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A description of proposed services to be provided and how they meet the needs of the City as described in Section III - Scope of Services (Above). HOLISTIC VIEW At Meeder, we believe in always evaluating the entire financial picture of a client, and then providing a recommendation on how much they should be maintaining in cash and equivalent investments, as well as how much they should be investing longer -term. Overtime, the amount invested in cash versus longer -term investments is meant to increase or decrease as the financial situation of the City changes. By monitoring the seasonal trends of cash and investment balances along with daily cash inflows and outflows, we seek to maximize the amount of funds that can be invested into the portfolio. With a regular flow of maturities in the portfolio serving as backup liquidity, we are able to keep the portfolio fully invested in order to maximize income without sacrificing available liquidity to the City. DISCRETIONARY/NON-DISCRETIONARY MANAGEMENT Meeder Public Funds ("Meeder") provides both discretionary and non -discretionary investment advisory services for public entity clients. Under discretionary investment advisory, we outline parameters and targets for investing, based upon future cash flow needs and the current economic outlook, and then execute strategy. We recommend monthly calls to discuss the portfolio, which allows the entity's team to stay in touch with the structure and economic conditions. With non -discretionary clients, we will do all the above, but will reach out for client approval on all trades before they are placed. Both options are available to the client, however, from our client feedback, discretionary investment advisory services are favored more from clients. This option allows us to manage the portfolio without having to get in contact for every trade we need to do. INVESTMENT PHILOSOPHY Meeder has secured the trust of state and local government investment officers for more than 30 years. Meeder understands the complexities public entities face in creating an optimal investment program using a simplified process, to safely navigate dynamic markets and shifting rate cycles. Our staff is readily available to begin working with the Municipality and able to turnaround reporting within the first three business days of each month. A� M E E D E R PU.LIC FUNDS Meeder provides: Portfolio management in an SEC registered fiduciary capacity with discretionary/non-discretionary authority • Deep understanding and review of investment policy and cash flow to inform a highly customized plan n Consistent investment solutions via a highly quantitative strategy • Safety and liquidity while maximizing investment income over the long term • Diversified and liquid investment options permitted by state laws TEAM Meeder has what we consider to be one of the deepest, most highly qualified investment teams amongst advisors serving public entities. Meeder has over 130 associates, 34 of which are dedicated to working exclusively with public entities. Meeder is poised to take advantage of opportunities in the market and to assist clients with their needs. STRATEGY We practice a consistent, highly quantitative strategy for the fixed -income portfolios of public entities. Through detailed cash flow analysis, we help our clients construct a custom portfolio to meet the unique needs of their entity. These portfolios reflect our emphasis on safety and liquidity while attempting to maximize investment income. INVESTMENT POLICY REVIEW Meeder has extensive experience drafting and revising investment policies and portfolio management guidelines for many of our public entity clients. Creating and/or reviewing investment policies is one of the first steps we take with all clients. We encourage a clear and concise investment policy that provides adequate guidance and control without undue administrative burden. At least annually, Meeder will review the Investment Policy of the City and recommend any changes. City Council 22 — 14 5/7/2024