City Considers SUMAInvest Pooled Investment Option

Warman Council reviewed SUMAInvest as a potential pooled investment vehicle for a portion of the City’s reserves. The program offers diversified portfolios with higher historical returns than GICs, but includes management and administration fees and a 25% cap of unappropriated reserves.

Document date · May 19, 2026

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

No fixed term; funds withdrawable with approximately one month’s notice

Renewal

Potential participation would not have a fixed term and could be adjusted or withdrawn with approximately one month’s notice, subject to program rules and reserve limits.

Document type

AgendaPacket

Source document

City of Warman Committee of the Whole Agenda Packet May 2026

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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 Warman?

SUMAINVEST was awarded this financial services contract by City of Warman, as recorded on May 19, 2026.

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 Warman Committee of the Whole Agenda Packet May 2026 (AgendaPacket), dated May 19, 2026 from City of Warman. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does SUMAINVEST hold?

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

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