FINANCIAL_SERVICESPENDING

Council Considers Short-Term CD Investments

Lincoln's treasurer recommended investing up to $1 million of general funds in short-term certificates of deposit with area banks while interest rates remain high. The council supported the approach, and rate proposals will be collected for review at the next meeting.

Status
PENDING
Document date
July 23, 2024
Contract type
FINANCIAL_SERVICES
Vendor
Area Banks
Agency
City of Lincoln city · IL

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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
$1 million or less
Contract type
FINANCIAL_SERVICES
Contract term
short-term certificates of deposit
Document type
Minutes
Source document
city-of-lincoln-committee-meeting-minutes-july-23-2024_c12.pdf

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by City of Lincoln city?

Area Banks was awarded this financial services contract by City of Lincoln city, as recorded on July 23, 2024. The contract value is $1 million or less.

How much is the Area Banks contract with City of Lincoln city worth?

The Area Banks contract with City of Lincoln city is valued at $1 million or less, 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 city-of-lincoln-committee-meeting-minutes-july-23-2024_c12.pdf (Minutes), dated July 23, 2024 from City of Lincoln city. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Area Banks hold?

Area Banks 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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What is City of Lincoln city currently buying?

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

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