Project Information

Bid Title

Investment Management Services

Issuing Agency

Cosumnes Community Services District

Location

California

Published Date

Feb 14, 2026

Closing Date

Mar 13, 2026

Government Level

State & Local

Status

Closed

Ref. #

DA-26-051

Original Source

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Bid Documents

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Project Description

Bid Number:	DA-26-051
Bid Title:	Investment Management Services
Category:	Professional & Consulting Services
Status:	Open

Description: The Cosumnes Community Services District is requesting proposals from qualified firms to provide investment management services.  Interested firms are invited to review the Request for Proposals (RFP) No. DA-26-051, Investment Management Services, for detailed information regarding the scope of services, submittal requirements, and evaluation criteria.  Proposals must be submitted in accordance with the instructions and deadlines set forth in the RFP. Publication Date/Time: 2/13/2026 12:00 PM Closing Date/Time: 3/13/2026 10:00 AM Submittal Information: See DA-26-051 Investment Management Services RFP Contact Person: Cristyn Vure, Sr. Management Analyst Related Documents: DA-26-051 Investment Management Services.pdf

Attachment Preview

COSUMNES COMMUNITY SERVICES DISTRICT

REQUEST FOR PROPOSALS (RFP)

FOR

Investment Management Services

DA-26-051

Release Date: February 13, 2026

Proposal Deadline: March 13, 2026, 10 am PST

Proposals must be received via email at the email address below by deadline.

Cristyn Vure, Senior Management Analyst

Email: cristynvure@cosumnescsd.gov

Phone: 916-405-5302

PLEASE READ: Ukraine/Russia-Related Sanctions Compliance. Consultant/Contractor is aware of the

requirements of California Executive Order N-6-22 (“Ukraine/Russia-Related Sanctions), which obligates

consultants/contractors to comply with existing economic sanctions imposed by the U.S. government in response to

Russia’s actions in Ukraine, as well as any sanctions imposed under state law. The Services may be subject to

compliance monitoring by the District. It shall be the consultants/contractors sole responsibility to comply with all

applicable economic sanctions.

Cosumnes Community Services District

8820 Elk Grove Blvd.

Elk Grove, CA 95624

SECTION 1 – PURPOSE

Cosumnes Community Services District RFP

Investment Management Services DA-26-051

Cosumnes Community Services District (“District”) is seeking proposals from qualified,

experienced, and licensed firms to provide professional investment management services. The

purpose of this Request for Proposals (RFP) is to identify a firm that will assist the District in

managing public funds in a manner that prioritizes safety of principal, maintains adequate

liquidity to meet operational and capital needs, and achieves a reasonable rate of return

consistent with the District’s Investment of District Funds Policy and applicable provisions of the

California Government Code.

SECTION 2 – DISTRICT PROFILE

The District is located in California’s Central Valley in the southern portion of Sacramento

County, four miles south of the Sacramento City limits. The District is the largest community

services district in California, encompassing 157 square miles and serving an estimated

population of 210,000.

The District is a regional agency providing fire protection services to the cities of Elk Grove and

Galt, as well as unincorporated areas in southern Sacramento County. Additionally, the District

provides parks and recreation services exclusively to the Elk Grove community.

The District is dedicated to enhancing the quality of life of the residents, businesses, visitors,

and employees within the diverse community by protecting lives, property, and the environment

through superior fire suppression, emergency medical services, fire prevention, and special

operations response; and by providing parks and recreation services through well-maintained

parks and recreational opportunities for health, wellness, and social interactions.

The District’s adopted budget for Fiscal Year 2025-26 totals $157.1 million, exclusive of interfund

transactions. As of June 30, 2025, investments totaled $142.3 million, allocated as follows:

INVESTMENT DESCRIPTION

CA Cooperative Liquid Assets Securities System (CA Class)

Professionally Managed Investments

Local Agency Investment Fund (LAIF)

Money Market Account

Certificates of Deposit

TOTAL

AMOUNT

$77,661,680

$43,160,978

$1,037,218

$9,586,796

$10,878,976

$142,325,648

The District’s investment portfolio information provided above reflects balances as of June 30,

2025, and is presented for informational purposes only. June 30 represents the annual peak of

the District’s cash flow cycle, coinciding with the receipt of major property tax revenues.

Investment balances fluctuate significantly throughout the fiscal year and are considerably lower

during interim periods while the District awaits scheduled property tax disbursements. During

these periods, the District relies on short-term investments and highly liquid instruments to meet

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Cosumnes Community Services District RFP

Investment Management Services DA-26-051

ongoing operational and cash flow requirements. Proposers are encouraged to consider these

seasonal cash flow variations when developing investment strategies and service proposals.

SECTION 3 – SCOPE OF WORK

The Cosumnes Community Services District (“District”) is seeking proposals from qualified firms

(“Consultant” or “Investment Manager”) to provide professional investment advisory and/or

discretionary investment management services. The District anticipates that services may

include discretionary investment management authority, subject to the District’s adopted

Investment of District Funds Policy and any written trading authority granted by the District.

Proposers shall clearly describe whether services are proposed as non-discretionary advisory,

discretionary investment management, or a hybrid model, and shall describe the level of trading

authority requested. The selected firm shall provide services in accordance with the District’s

adopted Investment of District Funds Policy, applicable provisions of the California Government

Code, applicable GASB standards, and generally accepted best practices for public fund

management.

The Consultant shall act as a fiduciary to the District and shall place the District’s interests above

all other interests at all times.

Proposers shall describe in their proposal how they will provide the services outlined below. The

District reserves the right to modify the scope of services during contract negotiations.

Services may include, but are not limited to the following:

1. Investment Management and Advisory Services

a. Manage the District’s separate investment portfolios on a day-to-day basis, as

authorized by the District, pursuant to stated investment objectives and liquidity

requirements.

b. Execute investment transactions on behalf of the District, within the limits of the

District’s Investment of District Funds Policy and any written trading authority

granted by the District.

c. Structure and manage the investment portfolio with priority given to safety of

principal, liquidity, and yield, in that order.

d. Monitor market conditions and portfolio performance and recommend or

implement adjustments consistent with the District’s Investment of District Funds

Policy.

e. Serve as a general resource to District staff by providing ongoing information,

advice, and guidance related to fixed-income investments and public fund

investment practices.

2. Cash Flow and Liquidity Coordination

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Cosumnes Community Services District RFP

Investment Management Services DA-26-051

a. Work closely with District staff to understand cash flow projections, anticipated

expenditures, and revenue timing.

b. Align investment strategies and security maturities with the District’s operational,

capital, and liquidity needs.

c. Provide guidance on liquidity management under varying interest rate

environments and market conditions.

3. Compliance and Policy Support

a. Ensure all investment activities are conducted in compliance with the District’s

Investment of District Funds Policy and applicable state and federal laws.

b. Maintain records demonstrating portfolio diversification, credit quality, maturity

structure, and policy compliance.

c. Assist the District, upon request, with periodic review and recommended updates

to the Investment of District Funds Policy.

d. Advise the District of regulatory, statutory, or accounting changes affecting public

agency investments.

4. Reporting and Performance Measurement

a. Provide monthly investment statements that comply with California Government

Code and applicable GASB requirements, including:

• Detailed listing of securities held

• Purchase cost, current market value (mark-to-market), and maturity dates

• Portfolio composition and compliance metrics

b. Provide quarterly investment reports that include:

• Summary of market and economic conditions

• Investment strategies employed

• Portfolio performance relative to benchmarks

• Compliance with the Investment of District Funds Policy

• Recommended or implemented strategy changes

c. Present performance results in accordance with the CFA Institute’s Global

Investment Performance Standards (GIPS), where applicable.

d. Prepare ad hoc reports as requested to support Board presentations, audits, or

management review.

e. Present investment reports to the District’s Board of Directors or designated

committees, as requested.

5. Custodial and Broker Coordination

a. Coordinate with the District’s independent third-party custodian and approved

broker-dealer to facilitate transactions.

b. Assist the District in evaluating broker-dealer creditworthiness and performance.

c. Acknowledge that the Consultant shall not provide custodial services or security

3

Cosumnes Community Services District RFP

Investment Management Services DA-26-051

safekeeping, and all securities shall be held by an independent third-party

custodian in the name of the District.

6. Education and Additional Advisory Services

a. Provide investment-related education and training for District staff and/or Board

members upon request.

b. Offer market briefings, investment strategy reviews, peer benchmarking, liquidity

stress testing, or other special analyses as requested by the District.

c. Support the District during external audits, rating agency reviews, or other financial

examinations related to investment activities.

7. Governance, Ethics, and Fiduciary Standards

a. Acknowledge in writing that it is acting as a fiduciary to the District.

b. Disclose any actual or potential conflicts of interest.

c. Provide a copy of the firm’s Code of Ethics upon request.

d. Describe how independence from broker-dealers and product providers is

maintained.

e. Certify that all recommendations are made solely in the best interest of the District.

8. Risk Management and Internal Controls

a. Monitor and report key risks, including interest rate risk, credit risk, concentration

risk, liquidity risk, and market risk.

b. Conduct periodic stress testing and scenario analysis.

c. Describe internal compliance and risk management processes.

d. Notify the District of any material policy breach or significant market event affecting

the portfolio.

e. The Consultant shall operate under clearly defined discretionary limits and shall

not exceed authorized investment parameters without prior written approval from

the District.

9. Transparency and Disclosure

a. Disclose all forms of compensation and fees.

b. Disclose any revenue sharing, referral arrangements, or financial relationships that

may create a conflict of interest.

c. Disclose disciplinary actions, regulatory investigations, or litigation within the past

five (5) years.

d. Disclose fee benchmarking relative to comparable public agency clients.

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Commodity Codes

• NAICS 523930Investment Advice
• NAICS 541611Administrative Management and General Management Consulting Services

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