finance_and_audit_committee_meeting_agenda_october.pdf
Milford Maintains Investment Services with PFM Asset Management
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Description
The City of Milford, Delaware continues its engagement with PFM Asset Management, a division of U.S. Bancorp Asset Management, Inc, to manage public sector investment portfolios. PFM provides investment advisory and reporting services for the city's funds, supporting the city’s financial operations and reserve management.
Contract Details
Vendor
PFM ASSET MANAGEMENT a DIVISION OF U.S. BANCORP ASSET MANAGEMENT INC
Agency
City of Milford, DE
Contract Type
FINANCIAL_SERVICES
Document Date
October 27, 2025
Contract Term
Quarter ended September 30, 2025; relationship began December 31, 2023 (per portfolio inception)
Renewal Info
Ongoing advisory engagement; terms not publicly specified within the report. Portfolio inception date referenced is December 31, 2023, suggesting at least a multi-year relationship; renewal actions, if any, not specified.
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