FINANCIAL_SERVICESONGOING

Municipality Maintains MFA Short Term Bond Investment

Bowen Island Municipality continues to hold a $5.7 million position in the Municipal Finance Authority short term bond fund while managing timing around unrealized losses. A separate $2.5 million MFA money market investment was redeemed and reallocated to a higher-yield savings vehicle.

Document date · October 27, 2022

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

Scope & details

The full contract record, as filed.

Contract amount
$5.7 million position in short term bond fund; $2.5 million previously invested in money market fund
Contract type
FINANCIAL_SERVICES
Renewal
Standing investment relationship with MFA; specific renewal or maturity dates for the funds are not detailed in the minutes.
Document type
Minutes
Source document
Bowen Island Municipality Minutes Finance Advisory Committee Meeting 2022-10-27

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Bowen Island Municipality?

Municipal Finance Authority (mfa) was awarded this financial services contract by Bowen Island Municipality, as recorded on October 27, 2022. The contract value is $5.7 million position in short term bond fund; $2.5 million previously invested in money market fund.

How much is the Municipal Finance Authority (mfa) contract with Bowen Island Municipality worth?

The Municipal Finance Authority (mfa) contract with Bowen Island Municipality is valued at $5.7 million position in short term bond fund; $2.5 million previously invested in money market fund, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Bowen Island Municipality Minutes Finance Advisory Committee Meeting 2022-10-27 (Minutes), dated October 27, 2022 from Bowen Island Municipality. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Municipal Finance Authority (mfa) hold?

Municipal Finance Authority (mfa) 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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