FINANCIAL_SERVICESONGOING

City Maintains $25M+ Investment in Municipal Pool

Newton maintains significant investments in the Municipal Investment Pool, including more than $25 million in the overnight pool and a 365-day fixed-rate position at 2.27%. These pooled investments support the City’s cash management and earnings on idle funds.

Status
ONGOING
Document date
July 28, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Municipal Investment Pool
Agency
City of Newton · KS

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$25,687,083.43
Contract type
FINANCIAL_SERVICES
Contract term
Investments initiated 1/31/2013; ongoing overnight pool and 365-day fixed rate positions as of June 30, 2026
Renewal
Overnight pool position is continuous; 365-day fixed rate investment renews or matures based on pool terms, with reinvestment decisions made by City staff.
Document type
AgendaPacket
Source document
City of Newton Agenda Packet 2026-07-28

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Newton?

Municipal Investment Pool was awarded this financial services contract by City of Newton, as recorded on July 28, 2026. The contract value is $25,687,083.43.

How much is the Municipal Investment Pool contract with City of Newton worth?

The Municipal Investment Pool contract with City of Newton is valued at $25,687,083.43, covering financial services work.

What type of contract is this?

This is a Financial Services contract, documented as a agendapacket record.

Where was this contract approved?

This contract appears in City of Newton Agenda Packet 2026-07-28 (AgendaPacket), dated July 28, 2026 from City of Newton. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Municipal Investment Pool hold?

Municipal Investment Pool may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View Municipal Investment Pool's profile

What is City of Newton currently buying?

Explore City of Newton's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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