City of American Falls Minutes Regular Meeting 2026-05-20
City Invests in 6-Month CD with Bank of Commerce
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Description
The City Council of American Falls approved the investment of $190,961.68 into a 6-month Certificate of Deposit with Bank of Commerce to maximize returns on idle public funds. The City Clerk will monitor performance and report quarterly.
Contract Details
Contract Amount
$190,961.68
Vendor
BANK OF COMMERCE
Agency
City of American Falls, ID
Contract Type
FINANCIAL_SERVICES
Document Date
May 20, 2026
Contract Term
6 months
Renewal Date
2026-11-20
Renewal Info
No explicit renewal; upon maturity after 6 months, council may reinvest or withdraw the funds.
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