Borough Adjusts Investments With Guyasuta Into Bonds

Ligonier Borough Council noted that its finance committee and investment manager Guyasuta agreed to reallocate 10% of equity investments into bonds for the first half of the 2023 fiscal year. This adjustment reduces the Borough’s equity exposure from 85% to 75% and shifts a portion of assets into fixed-income securities.

Document date · February 9, 2023

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

first half of the 2023 fiscal year

Renewal

Guyasuta continues to manage borough investments with a revised allocation for the first half of 2023; no explicit renewal or end date was discussed.

Document type

Minutes

Source document

ligonier_borough_council_meeting_minutes_february.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Borough of Ligonier?

GUYASUTA was awarded this financial services contract by Borough of Ligonier, as recorded on February 9, 2023.

What type of contract is this?

This is a Financial Services contract, documented as a minutes record.

Where was this contract approved?

This contract appears in ligonier_borough_council_meeting_minutes_february.pdf (Minutes), dated February 9, 2023 from Borough of Ligonier. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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