Zeballos Maintains Short-Term Borrowing With CIBC

The Village of Zeballos maintains a short-term borrowing arrangement with CIBC, supported by an annual Revenue Anticipation Borrowing Bylaw, to address temporary cash flow timing issues during the 2026 fiscal year. Any funds drawn must be repaid within the same calendar year and do not constitute long-term debt.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Contract term

Calendar year 2026 (short-term, repayable within same year)

Renewal date

2026-12-31

Renewal

The Revenue Anticipation Borrowing Bylaw must be renewed annually; CIBC requires a current bylaw on file for borrowing authority in each fiscal year, with any borrowing repaid within that calendar year.

Document type

StaffReport

Source document

Village of Zeballos Staff Report Revenue Anticipation Borrowing Bylaw 2026-02-24

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Village of Zeballos?

CIBC was awarded this financial services contract by Village of Zeballos, as recorded on February 24, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in Village of Zeballos Staff Report Revenue Anticipation Borrowing Bylaw 2026-02-24 (StaffReport), dated February 24, 2026 from Village of Zeballos. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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