city-of-southport-board-of-aldermen-meeting-agenda-november-13-2025_907.pdf
ABC Board Opens Account with NC Capital Management Trust
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Description
The Southport ABC Board approved opening an account with the NC Capital Management Trust, including an initial $50,000 deposit and monthly transfers as needed. This action engages the trust to provide investment and cash management services for ABC Board funds.
Contract Details
Contract Amount
$50,000 initial deposit
Vendor
NC CAPITAL MANAGEMENT TRUST
Agency
City of Southport, NC
Contract Type
FINANCIAL_SERVICES
Document Date
November 13, 2025
Renewal Info
Board intends to make ongoing monthly transfers into and withdrawals from the NC Capital Management Trust account as needed; no fixed end date specified.
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