Franklin County Commissioners Meeting Agenda Packet April 2025
County ARPA Funds Invested with Franklin Savings
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Description
Franklin County’s ARPA cash and CDARS investments remain placed with Franklin Savings via Intrafi Cash Service at rates up to 3.5%. These financial services support secure investment of the county’s federal relief funds.
Contract Details
Vendor
FRANKLIN SAVINGS
Agency
Franklin County, ME
Contract Type
FINANCIAL_SERVICES
Document Date
April 15, 2025
Contract Term
Interest-bearing deposits at 3.0–3.5% as of 2/28/2025–3/20/2025
Renewal Date
2025-04-17
Renewal Info
ARPA CDARS mature April 17, 2025; the Administrator’s report indicates the county plans not to reinvest them in new CDARS.
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