Franklin County Commissioners Meeting Agenda Packet April 2025
ARPA Funds Invested With Franklin Savings
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Description
Franklin County holds ARPA fund cash and CDARS investments with Franklin Savings at interest rates of 3.0% and 3.5%. These placements are managed via Intrafi Cash Service and CDARS as part of the county’s ARPA fund investment strategy.
Contract Details
Vendor
FRANKLIN SAVINGS
Agency
Franklin County, ME
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2025
Contract Term
Interest-bearing ARPA Fund placements as of February–March 2025
Renewal Info
Ongoing banking and investment relationship; CDARS and cash placements likely renew at maturity subject to county decisions and bank terms.
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