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City of Belgrade Awards $1,000,000 Financial Contract to Magnifi Financial (December 2024)

City of Belgrade
Disclosed value
$1,000,000
From meeting minutes
Approved
Dec 16, 2024
Term
12 months

The 30-second brief

What it covers

Council approved putting $1 million into a 12-month CD at Magnifi Financial for a rate of 4.35%. This decision aims to grow the city's funds through a safe investment.

Who holds it

Magnifi Financial holds this financial contract with City of Belgrade. Its other public contracts on record include work for Albany Public School District and City of Cold Spring.

What happens next

Term as filed: 12 months.

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Contract details

Contract type
Financial
Amount
$1,000,000
Document date
December 16, 2024
Term
12 months
Vendor
Magnifi Financial
Agency
City of Belgrade
Source document
city-of-belgrade-meeting-minutes-2024-12-16_f5e.pdf (Meeting Minutes)

Magnifi Financial's other public contracts

Albany Public School District, MinnesotaMagnifi Financial Donation Accepted for Football Bus · Sep 9, 2026$1KCity of Cold Spring, MinnesotaCity Updates Authorized Signers at Magnifi Financial · Aug 26, 2026UndisclosedCity of Cold Spring, MinnesotaCold Spring Updates Magnifi Financial Account Signers · Aug 26, 2026UndisclosedCity of Grey Eagle, MinnesotaBeth Ramacher Named Control Person at Magnifi · Aug 12, 2026UndisclosedBelgrade-Brooten-Elrosa Public School District, MinnesotaDistrict Approves Closing Magnifi Financial Account · Aug 10, 2026UndisclosedAll Magnifi Financial contractsVendor profile

More City of Belgrade contracts

Short Elliott HendricksonSEH will provide consulting for the city · Dec 16, 2024UndisclosedNorthern States Power Co.Northern States Power Company to provide electric service · Dec 16, 2024UndisclosedWest Central SanitationGarbage Bill Assessment Approved for West Central · Nov 18, 2024UndisclosedObenland & NelsonTroy Nelson hired as city attorney · Nov 18, 2024$150/hourDooleys Natural Gas IiDooley's Natural Gas Service approved · Oct 21, 2024UndisclosedAll City of Belgrade activityAgency profile

Questions about this contract

Who was awarded the financial contract by City of Belgrade?

Magnifi Financial was awarded this financial contract by City of Belgrade, as recorded on December 16, 2024. The contract value is $1,000,000.

How much is the Magnifi Financial contract with City of Belgrade worth?

The Magnifi Financial contract with City of Belgrade is valued at $1,000,000, covering financial work.

What type of contract is this?

This is a Financial contract, documented as a meeting minutes record.

Where was this contract approved?

This contract appears in city-of-belgrade-meeting-minutes-2024-12-16_f5e.pdf (Meeting Minutes), dated December 16, 2024 from City of Belgrade. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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What other contracts does Magnifi Financial hold?

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

What is City of Belgrade currently buying?

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

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