FINANCIAL_SERVICESRECOMMENDED

Reno-Tahoe Airport Authority Finance & Business Development Committee Agenda Packet May 2026

RTAA Plans Five-Year Investment Advisory Deal With PFM

Estimated $129,500 per year; minimum annual fee $40,000; percentage-based 0.05% on operating portfolio and 0.04% on bond proceeds portfolioReno-Tahoe Airport AuthorityPFM ASSET MANAGEMENT DBA U.S. BANCORP ASSET MANAGEMENT INCMay 15, 2026

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Description

The Reno-Tahoe Airport Authority is poised to execute a five-year professional services agreement with PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc., to provide investment advisory services for its operating and bond proceeds portfolios. The agreement is estimated at $129,500 per year, structured as a percentage of assets under management, and includes two additional two-year options to extend.

Contract Details

Contract Amount

Estimated $129,500 per year; minimum annual fee $40,000; percentage-based 0.05% on operating portfolio and 0.04% on bond proceeds portfolio

Vendor

PFM ASSET MANAGEMENT DBA U.S. BANCORP ASSET MANAGEMENT INC

Agency

Reno-Tahoe Airport Authority, NV

Contract Type

FINANCIAL_SERVICES

Document Date

May 15, 2026

Contract Term

Five-year base term with two additional two-year options to extend (fees guaranteed for initial five-year term)

Renewal Date

2033-06-30

Renewal Info

Two optional two-year extensions beyond the five-year base term; fee percentage and structure are guaranteed for the initial five-year term. Renewal options may be exercised by RTAA subject to performance and needs.

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