city_council_regular_meeting_agenda_december_2025.pdf
Michigan Class Investment Pool Chosen for City Funds
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Description
Albion’s FY 2026 budget resolution designates the Michigan Class Investment Pool as an authorized investment vehicle for City funds. This allows the City to place surplus cash in a pooled investment program administered for municipalities.
Contract Details
Vendor
MICHIGAN CLASS INVESTMENT POOL
Agency
City of Albion, MI
Contract Type
FINANCIAL_SERVICES
Document Date
December 15, 2025
Contract Term
Designation as depository/investment pool for Fiscal Year 2026 and until changed by Council
Renewal Date
2026-12-31
Renewal Info
Designation is tied to the FY 2026 budget and remains until altered by future council action.
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