City Codifies Use of IntraFi ICS and CDARS

Menlo Park has formalized the use of IntraFi’s ICS and CDARS programs to place City deposits across a network of FDIC-insured banks while retaining a single banking relationship. These reciprocal deposit services help the City maintain full FDIC coverage on large cash balances without changing its core operating bank.

Scope & details

The full contract record, as filed.

Contract type

FINANCIAL_SERVICES

Renewal

Policy authorizes continued use of IntraFi’s reciprocal deposit programs consistent with California Government Code Sections 53601.8 and 53635.8; no specific renewal date is provided.

Document type

AgendaPacket

Source document

City of Menlo Park Finance and Audit Commission Agenda Packet 2026-07-16

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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 Menlo Park?

INTRAFI was awarded this financial services contract by City of Menlo Park, as recorded on July 16, 2026.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Menlo Park Finance and Audit Commission Agenda Packet 2026-07-16 (AgendaPacket), dated July 16, 2026 from City of Menlo Park. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does INTRAFI hold?

INTRAFI 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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