City Renews CDs With Prospect Bank at 4% | Fauquier County Water & Sanitation Authority | PROSPECT BANK

City Renews CDs With Prospect Bank at 4%

The City of Gilman renewed three Certificates of Deposit with Prospect Bank for 90 days at a 4.0% interest rate, covering over $1.2 million across the General Fund, Motor Fuel Tax, and IMRF accounts. The action maintains the city's short-term investment strategy with its banking partner.

Document date · June 8, 2026

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Scope & details

The full contract record, as filed.

Contract amount

$1,068,581.53 General Fund CD; $79,349.87 Motor Fuel Tax CD; $52,899.91 IMRF CD

Contract type

FINANCIAL_SERVICES

Contract term

Ninety (90) days at 4.0% interest

Renewal

CDs rolled over for an additional 90 days at 4.0% interest.

Document type

Minutes

Source document

City of Gilman Minutes Regular Meeting 2026-06-08

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Fauquier County Water & Sanitation Authority?

Prospect Bank was awarded this financial services contract by Fauquier County Water & Sanitation Authority, as recorded on June 8, 2026. The contract value is $1,068,581.53 General Fund CD; $79,349.87 Motor Fuel Tax CD; $52,899.91 IMRF CD.

How much is the Prospect Bank contract with Fauquier County Water & Sanitation Authority worth?

The Prospect Bank contract with Fauquier County Water & Sanitation Authority is valued at $1,068,581.53 General Fund CD; $79,349.87 Motor Fuel Tax CD; $52,899.91 IMRF CD, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in City of Gilman Minutes Regular Meeting 2026-06-08 (Minutes), dated June 8, 2026 from Fauquier County Water & Sanitation Authority. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Prospect Bank hold?

Prospect Bank 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 Prospect Bank's profile

What is Fauquier County Water & Sanitation Authority currently buying?

Explore Fauquier County Water & Sanitation Authority's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.

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