City Adjusts Investments After NCCMT Term Account Closure

The City of Randleman received notice from North Carolina Cash Management Trust that municipal term investment accounts are being closed due to market conditions. The Finance Director transferred the City’s term funds into its existing NCCMT General Fund account.

Document date · October 27, 2020

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Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Term investment product with NCCMT discontinued by provider; General Fund investment account remains active.

Document type

Meeting Minutes

Source document

city-of-randleman-meeting-minutes-2020-10-27_85e.txt

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Other contracts from North Carolina Cash Management Trust (nccmt).

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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 Randleman?

North Carolina Cash Management Trust (nccmt) was awarded this financial services contract by City of Randleman, as recorded on October 27, 2020.

What type of contract is this?

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

Where was this contract approved?

This contract appears in city-of-randleman-meeting-minutes-2020-10-27_85e.txt (Meeting Minutes), dated October 27, 2020 from City of Randleman. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does North Carolina Cash Management Trust (nccmt) hold?

North Carolina Cash Management Trust (nccmt) may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

View North Carolina Cash Management Trust (nccmt)'s profile

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