Transcript IPAIT Overview

Iowa Public Agency Investment Trust
www.IPAIT.org
800.872.4024
Program Details
Overview:
 Created in 1987
 Registered with the Securities and Exchange Commission
 Sponsored by:
► Iowa State Association of Counties (ISAC)
► Iowa League of Cities (ILC)
► Iowa Association of Municipal Utilities (IAMU)
 Board of Trustees
 Goals: safety, liquidity, yield
A Cash Management Program Exclusively for Iowa’s Public Institutions
www.IPAIT.org
Program Details (continued)
An Investment Program Utilized By:
 Cities
 Counties
 Municipal Utilities
 Other 28E Entities
Components:
 IPAIT Diversified Fund
 Fixed-Term Placement (CDs,
Agencies)
A Cash Management Program Exclusively for Iowa’s Public Institutions
www.IPAIT.org
Program Features
Benefits

24/7 Online access

Outstanding participant support

Tenured program administrators to answer any question

Convenient operation – one call, one statement

Unlimited number of sub-accounts

Unlimited number of monthly transactions

Encourages competitive environment

Safety of investments
A Cash Management Program Exclusively for Iowa’s Public Institutions
www.IPAIT.org
Implementation
How to Invest:

Adopt IPAIT resolution

Complete application and user forms, all available at
www.IPAIT.org/formsandreports.asp

Submit and invest as you see fit!
A Cash Management Program Exclusively for Iowa’s Public Institutions
www.IPAIT.org
Service Providers

Investment Advisor
Miles Capital, Inc.

Program Administrator
Miles Capital, Inc.

Program Marketer
Miles Capital, Inc.

Custodian
Wells Fargo Bank, N.A.

Legal Counsel
Ahlers & Cooney, P.C.

Auditor
KPMG, LLP
A Cash Management Program Exclusively for Iowa’s Public Institutions
www.IPAIT.org
Support and Questions
IPAIT Toll-Free Line: (800) 872-4024
 Amy Mitchell – IPAIT Director, Public Fund Services &
Administration
 Ryan Berry – IPAIT Public Fund Sales Associate
 Anita Tracy – IPAIT Senior Fund Services Administrator
 John Osier, CFA – IPAIT Portfolio Manager
A Cash Management Program Exclusively for Iowa’s Public Institutions
www.IPAIT.org