IPAIT Overview
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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