Library Plans Investment Management Agreement with Poehling

The Karl Junginger Memorial Library board reviewed a proposed engagement with Poehling Capital Management, Inc. to manage long-term investments under a new Investment Policy Statement. The plan calls for a 10-year investment horizon, annual 4% withdrawals of roughly $40,000, and quarterly reporting, with Charles Schwab serving as custodian.

Document date · May 25, 2021

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Long-term investment approach of 10 years; liquidity planning for 5 years of anticipated cash distributions; annual 4% withdrawal (~$40,000)

Renewal

Investment policy and manager engagement to be formally approved at a future meeting; long-term relationship envisioned over a 10-year investment horizon with annual review via quarterly statements.

Document type

Minutes

Source document

city-of-waterloo-library-board-meeting-minutes-may-25-2021_7e5.pdf

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City of Waterloo Council Agenda 2026-08-20

DISCUSSSED

City of Waterloo, WisconsinAug 19, 2026

karl_junginger_memorial_library_board_of_trustees.pdf

PENDING

Town of Waterloo, WisconsinMay 25, 2021

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Waterloo?

Poehling Capital Management Inc was awarded this financial services contract by City of Waterloo, as recorded on May 25, 2021.

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 city-of-waterloo-library-board-meeting-minutes-may-25-2021_7e5.pdf (Minutes), dated May 25, 2021 from City of Waterloo. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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