FINANCIAL_SERVICESPENDING

Staff Proposes $570,000 Transfer From IPAVA To IPOPIF

Finance staff recommends that the Police Pension Board transfer $570,000 from the IPAVA State Bank money market account to IPOPIF in August 2026 to align with the fund’s cash management policy. The move would reduce locally held cash while increasing pooled investments.

Status
PENDING
Document date
August 3, 2026
Contract type
FINANCIAL_SERVICES
Vendor
Ipava State Bank
Agency
Town of Washington · IL

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WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
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IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
$570,000
Contract type
FINANCIAL_SERVICES
Contract term
Proposed transfer in August 2026
Renewal
This is a one‑time transfer recommendation under the cash management policy; the underlying IPAVA money market relationship would continue unless further funds are moved or the account is closed.
Document type
AgendaPacket
Source document
City of Washington Police Pension Fund Quarterly Board Meeting Agenda Packet 2026-08-03

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Town of Washington?

Ipava State Bank was awarded this financial services contract by Town of Washington, as recorded on August 3, 2026. The contract value is $570,000.

How much is the Ipava State Bank contract with Town of Washington worth?

The Ipava State Bank contract with Town of Washington is valued at $570,000, covering financial services work.

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 Washington Police Pension Fund Quarterly Board Meeting Agenda Packet 2026-08-03 (AgendaPacket), dated August 3, 2026 from Town of Washington. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Ipava State Bank hold?

Ipava State Bank 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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