South Bristol Town Board Meeting Minutes March 2026
Town Moves $500K to NYCLASS Investment Account
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Description
South Bristol authorized transferring $500,000 from its Canandaigua National Bank consolidated savings account into the interest-bearing NYCLASS investment pool. The move is intended to increase interest earnings on surplus municipal funds.
Contract Details
Contract Amount
$500,000.00 transfer
Vendor
NYCLASS
Agency
Town of South Bristol, NY
Contract Type
FINANCIAL_SERVICES
Document Date
March 9, 2026
Renewal Info
Ongoing participation in NYCLASS as an interest-bearing investment vehicle; future transfers or withdrawals to be made as needed under Town Law and Comptroller guidance.
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