Investment Custodial Safekeeping Service

The City of Arvada, Colorado, requires investment custodial safekeeping services to manage and secure its public funds. The agency is seeking to design and implement revenue acceleration programs that enhance the speed of money collection, deposition, and investment. This initiative aims to optimize investment income, which the provider must allocate to contributing funds based on the proportion of the prior month's ending balance relative to the total pooled balance. The scope of work covers all government funds, excluding defined contribution and benefit pension and retirement funds, deferred compensation funds, Arvada Urban Renewal Authority funds, and the self-insured medical fund. The selected partner must establish safekeeping procedures in accordance with the Safekeeping and Custody section of the agency's investment policy. Additionally, the provider must deliver periodic reports detailing the accounting treatment and performance level of the investment portfolio. Eligible bidders must be onshore organizations based in the United States. The agency allows the work to be performed either onsite or offsite, and bidders must submit their proposals digitally via email or an online portal. The agency is currently looking for proposals to determine the budget, and the resulting contract will run for a period of one year. Bidders must submit all questions regarding this opportunity no later than June 25, 2026.