Town of Connelly Springs Board of Aldermen Minutes February 2026
Board Increases NCCMT Investment to $1.22 Million
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Description
The Board of Aldermen approved increasing the Town’s initial investment deposit with the North Carolina Capital Management Trust to $1,218,221. The decision aims to earn higher returns than the Town’s current money market accounts at First Citizens Bank.
Contract Details
Contract Amount
$1,218,221 initial investment deposit
Vendor
NORTH CAROLINA CAPITAL MANAGEMENT TRUST (NCCMT)
Agency
Town of Connelly Springs, NC
Contract Type
FINANCIAL_SERVICES
Document Date
February 9, 2026
Renewal Info
No specific term or renewal provisions were discussed; investment account remains open-ended subject to future Board direction.
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