Medium PriorityTaxes Budgetopen
County Banking Services and Investment Sweep Account
Summary
The county treasurer extended the master banking contract with Wells Fargo for two years and added an overnight investment sweep option to earn higher interest on excess cash balances.
At a glance
- Total mentions
- 1
- Last 30 days
- 0
Last discussed Jul 28, 2026.
Impact analysis
💰Financial impact
Monthly banking fees ranging from $2,800 to $4,000, with a $250 monthly fee for the sweep option generating an estimated net annual return of several thousand dollars.
✅Who benefits
Davis County taxpayers, as surplus public funds generate additional overnight investment interest.
Mentions & discussions (1)
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