School District of the City of Dearborn Resolution Financial Institution Designations and Practices 2026-06-22
PFM Designated for District Investment Deposits
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Description
Dearborn’s school district designated PFM as an authorized depository and investment vehicle with a maximum deposit capacity of $100 million. The resolution permits standard contracts and the honoring of authorized and facsimile signatures.
Contract Details
Contract Amount
Maximum deposit $100,000,000
Vendor
PFM
Agency
Dearborn City School District, MI
Contract Type
FINANCIAL_SERVICES
Document Date
June 22, 2026
Renewal Info
Designation remains effective until written notice of change is served by the district, consistent with the resolution’s depository provisions.
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