benicia’s investment portfolio “is safe and diversified, and has enough liquidity,” Carlos Oblites told the Finance Committee Friday morning. Oblites, director of PFM Asset Management, the city’s investments consultant, told the panel that his company expects rising rates on the horizon, particularly as the Board of Governors of the Federal Reserve System, often nicknamed “the […]
Committee to hear of key step in city’s computer overhaul
Finance panel to get update on long-delayed upgrade; investment review also slated A proposal request for Benicia’s new computer finance software is being prepared, the Finance Committee will hear Friday. And by June, an assessment recommendation should be put before the City Council, according to a pre-implementation schedule prepared by interim Finance Director Brenda Olwin.